21 October 2009

Vatukoula Gold Mines plc

('Vatukoula' or 'the Company')

Result of EGM and Additional Equipment Ordered

Vatukoula, the AIM quoted Fijian gold producer, announces that at a  General Meeting  of the Company which was held today in respect of a proposed placing of 750,000,000 new ordinary shares at 1.2 pence per share announced on 25 September 2009, all the resolutions put to shareholders were duly passed.

As announced on 25 September 2009 the net proceeds from the placing will be utilised along with free cash flow from the mine to increase the capital development programme allowing access to more mining faces, increasing both the capacity of tonnage delivered from the underground and increase the delivered grade to the mill. The development programme requires general capital expenditure both underground, at our power generating facility and at the mill. However the primary expense is on 13 pieces of underground haulage equipment of which 12 have now been ordered and five have been delivered. The capital development programme will also be supplemented by an underground surface drilling programme which will allow the development programme to focus on higher grade ore bodies and optimise mine planning and mining techniques.

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