AGRICOLA RESOURCES - PRESS RELEASE
19th October 2010
The Directors confirm today that it is in discussions for a possible significant acquisition of Kazakh Resources Limited a company which owns rights to acquire various mineral assets in Kazakhstan, most notably Tungsten and Molybdenum (the "Acquisition"). The transfer of the assets as a result of the Acquisition will require the approval of the Government of the Republic of Kazakhstan.
These discussions may or may not lead to Agricola making the above Acquisition and there is no guarantee that these discussions will be successfully concluded.
As the Acquisition would constitute a Reverse Takeover under the PLUS Rules the Directors have requested that trading in the Company's shares on the PLUS-quoted Market be suspended pending a further announcement. Such an announcement will be made as soon as practicable.
The Directors of Agricola are responsible for the content of this announcement.
For further information contact:-
Tel: 00 353 85 739 2674
Alexander David Securities
Tel: +44 (0) 20 7448 9800
Nick Bealer/David Scott
Fax: +44 (0) 20 7256 9567