Exploration Update

Templar Minerals Limited
14 April 2008



14 April 2008



                            Templar Minerals Limited

                     ("Templar Minerals" or "the Company")

                               Exploration Update

           Further positive results from the Adjaria Project, Georgia


Templar Minerals, the gold and base-metal exploration and production company
with operations in Fiji and the Republic of Georgia, is pleased to announce the
following exploration update for its Adjaria Gold Project in the Republic of
Georgia. 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.



Highlights



•         Phase 1 diamond drilling completed on Vaio orebody and detailed
results awaited



•         Further positive results on rock chip samples for the Varazza and
Tskalbokela target orebodies in the South of the licence area show values for up
to 11.10 g/t for gold (Au), 95.70 g/t for silver (Ag), 3.32% for copper (Cu),
4.60% for lead (Pb) and 7.28% for zinc (Zn) mineralisation



David Lenigas, Chairman of Templar, said:



"These interim result from our ongoing drill and exploration programme increase
our confidence in the reliability of the Non-JORC compliant Russian resource
estimates derived from work previously undertaken and underline the potential of
the Project in Georgia.



The full results of this Phase 1 drilling programme and an update on our plans
for the Phase 2 infill drilling programme will be announced as soon as is
practicable."



Phase 1 drilling of the Vaio Au-Ag-Zn orebody has been completed along a strike
length of approximately 500 metres. The historically-defined strike of the
targeted orebody is approximately 900 metres. Mineralised intersections have
been sampled and are to be submitted to ALS Chemex for analysis. Development of
additional access roads for the upcoming Phase 2 infill drilling is ongoing.



In addition to the gold and zinc exploration results on the Vaio Project
announced on 5 March 2008, further surface rock chip samples from the Varazza
and Tskalbokela areas have yielded the following assay results:



  • 11.1 g/t Au over 1 m
  • 5.38 g/t Au over 1 m
  • 2.91 g/t Au over 1 m



  • 1.25 % Cu average over 4m, maximum 4.4 % over 1 m
  • 2.06 % Cu over 1 m
  • 3.32 % Cu over 1 m
  • 0.90 % Cu average over 3 m
  • 1.69 % Cu average over 4m, maximum 6.24 % over 1 m
  • 1.07 % Cu 1 m
  • 1.29 % Cu average over 3 m
  • 1.10 % Cu average over 7m, maximum 4.57 % over 1 m



  • 2.25 % Pb average over 2 m
  • 4.60 % Pb over 1 m



  • 7.28 % Zn average over 2 m
  • 6.99 % Zn over 1 m
  • 1.14 % Zn over 1 m



  • 95.70 g/t Ag over 1 m
  • 30.90 g/t Ag over 1 m
  • 29.70 g/t Ag over 1 m
  • 18.95 g/t average over 2m



These results confirm the earlier work undertaken by Russian and Georgian
geologists and will assist in targeting the best mineralization within the
Varazza and Tskalbokela areas. The geochemical data suggests that a number of
potentially economic, polymetallic mineralized zones may exist in the southern
target areas. The geochemistry indicates the presence of elevated gold, silver
copper, lead and zinc over a broad area within the licence area. It is
anticipated that the drilling will indentify a series of continous structurally
controlled orebodies that can be developed into a tangible mineral resource.



Historic exploration by Russian and Georgian geologists on the Adjaria licence
area included the excavation of a system of adits that will be re-opened.



All samples are being submitted to the ISO certified ALS Chemex laboratories in
Rosia Montana, Romania, Izmir, Turkey and Vancouver, Canada for Gold and Base
Metal analysis.





Contacts:


Templar Minerals
David Lenigas, Chairman                             Tel:[phone]


Beaumont Cornish
Roland Cornish                                      Tel: [phone]
Rosalind Abrahams

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

Adit                      An adit is a type of horizontal or nearly horizontal 
                          excavation, generally developed for exploration or 
                          mining into the side of a mountain

Au                        Gold

Ag                        Silver

Zn                        Zinc

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


HQ Core                  Core from a Diamond drill hole that is 63.5 mm in diameter

Polymetallic Mineral     A mineral deposit consisting of polymetallic ore is the 
Deposit                  source of more than one metal suitable for recovery






Forward-Looking Statements:



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and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.



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statements, which speak only as of the date they are made.




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