Result of EGM

RNS Number:3722K
Bullion Resources PLC
31 March 2005


Immediate Release                                                  31 March 2005

                             Bullion Resources plc

                    Result of Extraordinary General Meeting



At the Extraordinary General Meeting of shareholders, held yesterday, all the
resolutions were duly passed, including the change of name to Nautical Petroleum
plc.



It is expected that dealings in the enlarged group will commence on 1 April
2005.



Commenting on the EGM, Malcolm Burne retiring Chairman said:



"The directors of Bullion are extremely pleased that a valuable acquisition has
now been secured for the shareholders of Bullion Resources plc.  Further, I am
confident that in a relatively short period of time the strong characteristics
of the Nautical deal, including the management and asset potential, will restore
shareholder value.



"I am delighted that the rehabilitation of the company is now complete and I
would like to thank Colin Bird and Patrick Kennedy in particular for their role
in the process. I would like to wish the new board of Nautical Petroleum plc,
led by Ian Williams, every good fortune in the development of the company's
planned expansion."



For further information please contact:


Nautical                                                         020 7550 4890
Ian Williams, Chairman
Stephen Jenkins, Chief Executive

Insinger de Beaufort                                             020 7190 7000
Simon Fox
Louis Castro

Buchanan Communication                                           020 7466 5000
Ben Willey
Eleanor Williamson




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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