Possible Offer

 
TIDMMVA 
 
AIM 
Release 
                             24 April 2009 
 
 
 
                  Minerva Resources plc (AIM: MVA) 
 
               ("Minerva Resources" or "the Company") 
 
                           Possible Offer 
 
The Board of Minerva Resources advises the following update to the 
market on its funding status. 
 
The Company  confirms that  it is  in discussions  with a  number  of 
parties regarding financing and corporate transactions, which may  or 
may not include an offer for the entire issued and to be issued share 
capital of the Company. Shareholders should be aware that there is no 
certainty that an offer  will be forthcoming and  no certainty as  to 
the terms on which any offer might be made. 
 
In accordance with Rule 2.10 of the City Code on Takeovers and 
Mergers, Minerva Resources confirms that it has 154,294,458 ordinary 
shares of 0.25 p each in issue and admitted to trading on the AIM 
Market of the London Stock Exchange under UK ISIN code GB0033826206. 
 
Dealing Disclosure Requirements 
 
Under the provisions of Rule 8.3 of the City Code on Takeovers and 
Mergers (the "Code"), if any person is, or becomes, "interested" 
(directly or indirectly) in 1%` or more of any class of "relevant 
securities" of the Company, all "dealings" in any "relevant 
securities" of that company (including by means of an option in 
respect of, or a derivative referenced to, any such "relevant 
securities") must be publicly disclosed by no later than 3.30 pm 
(London time) on the London business day following the date of the 
relevant transaction. This requirement will continue until the date 
on which the offer becomes, or is declared, unconditional as to 
acceptances, lapses or is otherwise withdrawn or on which the "offer 
period" otherwise ends. If two or more persons act together pursuant 
to an agreement or understanding, whether formal or informal, to 
acquire an "interest" in "relevant securities" of the Company, they 
will be deemed to be a single person for the purpose of Rule 8.3. 
 
Under the provisions of Rule 8.1 of the Code, all "dealings" in 
"relevant securities" of the offeree by the offeror, or by any of 
their respective "associates", must be disclosed by no later than 
12.00 noon (London time) on the London business day following the 
date of the relevant transaction. 
 
A disclosure table, giving details of the companies in whose 
"relevant securities" "dealings" should be disclosed, and the number 
of such securities in issue, can be found on the Takeover Panel's 
website at www.thetakeoverpanel.org.uk. "Interests in securities" 
arise, in summary, when a person has long economic exposure, whether 
conditional or absolute, to changes in the price of securities. In 
particular, a person will be treated as having an "interest" by 
virtue of the ownership or control of securities, or by virtue of any 
option in respect of, or derivative referenced to, securities. 
 
Terms in quotation marks are defined in the Code, which can also be 
found on the Panel's website. If you are in any doubt as to whether 
or not you are required to disclose a "dealing" under Rule 8, you 
should consult the Panel. 
 
 
For further information please contact: 
 
Terry Ward 
Minerva Resources plc 
Tel: [phone] 
E-mail: [e-mail] 
Web: www.minervaresources.com 
 
James Joyce / Sarang Shah 
W. H. Ireland 
Tel: [phone] 
[e-mail] 
 
Nick Rome 
Bishopgate Communications Ltd 
Tel: [phone] 
E-mail: [e-mail] 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.