Fiume Bruna permit awarded

Issued by First City Financial (UK) Ltd

                                     Independent Resources plc

                            ("Independent Resources" or the "Company")

Further  to  the announcement of 22 April 2008, Independent Resources plc, the AIM-quoted  natural
gas  and  exploration company has won clearance to drill multiple wells for production testing  at
its Fiume Bruna coalbed methane (CBM) project in northern Italy.

The  Tuscan Regional Government has approved an application to drill up to eight new wells  within
an  agreed  area, and to acquire new seismic data. It is also passing its approval on  to  Italy's
Ministry  of  Economic Development which, it is hoped, will formalise the Fiume Bruna  exploration
permit by ministerial decree.

Results  from  earlier  seismic  and  appraisal work, including  the  drilling  and  coring  of  a
stratigraphic  borehole late in 2006, have produced a resource estimate for  Fiume  Bruna  of  170
billion cubic feet, with a recoverable resource of 92 billion cubic feet.

The  project also carries the longer term potential to become a permanent storage site for  carbon
dioxide  (CO2).  Adding an environmental benefit has attracted positive interest from  within  the
Tuscan  Regional  Government, local administrations, and regional industrial stakeholders.  A  CO2
injection  programme  will  both reduce the potential impact of CO2 emissions  on  global  climate
change and enhance methane production.

Independent  Resources  plc  (IRG)  Executive Chairman  Grayson  Nash  said:  "This  new  approval
constitutes  a  key permitting milestone, and we are delighted that our patience, hard  work,  and
thoughtful  attention to finding political consensus has carried us through this important  stage.
Fiume  Bruna  is a potentially significant resource, and we believe this new success reflects  our
innovative approach to unconventional resources and sustainable development"

At  Fiume  Bruna,  IRG  is  working alongside Norwest Questa Engineering  ("NQE"),  a  leading  US
consultancy  group with specialist CBM expertise. The next phase of the project will  involve  the
acquisition  and processing of new seismic data and the drilling of the first well to  be  put  on
long-term production test. The main purpose of this test is to determine gas production and  water
flow  rates from the coal. Detailed planning for this work has continued with NQE throughout  2007
and  into  2008 and is expected to be put into effect later this year. Rigs and service  companies
available  to  carry  out the work have been short-listed, and negotiations  are  in  progress.  A
seismic acquisition and processing contractor has been engaged.

For further information contact:

Stephen Staley, Managing Director, Independent Resources plc:               01332 865 253
                                                                        07771 838 753
Allan Piper, First City Financial Public Relations:                        020 7242 2666
Jon Hinton/David Smith, Deloitte Corporate Finance (NOMAD)          020 7936 3000

Background details follow:

The  preliminary award of the Fiume Bruna permit was made to Independent Energy Solutions  srl  (a
wholly-owned  subsidiary  of  IRG)  in 2005. Since then the Company  has  drilled  the  first  CBM
stratigraphic borehole in Italy and collected representative coal samples from within the body  of
the  coal  deposit.  These have been subjected to a wide range of state-of-the-art  techniques  to
arrive  at  the  resource estimates and other vital parameters that underlie our understanding  of
this coal and its CBM potential.

The  Fiume  Bruna permit covers some 267 km2, a large part of which is underlain by  virgin  coal.
This  generally  occurs in one 7 metre thick seam and was the object of mining activity  for  many
years until forced abandonment of mining in the 1950s due to the coal's high methane content.  The
mineworkings only touched one small area of the overall coal deposit leaving the rest as potential
CBM-producing areas.

IRG  was  admitted  to  AIM in December 2005 and is pursuing an integrated  and  asset-backed  gas
trading business in Italy with midstream components in Italy and upstream components within  Italy
and  in North Africa. Along with Fiume Bruna, these include the planned Rivara natural gas storage
facility in the Po Valley, and exploration acreage at Ksar Hadada in Tunisia. The Company aims  to
pursue this long-term strategy in the most environmentally-sustainable way, by incorporating  from
the  outset  the  permanent  geological storage of CO2 into its future  commodity  production  and
trading.  IRG has focused on building a profitable portfolio through wholly-owned initiatives  and
partnerships.

Independent Resources plc