Result of General Meeting and TVR (0818R)

TIDMNBR

RNS Number : 0818R

Namibian Resources PLC

28 October 2011

For Immediate Release

28 October 2011

Namibian Resources PLC

(the "Company")

Results of General Meeting

Total Voting Rights

At the General Meeting held earlier today, all resolutions were passed. Accordingly the Company has issued and allotted a total of 17,518,500 new Ordinary Shares of GBP0.01 each ("Shares") at a price of 3.5p per Share, pursuant to the conversion of GBP613,147 of unsecured loans ("Conversion").

The Shares will rank pari passu with all existing Ordinary Shares, and application has been made for the Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place on 1 November 2011.

Following the issue of Shares, the Company's issued share capital consists of 61,821,352 ordinary shares with a nominal value of 1 p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

Therefore the total number of Ordinary Shares in the Company with voting rights is 61,821,352.

The above figure of 61,821,352 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Enquiries:

   Tony Carlton, CEO Namibian Resources Plc             Telephone: 020 8726 0900 
   Roland Cornish, Beaumont Cornish Limited               Telephone: 020 7628 3396

Note:

Copies of this announcement are available on the Company's website www.namibianresources.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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