Niger Expansion

GCM Resources PLC
10 April 2008


   
                                 PRESS RELEASE

                               GCM Resources plc

10th April 2008
                          GCM and AURA EXPAND INTO NIGER





GCM Resources plc (AIM: GCM), in alliance with Aura Energy Limited (ASX: AEE),
is pleased to announce that applications for three uranium exploration permits
have been lodged, and accepted by the Department of Mines in Niger. The
applications cover geological settings favourable for uranium mineralisation in
the Tim Mersoi Basin in Niger.


Niger is located in western Africa and is the world's fourth largest uranium
producing country (3,434tU in 2006 according to the World Nuclear Association).
Cumulative production to date stands at approximately 100,000 metric tons
uranium, making Niger one of the world's most important sources of uranium. The
Niger Government actively encourages uranium exploration and mining, with
currently two new mines under development. All current production in Niger is
from sandstone hosted deposits within sediments of the Tim Mersoi Basin, which
are adjacent to and overlie rocks of the Air Massif. The Tim Mersoi Basin has
attractive uranium grades typically grading 0.3 to 0.6% U3O8. Therefore the
abundance of uranium in the district, the attractive grades, and the relative
paucity of exploration clearly make this area an attractive exploration target.



The application areas permitted to Aura/GCM are known as Ebadargene 1, 2 & 3. As
far as Aura/GCM is aware the areas have had no meaningful previous exploration.
The application areas lie just south of the Air Massif, close to alkaline
volcanic and intrusive rocks within the Massif. A number of uranium deposits and
occurrences lie within these structures. The Aura/GCM areas contain a swarm of
east-northeast fault structures which further to the west around Agadez are
known to contain uranium and associated copper. The application areas therefore
appear to contain extensions to known mineralised structures.



An airborne radiometric / magnetic survey has recently been flown under European
Aid funding over the Air Massif, and the data is soon to be publically released.
The survey covers part of Aura/GCM's northern application area.



Steve Bywater, Chief Executive Officer, comments;



'We are pleased to announce the agreed permitting for exploration in this highly
prospective mineralised region of Tim Mersoi Basin in Niger. This is a
progressive step in the Aura / GCM African Uranium Alliance.'




For further information contact:



GCM Resources plc:                Pelham Public Relations:
Steve Bywater                     Charles Vivian
Chief Executive                   Ph: [phone]
Ph: [phone]           Email: [e-mail]



Graham Taggart                    Klara Kaczmarek
Finance Director                  Ph: [phone]
Ph: [phone]           Email: [e-mail]



JP Morgan Cazenove:
Nominated Advisor
Michael Wentworth-Stanley
Ph: [phone]


Charlotte Keenan
Ph: [phone]



Notes to Editors:


Aura / GCM African Uranium Alliance.


On behalf of its Uranium Alliance with GCM, Aura has been actively developing
high quality uranium exploration targets in West Africa since April 2007.  The
Alliance brings together the technical uranium experience, targeting and
exploration skills of Aura with the project development and mining experience of
GCM. The Alliance is managed and exploration conducted by Aura with funding
provided jointly by Aura and GCM in cash and in kind. GCM's obligation is to
provide funding of £165,000 for the first two years' activities of the alliance.
Projects generated by the Alliance are initially solely funded by GCM, with Aura
retaining the right to participate in any Joint Venture with 30% (or, at Aura's
election, lower) interest.


About GCM Resources plc:


GCM Resources plc is a London based company quoted on the London Stock
Exchange's Alternative Investment Market ('AIM').  The Company is strategically
focused on coal and related investments across a range of geographical locations
including: South Africa, Bangladesh and China with the aim of sourcing potential
opportunities that offer near return whilst mitigating risk through the
development of a diverse portfolio of assets. Primarily focused on the
exploration and development of coal deposits the Company also targets related
infrastructure such as power plants and telecommunications networks to build on
related areas of the coal mining industry and support local development.



For further information: www.gcmplc.com



About Aura Energy Limited:


Aura Energy Limited is an ASX listed uranium exploration company, very active in
evaluating uranium occurrences in Sweden, the Yilgarn Province and Gunbarrel
Basin in Western Australia, as well as in West Africa.



For further information: www.auraenergy.com.au














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