Drilling Report

Persian Gold PLC
29 November 2006

                               Persian Gold plc.



             Drilling Results from Chah-e-Zard Gold Project in Iran



•     Seventeen hole programme completed

•     Early stage exploration programme suggests cautious optimism

•     Gold assays recovered from six holes - mineralisation in five

•     One hole intersected 122 metres at 1.95g/t including 10 metres at 13.6g /t

•     Surface trenching has uncovered additional gold bearing structures



Persian Gold plc, the Irish based AIM listed company (AIM:PNG) which owns an
option to acquire 70% of the Chah-e-Zard gold project in Yazd, Iran, is pleased
to announce that assay results for the first six drill holes and multiple
surface trenches have been received.



The Chah-e-Zard project is located 350 kilometres southeast of Tehran and
consists of a circular complex of multiple-stage breccias hosted in altered
volcanics.  Located along the edge of this feature, the Zard gold target is
developed where the breccias cut a pre-existing intrusive dome complex.  The
initial drilling is a scouting programme to better outline the shape and scope
of the resource.



Gold and silver results have been received for the first drill hole (ZDH-1) and
gold assays have been received for holes ZDH-2 through ZDH-6 (Figure 1).  All
other assays are pending.



Figure 1 - Chah-e-Zard Drill Results


Hole         Depth from        Depth to       Interval     Silver grade           Gold grade
ZDH-1        138m              178m           40m          49.3 g/t average       1.24 g/t average
                               of which       16m          92.2 g/t               2.37 g/t
ZDH-2        45m               85m            40m                                 0.43 g/t
ZDH-3        102m              224m           122m                                1.95 g/t
                               of which       10m                                 13.60 g/t
                               and            6m                                  5.19 g/t
ZDH-4        50m               68m            18m                                 0.66 g/t
ZDH-6        18m               56m            38m                                 0.15 g/t



All drill holes were inclined at -60 degrees from horizontal and core sampling
was conducted on 2 metre intervals of cut quarter core.






The Company has also received gold assays from multiple surface trenches.  These
contain intercepts of 10 metres at 2.25 g/t, 4 metres at 9.58 g/t, 4 metres at
4.42 g/t, 12 metres at 0.97 g/t, 40 metres at 0.43 g/t, 20 metres at 0.69 g/t
and 12 metres at 0.49 g/t.



All gold and silver analyses are being carried out by OMAC Labs in Ireland.



John Teeling, Chairman of Persian Gold, commented:



'These initial drilling results are a good start to our scouting drill programme
and show that the gold mineralisation, found on the surface, extends to
significant depths.



These results need to be put in context. The Chah-e-Zard anomaly covers over
1.25km x 0.75km so results from a few holes, whilst encouraging, require further
work. We await results from the remaining holes with interest.'



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





For further information please contact:


Persian Gold Plc
John Teeling                                         [phone]

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

Corporate Synergy
Ian Rice                                             [phone]
Craig Howie                                          [phone]





                             www.persiangoldplc.com




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