Interim Results

Persian Gold PLC
20 September 2005


                               Persian Gold plc


              Interim Results for the six months to 30th June 2005



Chairman's Statement

This is my first statement to you, the shareholders, since the Company's shares
were admitted to trading on the London AIM market. Persian Gold is the first
independent European junior exploration company to commence activities in Iran.
This country is host to a range of major mineral deposits of gold, copper and
zinc including the world class porphyry copper deposit at Sar Chesmeh and major
undeveloped zinc deposits such as Angoran.  Iran is considered to be vastly
under-explored by Western mining standards. This is the opportunity that Persian
Gold has recognized and seeks to pursue.

The initial strategy of Persian Gold is to explore for, and discover, a large
open pit gold deposit in the northwestern part of Iran. We are focused on gold
associated with alunite.  The importance of the mineral alunite is that, in the
last decade, a number of world class gold deposits associated with alunite have
been discovered primarily in Latin America.  An important feature of these
alunite related gold deposits is that they are extremely large in size and very
profitable.  Newmont's Yanacocha gold mine and Barrick's Pierina gold mine, both
of which are alunite associated gold deposits, are two of the lowest cost
operations in the world.

In early 2004, Persian Gold negotiated a study concession over 1800 sq kms of
ground in the Takestan area of Northwestern Iran. The area holds the second
largest known deposits of alunite in the world; in total about 1 billion tons.
The ground was selected using satellite imagery and analysis plus the advice and
help of the Iranian Geological Survey. The concession area which stretches from
120kms Northwest of Tehran toward the Caspian Sea is mainly in the foothills of
the Alborz mountains though some areas are deep in the mountains. Access is
generally good. It is possible to work in the field for 10 months of the year.
Thick snow covers part of the mountains for February and March.

We put together excellent teams of local geologists and field crews and began
our fieldwork in November 2004. Since that time approximately 2,500 rock chip
geochemical samples have been taken over the concession area.  These samples
have been analyzed and a number of gold anomalies have been identified.

We have now moved to the second phase of exploration by applying for 8
exploration licences covering a total of 320 sq km of ground. Our teams have
been active on follow-up exploration on two of the identified areas, Twin Hills
near the town of Takestan and Zehabad a more remote area to the North.

Twin Hills is an area of strong alteration containing a broad surface gold
geochemical anomaly covering an area of approximately one square kilometre.
Second phase sampling of Twin Hills is now completed with over a hundred
additional surface samples taken.  Results of this phase will guide the future
drill evaluation of the Twin Hills prospect.

The Zehabad prospect, the site of a former small silver-zinc-lead mine, hosts a
series of mineralised veins that are currently being re-sampled and mapped in
detail.  Some of the highest gold values received to date in the first phase
sampling program, up to 14 g/t gold, have been found at Zehabad.  This is an
interesting high grade target that presents an intriguing opportunity for the
Company.

Our activities in Iran have been warmly received by all levels of government
agencies in that country and we are developing close relationships for future
activities.  We are confident that due to our current exploration activities,
new opportunities will be brought to our attention and we will evaluate these
prospects for Persian Gold's mineral portfolio.

We raised £1,000,000 prior to listing on AIM so we are well financed for the
current exploration programme. This is a good time to be an explorer. Gold and
other commodity prices are expected to remain strong for the foreseeable future.
There is a feeding frenzy on exploration ground in many parts of the world but
not yet in Iran. We are lucky in that we have been able to put together a team
of skilled technical and financial people in the UK, supported by teams of
highly skilled locals in Iran. What we now need to do is to spread the good news
to a wider audience. Persian Gold is held by a few hundred shareholders. In the
coming months, as our exploration programme expands, we will be spreading the
message to the wider investment community.

Your company is starting out on what I hope will be an exciting road to success.


John J. Teeling
Chairman
19 September 2005




Further information

Persian Gold
John Teeling/Jim Finn                             Tel: [phone]


Rowan Dartington
Barry J. Newton                                   Tel:[phone]



Company Profit and Loss
                                                      Six Months Ended
                                                 30 June 2005      30 June 2004
                                                        £'000             £'000

Operating loss                                           (116)              (58)
Investment income                                           2                 0

Loss before taxation                                     (114)              (58)
Taxation                                                    0                 0

Loss for the period                                      (114)              (58)


Loss per share                                         (0.22p)           (0.58p)




Company Balance Sheet
                                                      Six Months Ended
                                                 30 June 2005      30 June 2004
                                                        £'000             £'000

Fixed assets                                              164                42

Current assets                                          1,105                 0
Current liabilities                                       (53)                0

Current assets less current liabilities                 1,052                 0

                                                        1,216                42


Share capital and reserves                              1,216                42




Company Cash Flow
                                                      Six Months Ended
                                                 30 June 2005      30 June 2004
                                                        £'000             £'000

Net cash outflow from operating activities               (322)              (58)

Returns on investments and servicing of finance             2                 0
Capital expenditure                                       (83)              (42)
Financing - issue of ordinary share capital             1,000               100

                                                          597                 0



Notes:


1   The figures for the six months to 30 June 2005 and 30 June 2004 are
    unaudited.  The financial information set out above does not constitute full
    statutory accounts within the meaning of section 240 of the Companies Act 
    1985.

2   Copies of this announcement will be sent to shareholders and will be
    available for inspection at the Company's registered office at 20-22 Bedford
    Row, London, WC1R 4JS.



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            The company news service from the London Stock Exchange              VURKAAR