TQN Tarquin

RNS Number:9694H
Tarquin Resources PLC
22 August 2006


                             TARQUIN RESOURCES PLC
                          ("Tarquin" or "the Company")

PRIVATE PLACEMENT

London : 22nd August 2006.  The directors of Tarquin (AIM : TQN), the copper
exploration company operating in Chile, are pleased to announce that the Company
has placed 4,814,816 new Ordinary Shares of #0.15 each to raise #1.3 million.
The placing price is #0.27 per share.  The funds will be utilised to further
develop the Company's Las Pascualas project in Chile and for working capital.

Following the placing the Company has on issue 15,322,575 Ordinary Shares.

Of the placing shares, 1,111,112 (#300,000) were placed with the Company's major
shareholder, Investika Ltd.  Mr Chrisilios Kyriakou, a director of the Company
is also a director of Investika Ltd.  Following the placing, Investika Ltd holds
4,263,074 Ordinary Shares, representing 27.8% of the total Ordinary Shares on
issue.

Investika is a related party of the Company and with the exception of any
director who is involved in the transaction as a related party, its directors
consider, having consulted with its nominated adviser, that the terms of the
transaction are fair and reasonable insofar as its shareholders are concerned.

Following the placing, the directors' interests in the Company's Ordinary Shares
are as set out below:

  * Chrisilios Kyriakou has an interest in 4,342,076 Ordinary Shares,
    including the interest held through Investika Ltd;
  * Charles de Chezelles has an interest in 511,111 Ordinary Shares; and
  * Brian Parritt has an interest in 54,410 Ordinary Shares;

For further information contact:

Tarquin Resources plc
Yve White                                            +44 (0) 20 7514 1480

Pelham Public Relations
Charles Vivian                                       +44 (0) 20 7743 6672



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