Interim Results

Persian Gold PLC
21 September 2006


Persian Gold plc


21st September 2006


Interim Results for the six month period to 30 June 2006


Highlights



  • Drilling programme underway on the promising Chah-e-Zard project.
  • Initial indications encouraging with the targeted rock extending at depth.
  • Results expected in the coming weeks.


The six months to June 30th 2006 saw a rapid escalation in the level of activity
undertaken by your Company.  An option to acquire a 70 per cent interest in the
Chah-e-Zard gold prospect near Yazd in Central Iran, acquired in early 2006, has
rapidly become the focus of operations.  We are currently drilling and trenching
a gold anomaly about 1 sq km in size.

Chah-e-Zard is thought to be an explosive multi-stage breccia complex in
volcanic rocks.  Very strong alteration of these rock units, which is indicative
of potential mineralization, outlines the area of focus.  Second and third stage
surface sampling has been completed and returned very good gold values.   An
elongated surface anomaly extending over an area of 1250 metres by 750 metres
has been defined by this sampling.  A significant percentage of the surface
samples contained anomalous gold with multi-gram values found over a large area.
This gold mineralization relates directly to the alteration and breccia units
identified on site.  A ten core hole drill program is now underway and is
scheduled to be completed by November of this year.

The project area, which is easily accessible all year round, has potential for a
large gold resource.  Initial indications suggest that the deposit may be
amenable to low cost heap leaching.  The gently sloping terrain is suited to
this process.  The current drill program aims to test the potential for a large
scale bulk tonnage and heap leach gold target in tandem with on going surface
exploration which it is hoped will further define extensions to the
mineralization.

Initial results from the current drilling and trenching programme will begin to
be reported in October.

While the focus is on the Yazd area, we are not neglecting Takestan.  We are
working with local authorities in Qazvin to obtain a trenching permit for the
Twin Hills prospect which does not intrude on areas of environmental importance.
We will undertake a detailed mapping programme on the Zehabad zinc - lead -
gold anomaly.

Our presence in Iran continues to provide us with a flow of opportunities.  We
are now concentrating on gold.  The Persian Gold strategy is to discover
significant volcanic hosted gold deposits similar to those discovered in South
America in the past 10 years some of which are now among the largest and most
profitable mines in the world.

We are well financed for our current phase of operations and the projected
second phase of exploration.  Further financing requirements will be a
reflection of success.

Persian Gold is committed to the long-term development of an exploration and
mining business in Iran.  The current geopolitical situation has resulted in
reduced competition for world-class projects.  Iran is a safe country.  Our
staff has been made very welcome.  We have encountered no serious or
insurmountable obstacles. Persian Gold intends to drive ahead and if possible
expand our business in Iran.

John J Teeling

Chairman

21st September



For further information please contact:

Persian Gold Plc
John Teeling                                         [phone]

College Hill
Paddy Blewer                                         [phone]
Nick Elwes                                           [phone]

Corporate Synergy
Ian Rice                                             [phone]
Craig Howie                                          [phone]



www.persiangoldplc.com


                                       Persian Gold plc
                               Financial Information (Unaudited)

                                                                        Six Months Ended
                                                                   30.06.06            30.06.05
                                                                      £'000               £'000
Company Profit and Loss
Operating Loss                                                         (67)               (116)
Investment Income                                                        13                   2

Loss before Taxation                                                   (54)               (114)
Taxation                                                                  0                   0

Loss for the period                                                    (54)               (114)

Loss per share                                                       (.10p)              (.22p)


                                                                   30.06.06            30.06.05
                                                                      £'000               £'000
Company Balance Sheet
Fixed Assets                                                            413                 164

Current Assets                                                          732               1,105
Current Liabilities                                                    (37)                (53)

Current Assets less Current Liabilities                                 695               1,052

                                                                      1,108               1,216

Share Capital and Reserves                                            1,108               1,216


                                                                   30.06.06            30.06.05
                                                                      £'000               £'000
Company Cash Flow
Net Cash Inflow from Operating Activities                              (56)               (322)

Returns on Investments and Servicing of Finance                          13                   2
Capital Expenditure                                                   (154)                (83)
Financing - Issue of Ordinary Share Capital                               0               1,000

(Decrease) / Increase in Cash                                         (197)                 597


Notes:



1   The figures for the six months to 30 June 2006 and 30 June
    2005 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.


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

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