Admission to AIM

Persian Gold PLC
30 June 2005


                            Persian Gold Joins AIM 30th June  2005

Persian Gold PLC (ticker: PNG.L) is pleased to announce its introduction to the
London Stock Exchange's Alternative Investment Market Thursday 30th June 2005.


Prior to its admittance, Persian Gold successfully raised £1 million by placing
4m ordinary shares at a price of 25p per share.  The placing price values the
company at £14 million. Rowan Dartington is the nominated advisor and broker to
the Company. The proceeds will be used to fund a concentrated sampling and
drilling program on 320 sq kms in specific areas in Takestan north-western Iran.
This programme will take 12-18 months to complete.


The Company was formed in 2003 specifically to explore for gold in the vast
alunite reserves of Iran. Whilst international majors such as BHP and RTZ
operate in Iran, Persian Gold is the first independent, European junior
exploration company to commence operations. What makes Persian gold different
from other junior gold explorers is


•     High quality geological concessions which share similarities with gold 
      rich areas in Latin America
•     Exceptional quality of company management


Persian Gold is applying in Iran, a new gold exploration model which has proven
highly successful in the past decade.  This model has discovered, some of the
largest gold deposits in the world. Mike Thomsen, Persian Gold's Senior
Technical Advisor, is a world class expert in Quartz-Alunite Gold exploration
from his days with Newmont Gold.  In South America he was involved in the
development of the 50 million ounce Yanacocha mine in Peru. Yanacocha is the
second largest gold mine in the world.  Yanacocha is a gold in alunite deposit.


The gold in alunite exploration model brought Persian Gold to Iran, which has
the world's second largest deposits of alunite - over a billion tons. Operations
have so far proved successful. Persian Gold has been exploring 1,800 sq km of
alunite deposits in Takestan, Northern Iran. Using 4 teams of geologists and
samplers, some 3,000 samples have been carefully selected, prepared in Tehran
and shipped to the OMAC laboratory in Loughrea, Ireland for analysis.  Traces of
gold have been found, proving that gold exists in the system.



Second stage sampling on a tighter grid is commencing on the first of a number
of targeted areas.  These are areas where traces of gold have been found.  The
target for the Company is a large multi million ounce open cast gold mine.  A
commercially viable grade is 1.5 to 2.0 grams of gold per ton because the gold
is easily recovered using vast heaps where gold in alunite is slowly leached out
over days, weeks and months.



The company's management is headed by John Teeling. John has been very
successful in taking innovative resource companies to the London AIM market and
brings many years of success and experience to the Board.  The other Board
members are all experienced explorers.



Success and experience are shared by the two major technical advisers to the
Company. Mike Thomsen has 28 years experience in the field and has a proven
record of success.



Monir Davoudzadeh, a prestigious Iranian geologist, is co-ordinating operations
in Takestan through the Company's Tehran office. Dr Davoudzadeh brings not only
a keen understanding of the region's geology, but also a detailed knowledge of
the Iranian minerals industry.

Mike Thomsen, the chief technical adviser said



'Our concessions are geologically exciting. Not only are there massive alunite
reserves but they share key features with mineral rich regions of Latin America
which could be the key to a significant gold find. We have the possibility of a
multi million ounce gold find in our concessions.  Initial results are positive'


John Teeling, Chairman of Persian Gold said



'We are at the start of something which could be really big.  We have had
excellent assistance from the authorities in Tehran and we could not wish for
better local co-operation.  But never forget, gold exploration is a high risk
business. Whilst it is important to stress that we are still at very early
stages, the downside risk has dropped significantly due to the fact that we have
already proven the presence of gold in our licensed area. Iran has a long
illustrious history of gold. The aim of Persian Gold is to rekindle this
sparkling history by applying modern exploration techniques to this relatively
under explored country.'


For further information please contact:


Persian Gold PLC
John Teeling, Chairman                       + 353 87 258 1178
Jack Teeling, Director                       + 353 1 833 3505

Bell Pottinger Corporate & Financial         + 44 207 861 3232
Nick Lambert
Paddy Blewer


Background Notes


  • Persian Gold was formed in the UK in 2003
  • It has 56 M shares in issue of which 70% are controlled by directors and
    managers
  • The directors and managers have extensive exploration experience for gold
    and hydro carbons.  John Teeling, with James Finn and David Horgan, has
  • established 8 stock exchange listed resource companies.  David Horgan
    manages on Iraq focused oil exploration company.  Mike Thomsen has 28 years
  • gold exploration experience with gold multi nationals.  Monir Davoudzadeh,
    now based in Munich, is an acknowledged specialist in Iranian geology and a
  • former senior executive in the Iranian Geological Survey.







                      This information is provided by RNS
            The company news service from the London Stock Exchange             PABKDFAB