Trading Statement

Alba Mineral Resources PLC 27 April 2007 Alba Mineral Resources plc ('Alba' or the 'Company') Trading update The Company previously announced on 3 January 2007 that the exploration efforts on its existing project portfolio would be within the constraints of the financial resources available and that the Company would be seeking to raise additional funds to actively pursue and explore these existing projects. The Company wishes to announce that it is continuing to seek additional funding to pursue these objectives and until this funding is in place the Company will, in the short term, downgrade active fieldwork exploration on the existing licences and permits, whilst maintaining the portfolio of assets. Alba will continue the programme of desktop research, analysis and studies using its existing in-house team. A further announcement will be made in due course. ENDS Enquiries Michael Nott, Managing Director Alba Mineral Resources plc Tel: +44 (0) 20 7495 5326 Liam Murray, Nominated Adviser City Financial Associates Tel: +44 (0) 20 7090 7800 Notes to Editors Alba Mineral Resources plc is a committed, technically driven explorer with a commodity focus on uranium, nickel and gold. Alba currently has interests in a number of well researched properties owned in its own right or in conjunction with other parties, primarily in Scotland, Mauritania and Sweden. The Company also has gold and base metal interests in Scotland and Ireland. The Company's overall corporate and exploration strategy will continue to be one of developing a portfolio of well-researched, promising and prospective exploration properties that will be pursued further, either in the Company's own right or in conjunction with other parties. To create value, projects will be either sold outright (in whole or part), spun off into a separate company, joint ventured to include a cash consideration and/or a 'Net Smelter Return' or developed into operating mines. The Company will have a principal focus on the Arthrath nickel-copper-platinum group metals project in Scotland, uranium and copper-gold in Mauritania, and nickel and copper-gold in Sweden. This information is provided by RNS The company news service from the London Stock Exchange
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