CMR Cambridge Mins.

    FOR:  CAMBRIDGE MINERAL RESOURCES PLC

AIM SYMBOL:  CMR

January 25, 2008

Financing Secured for Development of Colombian Gold Mines

LONDON, UNITED KINGDOM--(Marketwire - Jan. 25, 2008) - Cambridge Mineral Resources plc (AIM:CMR)("the
Company"), the mining and exploration company, announces that it has completed financing arrangements for the
development of up to three of its gold mine projects in Colombia.

The finance, for up to a total of US$ 15 million, is in the form of prepayments for gold under a Pre-Payment
Agreement (the "Agreement") under which CMR is obliged to make available gold (or the US$ value of such gold)
over a period of approximately 30 months following each mine start.

The proceeds from the first prepayment, totalling US$ 5.5 million, will be used to bring CMR's Quintana gold
mine into production, and to develop two further gold mine projects towards feasibility study stage. In respect
of the first prepayment, CMR is to make a total of 11,750 ozs gold available, representing approximately 25% of
estimated total production during the term.

The Company has now exercised its option on Quintana, where production is planned to commence during 2008, at
an initial rate of 16,500 ozs of gold per annum.

The proceeds from two further prepayments, totalling up to US$ 9.5 million, will be available to the Company
upon achieving successful feasibility studies on two of the further gold mine projects that CMR currently holds
under option in Colombia. The Company will progress the development of these projects during 2008.

Under the terms of the Agreement, each prepayment will be accompanied by the grant of warrants in the Company,
equivalent upon exercise to 15% of the issued capital for the first prepayment, 10% for the second prepayment
and 5% for the third prepayment. The warrants, in respect of the first prepayment, are to be granted at an
exercise price of 3.75p, and warrants in respect of the subsequent prepayments are to be granted at the same
percentage premium to the market price as that of the first prepayment. The Company will seek shareholders'
approval to the increase in directors' authority necessary to grant the warrants required under the Agreement.

Colin Andrew, Managing Director, Cambridge Mineral Resources plc, commented:

"Completion of this finance arrangement is a major step forward for CMR and we are very pleased to have
Bluecrest, one of the top three Hedge Funds in Europe, working with us at this important stage of the Company's
development.

"These funds will enable us to bring our first three Colombian mines into production over the next 18 months,
which is in line with our previously stated target of achieving annual gold production of 100,000 ozs.
Construction of the infrastructure and facilities at Quintana is due to commence shortly with production
scheduled to commence in mid-2008."

Editors' Note

Cambridge Mineral Resources plc is an AIM-quoted mining and exploration company.

CMR's principal focus is the exploration for, and production of, precious metals in South America. It also owns
interests in gold, copper, zinc and uranium projects in Europe.

The Company has a strong portfolio of mineral projects at varying stages of commercialization, supporting its
strategy of providing shareholders with attractive upside opportunities.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Cambridge Mineral Resources plc
Colin Andrew
Managing Director
020 7663 5618
Website: www.cambmin.co.uk

OR

Ruegg & Co Limited
Gavin Burnell / Brett Miller
Nominated Adviser
020 7584 3663

OR

Hichens, Harrison and Co
Colin Rowbury
Broker
020 7382 7771

OR

Haywood Securities (UK) Limited
Tom Beattie
Broker
020 7031 8018

OR

Bankside Consultants
Michael Padley / Louise Davis
Financial Public Relations
020 7367 8888


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Cambridge Mineral Resources Plc



                                                                

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