Arc Minerals Regulatory News (ARCM)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Templar Minerals Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Yes

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Credit Agricole Cheuvreux International Ltd

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date on which the threshold is crossed or reached: v

29/04/10

6. Date on which issuer notified:

04/05/10

7. Threshold(s) that is/are crossed or reached: vi, vii

4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

VGG8755P1071

27,875,000

27,875,000

27,875,000

27,875,000

3.1%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

27,875,000

3.1%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

SAS Rue La Boétie

Crédit Agricole SA

Crédit Agricole Corporate and Investment Bank SA

Crédit Agricole Cheuvreux SA

Crédit Agricole Cheuvreux International Limited 27,875,000 (3.1%)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Gabrielle Burne

15. Contact telephone number:

0207 214 6037

David Lenigas

Templar Minerals Limited

Tel: +44 (0)20 7016 5100

Charles Wood

Templar Minerals Limited

Tel: +44 (0) 7971 444326

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0)20 7628 3396

Rosalind Hill Abrahams

Beaumont Cornish Limited

Tel: +44 (0)20 7628 3396