Correction : Final Results

This announcement replaces the earlier announcement released today at 14.27,
this is due to some character corruption in the balance sheet and cash flow
statement. No other changes were made.



                                                          For Immediate Release

                                                                  25 April 2007

                                SILENTPOINT PLC                                

                       ("Silentpoint" or "the Company")                        

            Preliminary results for the year ended 31 October 2006             

Silentpoint today announces its results for the year ended 31 October 2006.

Highlights:

  * Profit before tax : £27,470 (2005: £131,687);
   
  * Earnings per share 0.12p (2005: 0.66p);
   
  * Cambrian Oil PLC acquires 22 per cent. in MEO Australia, an emerging LNG/
    methanol producer;
   
  * Cambrian Oil PLC acquired by AIM listed Xtract Energy since the period end;
   
  * India Star Energy PLC continues to develop its platinum, palladium and
    uranium assets; and
   
  * Net cash of £424,676 as at 31 October 2006;
   
Further Enquiries:

Silentpoint plc                                                              
                                                                             
Smit Berry                                                 Tel: [phone]
                                                                             
Haresh Kanabar                                             Tel: [phone]
                                                                             
John East & Partners Limited                               Tel: [phone]
                                                                             
David Worlidge/Simon Clements                                                

Chairman's statement

I am pleased to present our results for the year ended 31 October 2006.

The Company made a profit for the period of £27,470 before taxation (2005: £
131,687) but after allowing for a non-cash provision for £129,360 for
diminution in the value of certain trading shareholdings. The pre-tax profit
takes into account gains from share disposals and interest receivable on the
Company's cash balance. After funding share buy backs, net assets at the year
end were £1,373,661 (2005: £1,466,295), which includes net cash of £424,676
(2005: £633,715).

Last year we cautioned that the market for natural resource companies would
polarise in favour of those companies which were at production stage and away
from those that were at exploration stage. The reduction in profit before tax
reported for this period is mostly due to the fact that the market prices for
two of our significant shareholdings in this sector stood at a low point at the
end of October 2006.

In line with Silentpoint's previous conservative policy, we do not revalue
upwards our holdings in shares until disposal but hold these on the balance
sheet at the lower of cost or net realisable value. For example, shares in
India Star Energy Plc were standing at a mid price of 0.73p (compared to an
average cost of 0.80p) and those in Cambrian Oil & Gas were standing at 3.5p
(compared to an average cost of 4.37p) as at 31 October 2006. They were written
down accordingly. Shares in both these companies have recovered since, but are
still held in the balance sheet at 31 October 2006 at the written down value.

Since the year end, Cambrian Oil & Gas PLC ("COIL") has been acquired in a
share-for-share offer by AIM-listed Xtract Energy PLC ("Xtract") and has become
a wholly-owned subsidiary of Xtract. COIL held several oil and gas projects in
the Krygz Republic at this time last year although the potential for these
prospects has been dwarfed by the 22 per cent. interest which it acquired
during the year in MEO Australia, an emerging LNG/methanol producer. MEO
Australia offers COIL high risk exposure to the development of two world scale
gas to liquids projects which have already received critical approval from the
Australian Government. Although the potential for this project is somewhat
diluted by becoming part of a larger operation, Xtract is expected to provide
COIL with greater resources to develop its projects.

India Star Energy PLC ("INDY"), which holds a direct joint venture interest in
a uranium property as well as interests in two Canadian companies which provide
exposure to platinum, palladium and copper exploration, continues to fare well.
In March 2007, INDY reported that it had experienced significant drilling
success with a major copper zinc discovery at one property. Progress is also
being made on developing its uranium asset.

Elsewhere, we continue to deploy the remainder of our assets in a spread of
quoted companies across a number of sectors which the Board feel have prospects
for enhancing our returns.

Dividend and share buy-backs

No dividend is being proposed at this time as the Board believes it prudent to
continue to deliver capital growth for shareholders.

As part of this process, in line with our commitment at last year's AGM,
Silentpoint bought back for cancellation 1,570,000 shares at a total cost of £
121,029 during the year to 31 October 2006.

Following these transactions, there was an average of 16,797,083 shares in
issue during the year. The Directors will continue to monitor the position and
will, if appropriate, make further purchases of the Company's own shares.

Outlook

Most asset classes appear overvalued in the short term and with interest rates
finally rising and growth slowing, valuations are set to become more
compelling. Our strong cash balance therefore positions us well for
opportunities up ahead. I thank shareholders for their commitment.

Haresh Kanabar

Chairman

25 April 2007

PROFIT AND LOSS ACCOUNT

For the year ended 31 October 2006

                                            Notes           2006         2005
                                                                             
                                                               £            £
                                                                             
Turnover                                                 245,910      203,974
                                                                             
Diminution in value of stocks                          (129,360)     (20,000)
                                                                             
Other operating expenses (net)                         (111,595)     (84,426)
                                                                             
Operating profit                                           4,955       99,548
                                                                             
Other interest receivable and similar                     22,515       32,139
income                                                                       
                                                                             
Profit on ordinary activities before                      27,470      131,687
taxation                                                                     
                                                                             
Taxation                                                 (6,661)     (16,274)
                                                                             
Profit on ordinary activities after                       20,809      115,413
taxation being retained profit for the                                       
year                                                                         
                                                                             
Earnings per share - basic and diluted        3            0.12p        0.66p

The operating profit for the year arises from the Company's continuing
operations.

No separate statement of total recognised gains and losses has been presented
as all such gains and losses have been dealt with in the profit and loss
account.

BALANCE SHEET

As at 31 October 2006

                                                            2006         2005
                                                                             
                                                               £            £
                                                                             
Fixed assets                                                                 
                                                                             
Fixed asset investment                                         1            -
                                                                             
Current assets                                                               
                                                                             
Stocks                                                   792,088      766,914
                                                                             
Debtors                                                  189,592       96,240
                                                                             
Cash at bank and in hand                                 424,676      633,715
                                                                             
                                                       1,406,356    1,496,869
                                                                             
Creditors: amounts falling due within one year          (32,696)     (30,574)
                                                                             
Net current assets                                     1,373,660    1,466,295
                                                                             
Total assets less current liabilities                  1,373,661    1,466,295
                                                                             
Capital and reserves                                                         
                                                                             
Share capital                                            318,600      350,000
                                                                             
Share premium                                          1,076,496    1,076,496
                                                                             
Capital redemption reserve                                31,400            -
                                                                             
Profit and loss account                                 (52,835)       39,799
                                                                             
Shareholders' funds - equity interests                 1,373,661    1,466,295

CASH FLOW STATEMENT

For the year ended 31 October 2006

                                                               2006        2005
                                                                               
                                                                  £           £
                                                                               
Net cash outflow from operating activities                 (94,250)   (249,001)
                                                                               
Returns on investments and servicing of finance              22,515      32,139
                                                                               
Taxation                                                   (16,274)           -
                                                                               
Management of liquid resources                              180,282     205,908
                                                                               
Financing                                                 (121,029)           -
                                                                               
Decrease in cash in the year                               (28,756)    (10,954)
                                                                               
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS                       
                                                                               
Decrease in Cash in the Year                               (28,756)    (10,954)
                                                                               
Cash (outflow)/inflow from increase in liquid              (25,748)     407,793
resources                                                                      
                                                                               
Change in net funds resulting from cash flows              (54,504)     396,839
                                                                               
Non-cash movement of funds                                (129,360)    (20,000)
                                                                               
Movement in Net Funds in the Year                         (183,864)     376,839
                                                                               
Net Funds at 1 November 2005                              1,400,629   1,023,790
                                                                               
Net Funds at 31 October 2006                              1,216,765   1,400,629

Notes to the Preliminary Results

 1. The financial statements have been prepared under historical cost
    convention and in accordance with applicable accounting standards.
   
 2. No dividend is proposed for the year ended 31 October 2006.
   
 3. Basic earnings per ordinary share have been calculated using the weighted
    average number of shares in issue during the financial year. The weighted
    average number of equity shares in issue is 16,797,083 (2005: 17,500,000)
    and the profit after tax is £20,809 (2005: £115,413) The diluted earnings
    has been calculated using the weighted average number of shares in issue
    16,897,083 taking into effect the dilutive share options outstanding. As
    the resulting earning per shares equates to the basic earnings per share a
    separate line has not been included on the profit and loss account
   
 4. The financial information set out in this preliminary announcement does not
    constitute statutory accounts as defined in Section 240 of the Companies
    Act 1985. The profit and loss account for the year ended 31 October 2006,
    the balance sheet as at 31 October 2006 and the cash flow statement and
    associated notes for the year then ended have been extracted from the
    Company's financial statements upon which the auditors have given an
    unqualified audit report. Those financial statements have not yet been
    delivered to the Registrar of Companies. The 2005 accounts have been
    delivered to the Registrar of Companies and the auditors reported on them,
    their report was unqualified and did not contain a statement under Section
    237(2) or (3) of the Companies Act 1985.
   
 5. Copies of the annual accounts are being sent to shareholders and are
    available from the Company's registered office, 84 Addiscombe Road,
    Croydon, Surrey CR0 5PP.