Final Results

Horizonte Minerals PLC
30 April 2007


        Horizonte Minerals plc / Index: AIM / Epic: HMZ / Sector: Mining


30 April 2007

             Horizonte Minerals plc ('Horizonte' or 'the Company')

                              Preliminary Results



Horizonte Minerals plc, the AIM listed exploration and development company
focused on Brazil and Peru, is pleased to announce its results for the year
ended 31 December 2006.


Overview
     
•    Admitted to AIM in May 2006, raising £2.3 million to focus on the discovery 
     and development of world-class precious and base metal projects in South 
     America.

•    Multiple new gold targets defined in Brazil.

•    Proven model of identifying quality early stage projects before securing a 
     partner to assume high financial exposure of development and production.

•    Defined large scale mineralised gold system at the Tangara project in the 
     Carajas Mineral District, Brazil - drilling returned:

       36.25 metres averaging 2.54 g/t Au from 36.25 metres downhole, including
       6.75 metres grading 9.8 g/t Au and a second interval of 2 metres grading 
       6.0 g/t Au

•    Defined high grade vein and replacement style mineralisation at the El
     Aguila silver-lead-zinc project in the Cerro de Pasco District Peru - the 
     11 holes drilled returned economic intersections and further targets have 
     been defined.

•    Acquired 4,660 hectare Crixas nickel project on the tightly held Archean 
     aged Crixas greenstone belt - multiple nickel-copper anomalies defined.

•    Acquired 25,556 hectare land package located 80 km south of a major
     nickel deposit owned by Xstrata - nickel targets defined for follow-up.

•    Pipeline of projects being developed by highly experienced operational
     team.


Chairman's Statement

It gives me great pleasure to address you in what is Horizonte's maiden annual
report to shareholders. The Company, which listed in May 2006, has progressed
significantly in a short time and has achieved its key objectives as set out in
the AIM listing document.

Importantly, we completed the successful critical first pass drilling at the
flagship Tangara and El Aguila projects, which contributed considerably to our
understanding of the mineral systems and increased their value as the drilling
revealed economic grades and demonstrated size potential of the systems.

New targets have also been defined within the Tangara project area, notably at
Pampeana, where detailed work around the Gerson Zone indicated the potential for
continuity of the mineralisation defined in the discovery drill hole 4, which
returned 36.25 metres averaging 2.54 g/t Au. At Pampeana, located 10 kilometres
south-east of the Malvinas target, we also identified high-grade quartz veins
gold mineralisation e.g. 35.62 g/t Au. Horizonte is developing these projects to
a point whereby, in line with the Company's strategy, it will aim to sign a
partner keen to be involved in early stage quality projects with the potential
for major gold +/- copper deposits. An example of this was our joint venture
with Troy Resources on the Goias Velho project.

At El Aguila in Peru, we intersected excellent grades and widths in the Pacos
Zone in the first pass drilling e.g. HM-DDH-3 11.08 m grading 5.53 oz/t Ag,
3.06% Pb and 2.78% Zn from 28.97m down hole. Subsequent mapping, sampling and
ground geophysics have identified further potential for silver-zinc-lead
mineralisation away from the Pacos Hill zone. The results from the Zona Sur are
tantalising, with strong coincidence of mineralisation, high grade geochemistry
and ground geophysics. The average grade of seven channel samples taken along
230 metres extent of the Veta Marlene returned 0.24g/t Au, 10.24 oz/t Ag, 4% Pb
and 5.6% Zn. The early results have attracted considerable attention from mining
groups, especially given El Aguila's strategic location in one of the world's
premier poly-metallic mineral belts. I am sure it will be only a matter of time
before Horizonte will have a significant partner on this project.

Horizonte has been quick to add to its original portfolio after listing - Crixas
and Lontra are two such projects. The Lontra project is an example of the
ability of your Company to acquire ground in emerging mineral belts. The
presence of economic grades in samples e.g. 1.59% Ni attests to the potential of
this ground holding.

Your Company is continually reviewing many submittals that our local manager,
Antonio Valerio, is able to source. In addition, Horizonte's in-house generative
programme is looking at a number of new areas with a view to gaining a
significant early-entry competitive advantage.

I cannot stress enough, especially after visits to the Vancouver Round-Up
conference and the PDAC in Toronto, the critical need for new projects and more
especially new generative projects within the exploration and mining sector. A
considerable amount of funds raised recently have been put into 'dusted off'
projects, new to the investor but not to the mining industry. The concept of
adding value to such projects is finite, as few go on to become productive
mining projects.

The only way to add real value in the exploration and development ('E&D') sector
is by the discovery of new mineralisation, which has the potential in terms of
scale, grade, mineability, political risk and environmental risk, etc to be a
new mine. This is the principle aim of Horizonte.

At each point in an E&D programme the management and board must assess the
ongoing results with this in mind. It is crucial that investors understand the
difference between measured, indicated and inferred resources and appreciate
that these may not have any economic value in certain circumstances. The
desperation of some companies to show value by publishing inferred resource
43-101 or JORC compliant is unacceptable. Inferred resources are barely proven
resources in the ground - the lowest level of certainty and confidence. Yet we
see companies undertaking 'scoping studies' on inferred resources, which really
in terms of value are worthless.

Mining is however not only about projects but also people. The availability and
retention of quality experienced personnel is a major issue in the exploration
and mining industry. I believe Horizonte is blessed with professional,
experienced management who are incentivised through their equity holding in the
Company. The technical team supported by the board is well placed for success
and I believe has already shown the ability to discover and add value from a low
cost base and will continue to do so to enhance shareholder value.

2007 will be a challenging year and one I am sure will witness significant
developments in Horizonte. Finally I would like to take this opportunity to
extend my thanks to the board and to you as shareholders for your continuing
support.


David J. Hall
Chairman
30 April 2007



Consolidated Income Statement
For the year ended 31 December 2006
                                                            Year ended         Period 14 June 2005 - 
                                                      31 December 2006              31 December 2005

Revenue                                                              -                             -

Cost of Sales                                                        -                             -

Gross Profit                                                         -                             -

Administration Expenses                                      (240,475)                      (73,897)

Gain/(Loss) on Foreign Exchange                                (6,580)                             -

Loss from Operations                                         (247,055)                      (73,897)

Finance Income                                                  58,999                         2,960

Loss before Taxation                                         (188,056)                      (70,937)

Taxation                                                             -                             -

Retained Loss for the Year attributable                      (188,056)                      (70,937)
to Equity Shareholders

Loss per Share (pence) - Basic and                              (0.76)                        (0.41)
Diluted



Consolidated Balance Sheet
As at 31 December 2006
                                                                  31 December       31 December
                                                                         2006              2005
ASSETS

Non-Current Assets

Intangible Assets                                                   1,445,195           152,770
Property, Plant & Equipment                                               972                 -

                                                                    1,446,167           152,770

Current Assets
Trade and Other Receivables                                             2,793               467
Cash and Cash Equivalents                                           1,427,044           499,195

                                                                    1,429,837           499,662

                                                                    2,876,004           652,432
EQUITY AND LIABILITIES

Equity

Issued Capital                                                        295,077           218,410
Share Premium                                                       3,793,147         1,965,690
Other Reserves                                                    (1,048,100)       (1,548,100)
Retained Earnings                                                   (255,687)          (70,937)

Total Equity                                                        2,784,437           565,063


Current Liabilities

Borrowings                                                                  -            55,580
Trade and Other Payables                                               91,567            31,789
Total Liabilities                                                      91,567            87,369

Total Equity and Liabilities                                        2,876,004           652,432



Consolidated Statement of Changes in Equity


                                   Share     Share Premium     Retained        Merger    Total
                                  Capital                       Reserve       Reserve

Balance on Incorporation                   2             -            -             -           2
Issue of Ordinary Shares             118,408       570,690            -             -     689,098
Issue Costs                                -      (53,100)            -             -    (53,100)
Merger Reserve                       100,000     1,448,411            -   (1,548,100)           -
Loss for the Period                        -             -     (70,937)             -    (70,937)

As at 31 December 2005 and 1         218,410   (1,965,690)     (70,937)   (1,548,100)     565,063
January 2006


Issue of Ordinary Shares              76,667     2,223,333            -             -   2,300,000
Issuance Costs                             -     (395,876)            -             -   (395,876)
Movement on Merger Reserve                 -             -            -       500,000     500,000
Share options -value of                    -             -        3,306             -       3,306
employee services
Loss for the period                        -             -    (188,056)             -   (188,056)

As at 31 December 2006               295,077     3,793,147    (255,687)   (1,048,100)   2,784,437



Consolidated Cash Flow Statement
For year ended 31 December 2006

Consolidated Cash flow Statement                                  Year ended 31       Period 14-June
                                                                  December 2006            2005 - 31
                                                                                       December 2005
Cash flows from operating activities

Loss before taxation                                                  (188,056)             (70,937)
Interest income                                                        (58,999)              (2,960)
Employee share options                                                    3,306                    -
Depreciation                                                                254                    -

Operating loss before changes in working capital                      (243,495)             (73,897)

Increase in trade and other receivables                                 (2,326)                (467)
Increase in trade and other payables                                     59,778               31,789

Net cash outflow from operating activities                            (186,043)             (42,575)

Cashflows from investing activities

Purchase of intangible assets                                         (792,425)            (152,770)
Purchase of property, plant and equipment                               (1,226)                    -
Interest received                                                        58,999                2,960

Net cash used in investing activities                                 (734,652)            (149,810)

Cash flows from financing activities

Proceeds from issue of ordinary shares                                1,904,124              636,000
Change in short term borrowings                                        (55,580)               55,580
Net cash inflow from financing activities                             1,848,544              691,580

Net increase in cash and cash equivalents                               927,849              499,195

Cash and cash equivalents at beginning of year                          499,195                    -

Cash and cash equivalent at end of the year                           1,427,044              499,195

Consisting of:
Group cash                                                            1,427,044              499,195


Note:

During the period £500,000 of intangible assets were purchased by the issue of 
10 million shares.


                                  * * ENDS * *


For further information visit www.horizonteminerals.com or contact:
                                                            
Jeremy Martin/David Hall    Horizonte Minerals plc          Tel: [phone]
David Paxton                Hichens Harrison                Tel: [phone]
Hugo de Salis               St Brides Media & Finance Ltd   Tel: [phone]
John Frain/Fergal Meegan    Davy                            Tel: [phone]


Notes to Editors:

Horizonte Minerals Plc is an AIM listed mineral resources exploration group
focused on the discovery, appraisal and development of gold and base metal
deposits in Brazil and Peru.  The Company has two gold exploration projects in
Brazil, and one silver-zinc-lead project in Peru. The two Brazilian gold
projects, Tangara and Falcao, are located to the south of the highly prospective
Carajas Mineral Province. Both projects cover an area of approximately 300 sq km
and are centred over greenstone belts, with known gold mineralisation. The scale
of these project areas, the overall aerial extent of the mineralised system and
the high density and magnitude of related gold anomalies (identified in river
sediments, surface soils and rocks), indicate the potential for multiple deposit
discoveries.

The silver-zinc-lead project is located in the historic mining district of Cerro
de Pasco in Central Peru. Sampling and limited historic drilling on this project
has demonstrated the high grade potential of this project. The Company has a
joint venture with Australian gold producer Troy Resources NL's 70% owned local
subsidiary Sertao Mineracao Ltda to advance its Goias Velho gold exploration
project in Brazil.



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