AGRICOLA RESOURCES - PRESS RELEASE

31st May 2006

Directors Increase Shareholdings

On 30th May two directors bought shares. Dr. Young purchased 180,000 ordinary Shares and Anthony Scutt bought 335,000 shares. Accordingly the revised directors' shareholdings are :

RD Young 1430000
RE Newstone 222000
ACR Scutt 700000
J Negaard 300000

Directors total holdings 2652000
Total shares in issue 109675489
Percentage owned by the directors 2.42%
Previous percentage owned by directors 1.97%

The directors accept responsibility for the content of this announcement

Richard Newstone
Finance Director
31st May 2006

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