Lapse of Option

 

TIDMCLN 
 
RNS Number : 4948J 
Carlton Resources PLC 
31 March 2010 
 

                              Carlton Resources plc 
                          ("Carlton" or the "Company") 
 
                                Lapse of Option 
 
The Directors of Carlton announce that the Company has today allowed its option 
to acquire all of the shares in Tobon Tondo suarl ("Tobon"), the Malian gold 
company, to lapse.  The Directors have taken this decision due to a combination 
of delays in the due diligence process in relation to Tobon and in the perceived 
timeframe for raising funds to finance the Tobon acquisition. 
 
The Company continues to undertake due diligence in relation to a number of 
other potential mineral project acquisitions located in Africa, in line with its 
stated investment strategy. 
 
The Directors would like to reassure shareholders that they are committed to 
ensuring Carlton has a future life as an AIM-listed company.  Ensuring that the 
right mix of assets and cash are injected into the Company is the key to its 
future, and the Directors continue to work towards this objective. 
 
For further information, please contact: 
 
+-------------------------------------------+-----------------+ 
| Carlton Resources Plc                     | Tel: +44 75     | 
| Mark Burchnall (Chief Executive)          | 4989 2425       | 
|                                           |                 | 
+-------------------------------------------+-----------------+ 
|                                           |                 | 
| Strand Hanson Limited (Nominated Adviser) | Tel: +44 20     | 
| Warren Pearce/Paul Cocker                 | 7409 3494       | 
+-------------------------------------------+-----------------+ 
|                                           |                 | 
| Ambrian Partners Limited (Broker)         | Tel: +44 20     | 
| Shaun Whyte                               | 7634 4722       | 
+-------------------------------------------+-----------------+ 
|                                           |                 | 
| Conduit PR (Press Enquiries)              | Tel: +44 20     | 
| Charlie Geller/Leesa Peters               | 7429 6604       | 
+-------------------------------------------+-----------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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