RNS Number:3459U
Triple Plate Junction Plc
19 January 2004


                                                                 19 January 2004

                           Triple Plate Junction plc

           First Day of Dealings on the Alternative Investment Market

Triple Plate Junction plc ("TPJ" or the "Company"), the gold exploration
company, formed through the acquisition of Larchland by Names.co. Internet plc
(subsequently re-named Triple Plate Junction plc), is pleased to announce its
flotation on the Alternative Investment Market of the London Stock Exchange ("
AIM") today.

The RIC codes for Triple Plate Junction will be TPJ.L/TPJ.LN

The Business

  * A gold exploration company
  * Areas identified in Vietnam : Pu Sam Cap, A Bung, Lang Vai and Xi Pa, all
    are highly prospective for exploration
  * The management of TPJ has an excellent track record of building companies,
    gold exploration and operating in Vietnam
  * Through its subsidiaries, Triple Plate Junction has signed joint venture
    agreements with companies including Newmont Vietnam Pty Limited, a
    subsidiary of Newmont Mining Corporation, one of the world's major gold
    producers in order to develop a mine at Pu Sam Cap if significant deposits
    are found
  * The first of the four areas that TPJ intend to explore is Pu Sam Cap


The Flotation

  * #4.2 million gross has been raised for TPJ via a Placing at a Placing
    price of 30p per Ordinary Share by Evolution Beeson Gregory
  * Market capitalisation of the Company following the Placing is #10.8
    million
  * The proceeds of the Placing will be used to fund the application for and
    exploration of the selected areas in Vietnam


Key Management

  * Ian Gowrie-Smith, Non-Executive Chairman - founder and developer of mining
    and pharmaceutical companies, including Skyepharma, Medeva and Griffiths
    Bros Ltd
  * Geoff Walsh, Chief Executive - Ex-Lonrho plc. From 1991-1995 Geoff was
    part of the Lonrho/Gencor JV. Also founder of Resource Management and
    Finance Ltd
  * David Lees, Finance Director - Chartered Accountant - CFO of Medeva plc
    from 1987-1994. Co-founder of Skyepharma. Chairman of Deal Group Media
  * Bill Howell, Exploration Director - 37 years in exploration management,
    having worked with Newmont, BHP-Billiton and Normandy. Bill has managed
    projects in Vietnam for 11 years


Development Strategy

The Company's development strategy in the first year following Admission is as
follows:

  * to pursue the granting of the licences, the subject of the Triple Plate
    Junction Limited MELA (mineral exploration licence application);
  * to pursue the granting of the licences the subject of the Takara MELAs
    (Takara is a wholly owned subsidiary of TPJ);
  * to pursue Vietnamese exploration and complete the earn-in requirements on
    the of the Newmont Venture Agreement;
  * to establish a fully functioning office in Hanoi by 31 March 2004 (a
    representative office is already established);
  * to continue the programme of identification, analysis and negotiation of
    controlling interests in first class gold and mineral deposits;
  * to create an environment that will attract ''best of breed'' employees;
    and
  * to continue to build strong relationships with Vietnamese stakeholders.


Identified Areas

  * Pu Sam Cap (408sq km)

This project is being undertaken by Triple Plate Junction Limited under the
terms of the Newmont Venture Agreement.

The Pu Sam Cap area was previously the subject of overlapping mineral
exploration applications by Normandy, who commenced reconnaissance exploration
in the area in 1992, and the predecessor company of VRC (PSC) who started
preliminary examination of the area in 1996. Following various negotiations,
VRC, VRC (PSC) and Newmont entered into the Newmont Venture Agreement on 24 June
2003 pursuant to which Triple Plate Junction Limited was incorporated in order
to consolidate both parties' interests in the Area. Triple Plate Junction
Limited has prepared the Triple Plate Junction Limited MELA which comprises five
new mineral exploration licence applications covering a total area of 408 sq km
which are currently under consideration by the Vietnamese Authorities.


  * Xi Pa and A Bung (100sq km each)

These contiguous project areas are being managed by Takara pursuant to the
Tiberon Venture Agreements. Each area is of 100sq km and is covered by the
Takara MELAs for Xi Pa and A Bung. A small enclave in the A Bung application is
currently under application by VIMICO. Tiberon is negotiating with VIMICO to
enter into a joint venture agreement with VIMICO which would become Tiberon's
Vietnamese partner in respect of the Takara MELAs.


  * Lang Vai (100sq km)

This project is also being managed by Takara under the Tiberon Venture
Agreements. The area of 100sq km is covered by the Takara MELA for Lang Vai.

The New Board believe that the Vietnamese partners' participation in respect of
the Takara MELAs will be between 15 and 30 per cent.


Ian Gowrie-Smith, Chairman, commented :

"The successful Placing and move to AIM are significant steps forward for Triple
Plate Junction. The geological prospects and our early testing, indicates the
possibility of significant gold resources. Combine these factors with Vietnam as
a rapidly developing country, strong connections with major international
companies such as Newmont and TPJ's highly experienced team and you have a very
exciting opportunity."

Placing Statistics

Number of Existing Ordinary Shares (post Consolidation)                                12,077,778
Number of Ordinary Shares assuming full exercise of the Warrants                       12,877,778
Number of Initial Consideration Shares being issued at Completion pursuant             10,000,000
to the Acquisition
Number of Placing Shares being issued pursuant to the Placing                          14,000,000
Number of Ordinary Shares in issue assuming full exercise of the Warrants              36,877,778
following Admission
Initial Consideration Shares as a percentage of the Enlarged Issued Share                  27.12%
Capital on Admission
Placing Shares as a percentage of the Enlarged Issued Share Capital                        37.96%
assuming full exercise of the Warrants Admission
Market capitalisation of the Company following the Placing at the Placing             #10,823,333
Price
Estimated gross proceeds of the Placing                                                #4,200,000



For further information, please contact :

Triple Plate Junction plc                                   020 7499 1400
Geoff Walsh, Chief Executive

Evolution Beeson Gregory                                    020 7071 4300
Robert Collins / Tim Redfern

Buchanan Communications                                     020 7466 5000
Tim Anderson / Isabel Petre/Ben Willey

High-resolution images are available for the media to view and download free of
charge from www.vismedia.co.uk



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