Anglo Pacific ? Cardero Withdraws From Trefi Pu...

FOR: ANGLO PACIFIC GROUP PLC LSE SYMBOL: APF TSX SYMBOL: APY March 6, 2012 Anglo Pacific Group PLC: Cardero Withdraws From Trefi Purchase Letter of Intent LONDON, UNITED KINGDOM--(Marketwire - March 6, 2012) - Anglo Pacific Group PLC ("Anglo Pacific", the "Group") (LSE:APF)(TSX:APY) has been informed by Cardero Resource Corp. ("Cardero") that it has withdrawn from the non- binding letter of intent ("LOI") to acquire the Group's Trefi coal property. Under the terms of the LOI, Anglo Pacific will receive a break fee of C$75,000 plus certain ancillary expenses in connection with the LOI. Important notice This news release contains forward-looking statements based on assumptions and reflects Anglo Pacific's expectations, estimates and projections of future events as of the date of this release. Forward-looking statements include, without limitation, statements regarding the performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of Anglo Pacific. Often, but not always, forward-looking statements can be identified by the use of words such as "expects", "anticipates", "plans", "believes", "estimates", "seeks", "intends", "targets", "projects", "forecasts", or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements are based upon certain material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by Anglo Pacific in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. Also, forward- looking statements involve known and unknown risks, uncertainties and other factors that are beyond the Company's control and which may cause the actual results, performance or achievement to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such material factors and assumptions and risks and uncertainties include, among others, those described in the Company's annual information form dated as at June 29, 2010 (available on Anglo Pacific's website and at www.sedar.com), which are incorporated by reference into this release and qualify any and all forward-looking statements made in this release. Although Anglo Pacific has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that actual results will be consistent with these forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements herein relate only to events or information as of the date on which the statements are made and, except as specifically required by law, Anglo Pacific undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise. FOR FURTHER INFORMATION PLEASE CONTACT: Anglo Pacific Group PLC Peter Boycott Chairman +44 (0) 20 3435 7400 Anglo Pacific Group PLC John Theobald Chief Executive Officer +44 (0) 20 3435 7400 www.anglopacificgroup.com Liberum Capital Chris Bowman +44 (0) 20 3100 2000 Liberum Capital Christopher Kololian +44 (0) 20 3100 2000 Pelham Bell Pottinger Lorna Spears +44 (0) 20 7861 3232 Pelham Bell Pottinger James MacFarlane +44 (0) 20 7861 3232 Anglo Pacific Group Plc
UK 100

Latest directors dealings