CMR Cambridge Mins.

    Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration
7 November 2008

                      Cambridge Mineral Resources plc ('CMR' or 'the Company')
                             Equity Placing & Directors Share Purchases

Cambridge  Mineral Resources plc, the AIM listed mining exploration and production company  primarily
targeting  precious metals in South America, has received share placing commitments from institutions
and  directors to raise �280,000 ('the Placing') before expenses through the issue of 28,000,000  new
Ordinary Shares of 1 pence at 1 pence per share ('Placing Shares').  Each Placing Share will have one
warrant attached with an exercise price of 2 pence with an exercise period of two years.

The  Placing  Shares  will  represent 7.88 per cent of the Company's enlarged  issued  share  capital
following  the  Placing,  and will, when issued, rank pari passu in all respects  with  the  existing
issued  ordinary shares.  The placing is conditional, inter alia, upon the new Ordinary Shares  being
admitted to trading on AIM for which application is being made to the London Stock Exchange,  and  it
is expected that admission will become effective, and trading in the Placing Shares will commence, on
or around 13 November 2008.  The warrants will not be listed.

Directors of CMR, Colin Andrew and Michael Burton have participated in the Placing with the  purchase
of  2,500,000  shares  each.  Following the Placing, Colin Andrew will hold 5,625,000  or  1.58%  and
Michael Burton will hold 3,067,308 or 0.86% of the total share capital of the Company.

CMR's  Managing  Director, Colin Andrew, commented, "These additional funds  will  provide  CMR  with
general  working  capital  which  will  enable the Company to  continue  its  strategy  of  acquiring
established  exploration projects to develop into economically mineable reserves of precious  metals.
I  believe  the successful raising of additional funds within the current economic climate underlines
the  quality  of  our  assets, particularly the Quintana gold mine which is anticipated  to  commence
production before the end of this year."

The total number of ordinary shares in issue following the placing will be 355,115,704.

                                             ** ENDS **

For further information, visit www.cambmin.co.uk or contact:
Colin Andrew              Cambridge Mineral Resources plc                  +44 (0) 20 7663 5618
Managing Director                                                          candrew@iol.ie
Michael Burton            Cambridge Mineral Resources plc                  +44 (0) 20 7663 5618
Finance Director                                                           mburton@cambmin.co.uk
Gavin Burnell /           Ruegg & Co Limited                               +44 (0) 20 7584 3663
Roxane Marffy
Colin Rowbury             Religare  Hichens  Harrison plc                  +44 (0) 20 7382 7771
Tom Beattie               Haywood Securities (UK) Limited                  +44 (0) 20 7031 8018
Victoria Thomas           St Brides Media & Finance Ltd                    +44 (0) 20 7236 1177

Notes to Editor
Cambridge Mineral Resources plc is an AIM listed mining and exploration company focussed on  becoming
a  producer  of  precious metals with an output equivalent to 100,000 oz gold per  annum.   Primarily
targeting  precious  metals  in South America, its strategy is to acquire  established  resources  at
advanced stage exploration or near term production and develop them to economically mineable reserves
through  further  exploration.  The Company has a strong portfolio of  mineral  projects  at  varying
stages of commercialisation including its two key projects, the Quintana gold mine in Colombia, which
is  anticipated  to  commence production by the end of 2008, and the Rasuhuilca silver-gold  mine  in
Peru.  The Company also has a portfolio of assets in Europe, which it is currently in the process  of
seeking to divest through either joint-venture or sale.

                                                                
Cambridge Mineral Resources Plc



                                                                

Cambridge Mineral Resources (LSE:CMR)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Cambridge Mineral Resources (LSE:CMR)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024