Drilling Report

Persian Gold PLC
15 November 2007


Persian Gold plc.

15th November 2007

            Exploration Update on the Dalli and Chah-e-Zard Projects

Highlights
          
     O    First phase drilling completed at Dalli in Central Iran

     O    Dalli drill core being analysed at OMAC Labs in Ireland

     O    Drilling rig moved to Chah-e-Zard for a 14 hole second phase programme


Persian Gold, the Irish based gold explorer (AIM:PNG) is pleased to provide an
update on its exploration drilling projects in Iran.

The first phase drilling program at Dalli has been now completed.  An initial
four holes for a total of 1,188 metres have been drilled into this copper/gold
porphyry system located in central Iran.  Drilling went very smoothly with high
core recoveries.  The core is being logged/split onsite and the samples are then
sent to Tehran for sample preparation. Pulps are prepared in Tehran, which are
then shipped to the OMAC laboratories in Ireland for geochemical analysis.
Results are expected to be reported in the coming weeks.

The copper-gold targets at Dalli are defined by two zones of outcropping
mineralisation located 1.5 km apart.  The first two holes were located in the
southern zone of mineralisation and the second two holes targeted the northern
zone.  In all of the drill holes at Dalli, varying levels of porphyry style
alteration including potassic zones were observed.  Visible sulphide
mineralisation consisting of primarily pyrite and chalcopyrite was also seen in
the drill core.  Strong multi-phase sulphide-rich quartz stockwork from
millimetres to centimetres in thickness was present in a number of zones.  While
no assays have yet been received, these porphyry style characteristics of
alteration and sulphide mineralisation are quite positive.

The drill rig has now moved to Chah-e-Zard where a 14 hole second phase drilling
programme is underway.  First phase drilling at the Chah-e-Zard project, which
is located 350kms south of Tehran, identified a zone of very good gold grades.
The extent of this oxide gold zone is now being tested by an additional 23
trenches totalling 1,300 metres and 14 drill holes for a total of 1,000 metres.
The trenching programme is nearing completion and drilling has started.


John Teeling, Chairman of Persian Gold, commented:

'The Dalli drilling programme has gone smoothly, efficiently and on time.  The
samples will now be analysed at the world class OMAC labs in Ireland.  Visual
observation of the core during recovery and logging indicated that the target
copper/gold mineralisation is in place, but it must be emphasised that no grades
are as yet known.

While Dalli was being drilled, the Southern lobe of the Chah-e-Zard gold target
was being trenched to estimate the continuity of mineralisation at surface.  14
drill holes will now test the depth of the oxide and transition zones; targeting
an opencast heap leachable deposit.

Iran continues to be a good exploration location.  The geology is exciting, the
people welcoming, the terms attractive and the majority of the required skills
are also available.'

Information in this announcement relating to exploration results has been
reviewed by Mr. A. Babakhani, an independent geologist and consultant to Persian
Gold, who is a qualified person under AIM guidelines.


Contacts:

  Persian Gold Plc
  John Teeling                                          [phone]

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

  Blue Oar Securities Plc
  John Wakefield                                        [phone]
  Simon Moynagh


www.persiangoldplc.com



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