AGM Statement

Falkland Gold and Minerals Ltd
28 February 2007


Falkland Gold & Minerals Limited

AGM Statement

28 February 2007

At today's Annual General Meeting of Falkland Gold & Minerals Limited, Richard
Linnell, Chairman, will report to shareholders on progress made in the previous
12 months.



During the 12 months to 31 January 2007, 11,462 metres were drilled and by that
date 20,539 metres out of the total planned programme of 24,000 metres had been
drilled.  Despite the extensive work programme having significantly increased
the Company's knowledge of the islands' geology and the source of anomalies, no
results of economic value have been found to date.



The Board expects that the remaining drilling programme will be completed by the
end of June 2007. At that time the Board will review the viability of any
further work and will advise shareholders accordingly.

Enquiries:

Falkland Gold and Minerals Limited
Richard Linnell (Chairman) [phone]

W.H. Ireland Limited
Paul Dudley / James Joyce [phone]


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