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ANNOUNCEMENT

ARCHIPELAGO RESOURCES PLC

EXTENSION OF CONSTRUCTION APPROVAL

for the

TOKA TINDUNG GOLD PROJECT

Archipelago Resources Plc ('Archipelago' or the 'Company') is pleased to announce that it's operating subsidiary PT Meares Soputan Mining was on the 20 April 2009 granted a 12 month extension to its Construction Approval for development of the Toka Tindung Gold Project ('Project').

The Company welcomes this continued demonstration of understanding and support by the Indonesian Central Government Department of Energy & Minerals, for the Company's continuing efforts to develop the Project. The Company is confident that its environmentally sound Project will have a very positive impact on the current unemployment and economic circumstances prevailing in North Sulawesi and accordingly continues to seek the support of the Provincial Governor to enable it to obtain financing necessary to complete construction of the Project.

The Project contains a defined resource of 1.75m ounces of gold equivalent of which 1.1m ounces is initially mineable by a series of open pits feeding a central processing plant. Production is targeted to commence in 2010 at an average annual production rate of 160,000 ounces for the first 6 years of the current 8 year Project life.  However, Archipelago is confident of increasing the resource base in view of the highly prospective nature of the ground surrounding the known deposits.

Archipelago is a mining company listed on the AIM market of the London Stock Exchange.  The Company's principal activities are gold mining and exploration in Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam (as majority party in the Pac Lang and Cam Thuy/Ba Thuoc joint ventures with VINACOMIN a Vietnamese Government mining company) and the Philippines (as option holder over a 100% interest in the Corplex tenements).

Further Info:    Colin Loosemore, Managing Director, Archipelago Resources Plc.

        Tel:    00-618-9364-8301

 

        Richard Chase, Ambrian Partners Ltd

        Tel:    020-7634-4700

        Ron Marshman / John Greenhalgh, Lothbury Financial

        Tel:    020-7011-9411

 

        Gerry Beaney / Fiona Kindness, Grant Thornton UK LLP

        Tel:     020 7383 5100

 

www.archipelagoresources.com.au

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