Update re Ksar Hadada

Independent Resources plc (the company)

AIM-quoted  Independent Resources plc has received confirmation that exploration rights  on  the  Ksar
Hadada oil and gas exploration permit in Tunisia have been extended for a further three years.

The  extension follows the completion of work to acquire new seismic and well data which indicate that
Ksar  Hadada, located in south-east Tunisia, may contain several new prospects in addition to the Sidi
Toui and Oryx structures previously known to be present.

The first renewal period for the Ksar Hadada permit will run for three years from 20th April 2008.  In
line  with  the  Production  Sharing Contract, Independent Resources  and  operator  Petroceltic  have
surrendered 20% of the concession to the State.  The permit now covers more than 5,600 square km.

IRG  Executive  Chairman  Grayson Nash said: "We are delighted to have secured  continued  exploration
rights  over Ksar Hadada for another three years, especially since  our extensive work on  the  permit
has yielded such encouraging results."

Further work is now planned in the light of the most recent data, and an announcement will be made  in
due course.

IRG  was  admitted  to  AIM  in December 2005 and alongside its exploration interests  in  Tunisia  is
pursuing  an integrated gas business in Italy which includes the Fiume Bruna coalbed methane  prospect
on  the  north-west industrial coast, and the strategically-positioned Rivara gas storage facility  in
the  Po  Valley.  The  company is focusing on developing both conventional oil and unconventional  gas
production, and building a profitable portfolio through wholly-owned initiatives and partnerships.

For further information contact:

Stephen Staley, Managing Director, Independent Resources plc:           01332 865 253
                                                                        07771 838 753
Allan Piper, First City Financial Public Relations:                     020 7242 2666

                                                                    Background details follow:

                                          Ksar Hadada update

Additional prospectivity

    *       As described in previous communications, IR and their partners in the Ksar Hadada permit have
            acquired from ETAP (Tunisian state oil company) a large volume of new seismic and well data across
            this 5,600 km2 plus area. For the past several months IR has been interpreting this new data set.

    *       The remapping of the block based on this data has yielded very positive results:

            o       Validation of the original Sidi Toui and Oryx prospects.
            o       Identification of several new prospects.

Permit renewal

    *       The second phase of the permit begins on 20th April 2008 and lasts for three years.
    *       IR and partners (known together as "the Contractor") have been informed by the Tunisian
            government that their application for the renewal into the second phase has been approved.
    *       All work programme obligations for the first phase have been met by the Contractor; renewal
            required relinquishment of 20% of the area of the licence.
    *       All the identified prospects lie in the retained area.

Notes:

    *       IR  has  a  40%  interest in the Ksar Hadada permit held through wholly-owned  subsidiary
            Independent Resources (Ksar Hadada) Ltd, Petroceltic Ksar Hadada Ltd (Operator) 57%, GA.I.A. srl 1.5%,
            Derwent Resources (Ksar Hadada) Ltd 1.5%.
    *       IR farmed in to the permit in 2005.

Independent Resources plc