Exploration Update - Georgia

Templar Minerals Limited
13 November 2007




13 November 2007


                            Templar Minerals Limited
                          ("Templar" or the "Company")

           Initial exploration results from the Adjaria Gold Project


Templar Minerals ("AIM: TMP") is pleased to announce results from the analysis
of samples from the Adjaria Project in the Republic of Georgia:


• Nine metres of continuous channel sampling across the orebody averaged
  a gold value of 3.11g/t with a maximum value of 7.98 g/t;

• Eight metres averaging 0.95 g/t with a maximum of 2.85 g/t;

• Sample area of approximately 1.5km has a background gold grade of
  approximately > 0.5g/t; and

• Additional highly prospective areas within the 110km2 licence area in the 
  Adjaria Project are now being sampled for both gold and base metals.


David Lenigas, Chairman said: "The initial exploration sample results at
Adjaria has returned very encouraging gold values. Together with the
substantial body of information available from the Soviet era it is clear that
the Project has the potential to become a significant minable gold resource. We
are accelerating the exploration programme with drilling anticipated for the
first Quarter of 2008."

Some 300 chip samples were collected from appropriate sites on the Adjaria
Project between August and September 2007. These confirmatory samples were
submitted to the ISO certified laboratory, ALS Chemex in Turkey, in order for
gold assay and multi-element analysis to be undertaken.

Specific technical reporting of true widths and grades on appropriate maps and
plans will be released as the future work programme proceeds and base metal
analysis results from the 300 chip samples are expected shortly.

Historic non- JORC compliant Russian resource estimates indicated a total
mineral resource for the Adjaria Project of: Copper 74,800 tonnes, Lead 15,000
tonnes, Zinc 11,000 tonnes, Gold 0.652 tonnes and Silver 15.1 tonnes. The source
of the data was from Russian generated reports which were assessed by Venmyn
Rand (Pty) Limited (independent specialist advisor in mineral project valuation
and statutory compliance) and reported upon in their Independent Prospectivity
Report dated 5th July 2007. Since this historic work provided an indication of
gold and base metal potential further exploration to international standards was
recommended to support the original estimates.


Work Programme

Further sampling is being undertaken to verify data from other sites of equal
interest on the licence area.  An exploration team of five geologists are
presently managing the work programme and maintaining internationally certified
laboratories and exploration standards to ensure that the work is fully
compliant.

A full-scale rigorous sampling and mapping program will shortly commence to
identify drilling targets. Templar intends to initiate a drilling programme by
the end of Q1 2008 to determine the full extent of the mineralisation.  No
winter weather or climatic restrictions are expected.



Contacts:

Templar Minerals
David Lenigas, Chairman                      Tel: [phone]
Ian Stalker,  Non Exec-Director              Tel: + 27 11 783 5056


Beaumont Cornish                             Tel: [phone]
Roland Cornish


Financial Dynamics                           Tel + 44 (0) 20 7831 3113
Ben Brewerton


The information contained in this announcement has been reviewed by Keith Kenyon
AUS IMM, Geochemical Consultant to Templar Minerals. He is the Qualified Person
overseeing the geochemical exploration at the Adjaria Gold Project. Mr. Kenyon
has 36 years experience in gold exploration and geochemistry and he is
undertaking to act as a Qualified Person for the purposes of this announcement.




GLOSSARY

Geochemistry        The study of  the chemistry of geological materials

Multi-element       Techniques of chemical analysis whereby  many elements are 
analysis            analysed  at the same time,

Au                  Gold

Base Metals         A metal which oxidises when heated in air, e.g. lead, 
                    nickel, copper, tin, zinc, as opposed to noble metals 
                    such as gold and platinum.

g/t                 Grams per tonne



BACKGROUND

Templar Minerals is a gold and base metal exploration, mining and investment
company.  The Company has a 90% interest in the Adjaria Gold Project in Georgia
and a 5% indirect interest in the Vatukoula Gold Mine in Fiji.  In addition the
Company has approximately US$5.5 million in cash.


Vatukoula Gold Mine, Fiji

Templar now holds 26.18% of River Diamonds plc ("River Diamonds"). River
Diamonds indirectly owns a 19% interest in the share capital of Westech which,
through its wholly owned direct and indirect subsidiaries, owns the mining
rights and associated assets of the Emperor Gold Mine in Fiji, also known as the
Vatukoula Gold Mine.

River Diamonds announced on the 1st November 2007 that Westech Pty Ltd 
("Westech") has poured 503 ounces of gold, extracted from the commissioning of 
the mineral processing circuit at the Vatukoula Mine in Fiji. This represents the
first gold poured from the operations since the mine was placed on care and
maintenance programme last December.

River Diamonds also announced that the operational shafts have now been
re-commissioned and the ore and waste passes will be ready over the next week.
Westech anticipates the first underground blast to occur in the next three weeks
in readiness for the plant commissioning scheduled for late November.


Adjaria Gold Project, Republic of Georgia

This Brownfield project contains numerous exploration adits and a preliminary
historical sampling database together with a large and as yet unexplored
Greenfields target area with excellent prospectivity.

Historic Russian resource estimates indicated a total mineral resource for the
Adjaria Project of: Copper 74,800 tonnes, Lead 15,000 tonnes, Zinc 11,000
tonnes, Gold 0.652 tonnes and Silver 15.1 tonnes. The source of the data was
from Russian generated reports which were assessed by Venmyn Rand (Pty) Limited
("Venmyn"), an independent specialist advisor in mineral project valuation and
statutory compliance, reported upon in their Independent Prospectivity Report
dated 5th July 2007. Since this historic work provided an indication of gold and
base metal potential further exploration to international standards was
recommended to support the original estimates.

The Adjaria Project has several logistical advantages including abundant water,
power, skilled labour, and excellent access to major centres. The port of Batumi
is 65km away. A local office has been established and is operational with
qualified staff, vehicles and access to world class analytical laboratories.
Active exploration is underway.

Venmyn, an international independent consultancy, has concluded "the
prospectivity of the Adjaria Project is moderate to high. The country risk
factors are not unduly negative and logistically the prospect has numerous
advantages. The geological setting and epithermal genesis are favourable for the
development of potentially economically viable deposits, as evidenced by the
Madneuli mine."

The Madneuli mine in the southern Bolsini region of Georgia and the Kislag mine
in Turkey occur in similar geological settings as the Adjaria licence. Madneuli
has recently been privatised and it is the largest mining operation in the
country.

Georgia is developing as an investor friendly, low cost mining environment. The
Ministry of Environment Protection and Natural Resources has granted the
Extraction licence and the Ministry has been helpful in providing support to
investors.


Forward-Looking Statements:

This press release contains statements that are "forward-looking". Generally,
the words "expect," "intend," "estimate," "will" and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements. Statements in this press release regarding the
Company's business or proposed business, which are not historical facts, are
"forward looking" statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.

Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.





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