RNS Number:3870A
Archipelago Resources PLC
17 July 2007

ARCHIPELAGO RESOURCES PLC


                                                                   JULY 17, 2007

                           AGM RESULT AND STATEMENT
                ARCHIPELAGO EXPECTS TO BE GRANTED LICENCE OVER
                OLD VIETNAM "GOLD RUSH" MINE IN NEXT FEW WEEKS

     
* Pac Lang Vein Deposit Considered To Have Potential To Support Larger Operation

* Planning First Evaluation Of Area Using Modern Exploration Methods

* Company To Open Local Office To Manage The Project

The board of Archipelago Resources (AIM: AR.) announces that at the Annual
General Meeting held earlier today all resolutions were duly passed.

Movement is being seen in Vietnam by Archipelago Resources towards the granting
of an exploration licence over Pac Lang, an old French goldmine, 160km NNE of
Hanoi, which became the site of a major gold rush in 1990-91 following the
discovery of high grade ore.

Archipelago's chief executive Mr. Colin Loosemore told the annual meeting in
London today that the Local Government at Pac Lang had been very helpful and
co-operative. "With this enthusiastic support we believe the Central Government
will issue a licence within weeks".

Pac Lang, he added, would become the first approved exploration licence for the
company in Vietnam and is considered to have the potential to support a mining
operation.

The company, which is earning a 65p.c. interest in the JV with the Vietnamese
government by spending US$1.24m over two years, is opening an office in the Ngan
Son district of the Bac Kan province and will be employing a team of local
people and skills.

Mining activities at Pac Lang since the 1990s have been small scale, and the
area has never being evaluated by modern exploration technology and methods.

"We are keen to start exploration as quickly as possible over this very
prospective old gold mine", explained Mr. Loosemore.   Archipelago has
identified 15 mineralised quartz veins up to 2m wide with a combined outcrop and
inferred strike length of 3.3km.   Historic sampling assayed between 0.4g/t and
49g/t gold.

TOKA TINDUNG GOLD PROJECT - ENVIRONMENTAL APPROVAL NEARS

Referring to Archipelago's main development project at Toka Tindung, in
Indonesia, targeted as becoming a 160,000 oz/year producer, Mr. Loosemore said
he remained very confident that he would see official environmental approval
from the government "by the end of next month".

Lower operating costs and a higher gold price have had a major impact on
economics of the project which the company expects to bring into production in
the second quarter of 2008.

Mr. Loosemore also welcomed Baker Steel Capital Managers, the London
institutional investor and its clients, to the shareholder list following last
week's #2.49m placement.
               
Further Info:    Colin Loosemore, Chief Executive, Archipelago Resources Plc.
                 Tel: 00-618-9364-8301
                 Richard Chase, Ambrian Partners Ltd. Tel:  020-7776-6401
                 Fiona Kindness, Grant Thornton Corporate Finance.  
                 Tel: 020-7385-5100
                 Ron Marshman/John Greenhalgh, City of London PR Limited.
                 Tel: 020-7628-5518
                 http://www.archipelagoresources.co.uk/


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