Admission to AIM

Obtala Resources PLC
24 April 2008

                                                                   24 April 2008



                OBTALA RESOURCES PLC ('Obtala' or the 'Company')

      FIRST DAY OF DEALINGS ON THE AIM MARKET OF THE LONDON STOCK EXCHANGE


Obtala is the holding company of a mineral exploration and development group 
('the Group') that has an initial focus on gold, nickel, copper, iron ore and
uranium opportunities in Tanzania, East Africa. The Group is led by a board of
directors, who have experience of operating resources companies in emerging
markets. The Group's objective is to commence the exploration of its portfolio
of mineral assets and ultimately to increase the value of its Mineral Assets
through the development of resources estimates and, where appropriate, commence
production of the economically feasible Mineral Assets.


Admission Statistics

Placing Price                                           20p

Number of Placing Shares                         17,500,000

Number of Ordinary Shares in issue              177,500,000
immediately following Admission

Percentage of Enlarged Ordinary Share         9.9 per cent.
Capital on Admission represented
by the placing shares

Market capitalisation of the Company            £35,500,000
on Admission at the Placing Price
     
Gross proceeds of the placing                    £3,500,000

TIDM                                                    OBT



Zimmerman Adams International Limited is acting as the nominated adviser and
broker for the Company.

Definitions used in this announcement will have the same meanings, unless the
context requires otherwise, as those used in the AIM admission document of the
Company dated 17 April 2008.


Contact
Michael Bretherton                                      [phone]
www.obtalaresources.co.uk

Obtala Resources plc

Ray Zimmerman/Jonathan Evans                            [phone]

Zimmerman Adams International Ltd
Nominated Adviser and Broker



The Group's strategy

The Group's strategy will focus on working with local partners who will be
actively engaged in the process of exploration. The board of directors intend to
utilise both internal and external expertise to develop the Mineral Assets while
maintaining a disciplined asset and cost base.

The Group currently holds a portfolio of exploration assets in Tanzania
comprised of exclusive or majority interests in a total of 18 licences covering
a total area of over 3,700 km2. The Mineral Asset Properties cover prospective
mineralisation targets including gold, nickel, copper, iron ore and uranium.
There has not yet been any significant exploration work on the Mineral Asset
Properties and therefore no resources estimates have been formulated. Following
an initial period of drilling and sampling the Group will evaluate the results
with a view to formulating indicative resources estimates.


Details of the licences

Type of resource                     Number of licences
Gold                                         9
Nickel                                       2
Copper                                       3
Iron Ore                                     1
Uranium                                      3

The Group will allocate capital to the exploration of assets across its Mineral
Asset Properties with the priority of identifying the potential of each Mineral
Asset and assessing the value creation for its Shareholders.

The Group may use the proceeds of strategies to enhance Shareholder value such
as developing a Mineral Asset using its own team, development in partnership
with other groups or a disposal of a Mineral Asset where appropriate. In
implementing its strategy the company will focus on those of its Mineral assets
which are identified, following initial sampling and drilling, as having the
greatest potential for creating shareholder value.


Use of Proceeds

The Group intends to use the proceeds of the Placing for general working capital
requirements and funding of the exploration, with initial work focused on the
Rulenge Nickel Licence and the Lake Victoria Gold Field Licences. The Group
continues to evaluate new mineral assets and whilst there are no specific
acquisitions under consideration the Group may allocate a proportion of the
Placing Proceeds for future acquisitions.


The Board

The Board comprises of Frank Scolaro (as Executive Chairman), Michael Bretherton
(as Finance Director), James-Ede-Golightly and James Bain (both of whom are
Non-Executive Directors).




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