Arc Minerals Regulatory News (ARCM)

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

TEMPLAR MINERALS LTD (to be renamed ORTAC RESOURCES LTD)

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

REGISTERED OFFICE:

Craigmuir Chambers

Road Town

Tortola

British Virgin Islands

OPERATING OFFICE:

Ogier House,

St Julian's Avenue,

St Peter Port,

Guernsey,

GY1 1NA

COUNTRY OF INCORPORATION:

BRITISH VIRGIN ISLANDS

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.templarminerals.com (to be replaced by www.ortacresources.com on Admission)

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Templar Minerals Plc has reached agreement with Ortac Resources Plc ("Ortac"), subject to certain conditions being satisfied, to acquire the entire issued share capital of Ortac for an implied aggregate value of approximately £7.5 million. The Company will assume responsibility for the discharge of Ortac's liability to Tournigan Energy Ltd under the Tournigan Share Purchase Agreement. Furthermore, the Company will be responsible for ensuring that the outstanding payment obligation of US$1.9 million to Tournigan by Ortac is met and therefore the total effective consideration will be approximately £8.7m.

Ortac was incorporated as a public limited company in England on 6 November 2007 for the purpose of seeking and acquiring exploration and production rights for the extraction of gold in the Slovak Republic. Ortac's principal asset is the Kremnica Gold Project and it also has 100 per cent ownership interests in seven other licences in the east of Slovakia, namely, Zlata´ Ban˘ a, Ruska´ Bystra´ , Poruba pod Vihorlatom, Smolnik, Bysˇta Ska´rosˇ, Cinoban˘a and Cejkov. The Kremnica project is located in central Slovakia. The geology of the Kremnica gold deposit is well established. The Sˇ turec zone is continuously mineralised for 1,200 m along strike, is typically 100 to 150 m wide and extends to a known depth of at least 300 m.

Ortac intends to complete a scoping study and preliminary environmental and social impact assessments. This work will include revising the geological models to incorporate an updated grade model which can then be used as the basis for the proof of a concept mining study.

The acquisition of Ortac is to be implemented by means of Ortac's scheme of arrangement under Part 26 of the Companies Act 2006. The Acquisition will constitute a reverse takeover under the AIM Rules and is therefore conditional (inter alia) upon the approval of Shareholders at a general meeting. The Company will change from an investing company, under the AIM Rules, to a gold exploration and development company.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

1,646,586,957 Ordinary Shares of no par value.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

MARKET CAPITALISATION AT THE PURCHASE PRICE OF 1p: £16.46million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

305,705,038 New Ordinary Shares representing 18.57 per cent. of the Enlarged Share Capital are not in public hands.

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

No others.

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

DIRECTORS ON ADMISSION

Existing Directors:

Charles (Charlie) Ainslie Wood (Executive Director)

Alastair Raoul Clayton (Non-Executive Director)

Proposed Directors:

Anthony David Nettleton Balme- Chairman

Vassilios Carellas- Chief Exective Officer

Dorian (Dusty) Loney Nicol- Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Shareholder Before Admission After Admission

Pershing Nominees Limited 186,598,333 20.78% 186,598,333 11.33%

Anthony Balme* - - 154,040,130 9.36%

Canaccord Nominees Limited 104,833,333 11.67% 104,833,333 6.37%

Lynchwood Nominees Limited 64,375,000 7.17% 64,375,000 3.91%

David Lenigas 50,000,000 5.57% 50,000,000 3.03%

Credit Agriocole Cheuvreux Int 38,025,000 4.23% 38,025,000 2.31%

Chase Nominees Limited 35,000,000 3.90% 35,000,000 2.13%

Pershing Nominees Limited 30,000,000 3.34% 30,000,000 1.82%

* Mr Balme shares are held as follows (a) Carter Capital Ltd holds 72,488,088 ordinary shares (b) Anthony Balme holds

46,378,158 ordinary shares (c) AMC Ltd holds 28,969,671 ordinary shares, and shares held by connected Persons include

Anne Louise Balme how holds 6,204,213 ordinary shares.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None.

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 MARCH

(ii) 31 MARCH 2010

(iii) Expected Accounting Timetable:

- The Company will publish its interim accounts for the period ended 30 September 2010 on or before 31 December 2010.

- The Company will publish its audited annual report for the year ended 31 March 2011 on or before 30 September 2011.

- The Company will publish its interim accounts for the period ended 30 September 2011 on or before 31 December 2011.

Note: Following the change in accounting reference date from 30 June to 31 March, the Company will publish its audited report for the 9 months ended 31 March 2010 on or before 30 September 2010.

EXPECTED ADMISSION DATE:

15 September 2010

NAME AND ADDRESS OF NOMINATED ADVISER:

Beaumont Cornish Limited

2nd Floor, Bowman House

29 Wilson Street

London

EC2M 2SJ

NAME AND ADDRESS OF BROKER:

Beaumont Cornish Limited

2nd Floor, Bowman House

29 Wilson Street

London

EC2M 2SJ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

ADMISSION DOCUMENT AVAILABLE FROM THE OFFICES OF BEAUMONT CORNISH LIMITED, 29 WILSON STREET, LONDON EC2M 2SJ AND WEBSITE WWW.TEMPLARMINERALS.COM.

ADMISSION DOCUMENT PRODUCED IN ACCORDANCE WITH THE AIM RULES TO INCLUDE FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES.

DATE OF NOTIFICATION:

2 August 2010

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