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                                                                                                                                               05 January 2010 

Vatukoula Gold Mines Plc

("Vatukoula" or "The Company")

Appointment of Joint Broker 

 

Vatukoula Gold Mines (AIM: VGM), the Fijian gold mining producer, is pleased to announce the appointment of Arbuthnot Securities Limited as joint broker to the Company alongside W.H. Ireland Limited with immediate effect.

Commenting on the appointment, David Paxton, Chief Executive said;

'We're delighted to have appointed Arbuthnot Securities as joint broker to Vatukoula. Their expertise and support will be important as we continue to grow Vatukoula and create further shareholder value.'

Enquiries:

Vatukoula Gold Mines plc

David Paxton                                              + 44 20 7016 7861

Kiran Morzaria

W.H. Ireland Limited

David Porter                                              + 44 20 7220 1666

James Joyce

Arbuthnot Securities Limited

John Prior                                                  +44 20 7012 2000

Edward Burbidge

Bishopsgate Communications

Michael Kinirons                                       +44 20 7562 3395

Notes to Editors

The Company acquired the Vatukoula Gold Mine in April 2008 and has since then re-established gold mining operations. The mine has operated for over 75 years and over that time has produced approximately 6.9 million ounces of gold. Current planning is to restore mine operations to a rate of 100,000 ounces per year. The mine has a current Proven and Probable Reserve of 830,000 ounces of gold and a current Measured, Indicated and Inferred resource of 5.15 million of ounces gold. These current reserves and resources provide for a mine life at the planned rate of production of approximately over 40 years. The Company has no forward gold sales.

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