Issue of Equity

Zareba PLC
14 March 2005

                              Zareba Resources plc



                                Issue of equity



On 7 March 2005 Zareba issued 3,300,000 new ordinary shares in satisfaction of
placing commissions amounting to £33,000 in relation to the placing and
admission to AIM. The shares have been issued at a price of 1p per share under
an agreement made by the Company as disclosed in the Admission document dated 8
February 2005. Application will be made for these shares to be admitted to
trading on AIM. Of these shares, 2,300,000 have been issued to James Burgess, a
director of the Company. Following this issue, Mr Burgess is interested in
12,300,000 ordinary shares in the Company, representing 6.05 per cent. of the
issued share capital of the Company.



14 March 2005


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