Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration

4 September 2008
                     Cambridge Mineral Resources plc ('CMR' or 'the Company')
                                           AGM Statement

Cambridge  Mineral  Resources  plc,  the  AIM listed mining  exploration  and  production  company
primarily  targeting precious metals in South America, will hold its Annual General Meeting  today
and Colin Andrew, Managing Director, will make the following statement:

"Cambridge  Mineral  Resources has continued to make progress in its  strategy  of  advancing  and
adding value to its portfolio of mineral projects and becoming a producer of precious metals.   In
particular,  the drive towards precious metal production of 100,000 ozs gold per  annum  in  South
America  has been advanced and we expect to commence production at our first gold mine in Colombia
our Quintana project in Colombia later in 2008.

"Despite  considerable  turbulence  and difficulties in the financial  markets,  we  succeeded  in
financing  Quintana, and also obtained a conditional finance facility for the development  of  two
further  gold  mines in that country. The Board sees that the Company remains well  positioned  to
capitalise on the strong metal prices that the global markets have experienced over the past year,
and that its projects offer considerable value to our shareholders.

"I  would  also  like to thank all shareholders for their continued support during  this  exciting
period in their Company's development, and also to my colleagues and advisers whose hard work  has
helped position the Company to join the ranks of junior gold and silver producers in the next  few
months."

At  the  meeting,  Colin  Andrew will also present an update on progress  made  at  the  Company's
Quintana  project in Columbia.  This will include a number of slides showing the  construction  of
the mine and other activities, and will be available on the Company's website shortly.

                                             ** ENDS **

For further information, visit www.cambmin.co.uk or contact:
Colin Andrew                   Cambridge Mineral Resources plc      +44 (0) 20 7663 5618
Managing Director                                                   candrew@iol.ie
Michael Burton                 Cambridge Mineral Resources plc      +44 (0) 20 7663 5618
Finance Director                                                    mburton@cambmin.co.uk
Gavin Burnell /                Ruegg & Co Limited                   +44 (0) 20 7584 3663
Roxane Marffy
Colin Rowbury                  Religare Hichens, Harrison Plc       +44 (0) 20 7382 7771
Tom Beattie                    Haywood Securities (UK) Limited      +44 (0) 20 7031 8018
Victoria Thomas                St Brides Media & Finance Ltd        +44 (0) 20 7236 1177


Notes to Editor
Cambridge  Mineral  Resources  plc  is an AIM listed mining and exploration  company  focussed  on
becoming  a  producer of precious metals with an output equivalent to 100,000 oz gold  per  annum.
Primarily  targeting  precious metals in South America, its strategy  is  to  acquire  established
resources  at  advanced stage exploration or near term production and develop them to economically
mineable  reserves through further exploration.  It has a strong portfolio of mineral projects  at
varying  stages  of commercialisation including its two key projects, the Quintana  gold  mine  in
Colombia,  which  is  anticipated to commence production by the end of 2008,  and  the  Rasuhuilca
silver-gold  mine  in  Peru.  The Company also has a portfolio of assets in Europe,  which  it  is
currently in the process of seeking to divest through either joint-venture or sale.

                                                                
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