Update on Adjara, Georgia

Templar Minerals Limited

11 August 2008

 



For Immediate Release                                                                                                              11 August, 2008

Templar Minerals PLC

("Templar" or the "Company")

Update - Georgia

Templar withdraws all Staff from Georgia due to Current Security Situation.

Templar Minerals (AIM: TMP), advises that it has temporarily withdrawn the majority of its personnel from its Adjara gold and base metals exploration project in Georgia due to the current security situation.  Adjara is situated in southern Georgia on the Turkish border.  Templar acquired a 90% interest in the Adjara project in September 2007. 

Templar are maintaining a limited local presence thereby minimising the Company's expenditure commitments. Communications have been sent to the Government of Georgia advising them of the Company's position.

The Company will be closely monitoring the situation on the ground and will advise the market of any changes. The Adjara project is still in the initial stages of its development with Phase 1 drilling having been completed, as set out in the announcement dated 12 June 2008

Contacts:

Templar Minerals Limited:    [phone]

Gordon Cassidy, Finance Director

Beaumont Cornish Limited: [phone]

Roland Cornish, Rosalind Hill Abrahams

 

END

 

 

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