Clontarf Regulatory News (CLON)

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:

Persian Gold plc (to be renamed Clontarf Energy plc ( "Clontarf" or the "Company"))

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

Registered Office:

20-22 Bedford Row

London WC1R 4JS

Head Office:

Clontarf Energy

162, Clontarf Road

Dublin 3

Ireland

COUNTRY OF INCORPORATION:

England and Wales

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

http://clontarfenergy.com/

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:

Persian Gold plc (to be renamed Clontarf Energy plc) is acquiring Hydrocarbon Exploration plc by way of a scheme of arrangement, admission is being sought as a result of a reverse takeover.

Clontarf Energy plc is the holding company for a group of companies (together, the "Group") operating as an independent International oil and gas exploration and appraisal business with a geographic focus on West Africa, Latin America and the US Gulf of Mexico. The Group's current asset portfolio comprises the Tano 2A petroleum exploration block in Ghana, petroleum exploration blocks 188 and 183 in Peru, interests in the El Dorado and Monteagudo oil and gas fields in Bolivia as well as interests in five oil fields in the US held through the company's subsidiary Endeavour Oil & Gas and the Chah-e-Zard and Dalli gold project in Iran. The Company's strategy is to generate growth and long term shareholder value through participation in the exploration and development of the Group's existing asset base and through the potential acquisition of additional prospects and projects.

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):

198,784,469 ordinary shares of 0.25p each

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

Capital to be raised on Admission: £2,727,820.26

Anticipated market capitalisation on Admission: £13.42 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

26.09%

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:

N/A

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):

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):

* 9,600,000 Ordinary Shares registered in the name of Davy Crest Nominees are beneficially owned by John Teeling.

** 2,000,000 Ordinary Shares are registered in the name of Alana Horgan, the daughter of David Horgan and 1,525,000 Shares are registered in the name of Aran Horgan, the son of David Horgan.

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

N/A

(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 December;

(ii) 30 June 2010; and

(iii) Year end accounts by 30 June 2011 for the period ended 31 December 2010. Interims by 30 September 2011 for the period ended 30 June 2011. Year end accounts by 30 June 2012 for the period ended 31 December 2011.

EXPECTED ADMISSION DATE:

6 April 2011

NAME AND ADDRESS OF NOMINATED ADVISER:

Shore Capital and Corporate Limited

Bond Street House

14 Clifford Street

London W1S 4JU

NAME AND ADDRESS OF BROKER:

Shore Capital Stockbrokers Limited

The Atlantic Suite

Ground Floor, The Corn Exchange

Fenwick Street

Liverpool L2 7RB

Optiva Securities Limited

2 Mill Street

London W1S 2AT

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:

Copies of the Admission Document, containing full details about the applicant and the admission of its securities, will be available from the offices of Shore Capital and Corporate Limited, Bond Street House, 14 Clifford Street, London W1S 4JU and at http://clontarfenergy.com/

DATE OF NOTIFICATION:

23 March 2011

NEW/ UPDATE:

NEW