Persian Gold PLC
25 September 2007

25th September 2007





                                    Placing



Persian Gold Plc ('the Company') is pleased to announce it has completed a
placing of 7,609,398 new ordinary shares of £0.01 each at a price of £0.15 per
share to raise approximately £1,141,409.70 (before expenses).  The shares have
been placed under the existing share authorities agreed at the AGM held on 4 May
2004.

The proceeds of the placing will be used to provide additional working capital,
in particular to fund drilling at the recently acquired Dalli project and to
undertake further drilling at Chard-e-Zard.

Application for the 7,609,398 of the new ordinary shares to be admitted to
trading on AIM has been made. Admission is expected on the 1 October 2007.

Follow the placing the directors' interests are:

                     No of shares before  Percentage before    No of shares          Percentage following
                     placing              placing              following placing     placing

John Teeling         9,600,400            17.20                9,800,400             15.46
Jim Finn             4,300,400            7.71                 4,700,400             7.41
Jack Teeling         3,900,000            6.99                 4,100,000             6.47
David Horgan         3,800,000            6.81                 4,200,000             6.62






Enquiries:

Persian Gold Plc
John Teeling, Chairman                           + 353 1 8332833
David Horgan, Director


Blue Oar Securities Plc
John Wakefield                                   +44 (0) 117 933 0020

College Hill
Paddy Blewer                                     +44 (0) 20 7457 2020
Nick Elwes




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