Update and notice of results

RNS Number:8616D
Libra Natural Resources PLC
14 September 2007


Press Release                                               14 September 2007

                          Libra Natural Resources plc
                            ("LNR" or "the Company")

                SUCCESSFUL COMPLETION OF FEEDSTOCK NEGOTIATIONS;

                              FURTHER US EXPANSION

                             AND NOTICE OF RESULTS


Libra Natural Resources plc, the international wood-to-energy company, today
announces further development details in its North American wood pellet
businesses.

EXISTING BRITISH COLUMBIA FACILITIES: FEEDSTOCK SECURITY


As part of LNR's ongoing strategy to manage and secure the price, quality and
reliability of its waste wood fibre feedstock, the Company is pleased to
announce that it has signed a major extension to one of its principal supply
contracts.


The major features of this contract renewal are as follows;

  *      Guaranteed provision of wet and dry fibre for LNR's existing plants in British Columbia, Canada
         though to 2011 and beyond

  *      Pricing, whilst commercially confidential, is in line with your Company's expectations and internal
         forecasts;

  *      Ensures that the vast majority of the feedstock for all of LNR's current operational plants is now
         secured through until at least the end of 2010.


FURTHER EXPANSION OF US OPERATIONS


Further to LNR's announcement of August 2nd, and as part of the Company's
strategy of expansion into the United States through selective acquisitions and
plant developments, we are pleased to announce the recruitment of a dedicated
management team to develop and manage LNR's proposed US operations.


This team is led by Mr. Christian Bach and Mr. Timothy Lyons, who are based in
Massachusetts.  They have many years of experience with sourcing feedstock and
wood pellets for US markets as well as selling and installing wood pellet
furnaces.  They are applying this firsthand knowledge of the industry to
identifying growth opportunities for the Company.  Their focus is on the US
northeast and southeast markets, where LNR is actively reviewing additional
acquisition and development opportunities.


In addition to these appointments, LNR is pleased to announce the opening of its
first overseas office, in Seattle, Washington, USA. The opening of this office,
which will oversee all of the Company's activities in North America, reflects
the importance that LNR attaches to growing, and effectively managing,
operations in this region.


NOTICE OF RESULTS


The Company wishes to advise shareholders that the Interim Results for the
half-year to 30th June 2007 will be released on Friday 28th September 2007.



At the time of these results, shareholders can expect to receive specific
details on LNR's wood pellet expansion strategy in the UK and in the South-East
of the United States. In addition, although contingent on the outcome of
ongoing, later-stage, discussions, it is expected that further particulars will
be announced relating to the implementation of the Company's stated strategy to
become a focused wood pellet company.


                                    - Ends -



For further information:

Libra Natural Resources plc

Peter Greensmith, Chief Executive                      Tel: [phone]

[e-mail]

Glenn Smith, Chief Investment Officer                  Tel: [phone]

[e-mail]

1200 Fifth Avenue, Suite 1800, Seattle, WA 98101


Landsbanki Securities (UK) Ltd

Nominated Advisor & Joint Broker                       Tel: [phone]

Gareth Price/Simon Brown, Corporate Finance



Media enquiries:

Abchurch

Heather Salmond / Franziska Bohnke                     Tel: [phone]

[e-mail]                     www.abchurch-group.com

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

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