Pathfinder Minerals Regulatory News (PFP)

Pathfinder Minerals Plc

("Pathfinder" or "the Company")

Amendment to date of GM

Pursuant to the announcement made by the Company on 31 December 2010, the Company today announces that the General Meeting scheduled for 12 noon on 18 January 2011 has today been postponed, and will instead be held at 12 noon on 9 February 2011. The Company will on Monday send an explanatory letter to shareholders together with a memorandum of changes to dates in the Admission Document dated 30 December 2010, a new Notice of General Meeting and a new Proxy Form. Set out below is an extract of the information contained in the letter to be sent to shareholders tomorrow.

For further information please contact:

Pathfinder Minerals Plc

Nicholas Trew, Chairman Tel: 020 7834 0321

Daniel Stewart & Company Plc

Oliver Rigby/James Thomas Tel: 020 7776 6550

Proposed acquisition of IM Minerals Limited

Proposed Placing to raise £525,000

Application for admission of the Enlarged Share Capital to AIM

Approval of waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers

On 31 December 2010, an admission document was sent to shareholders giving details of, amongst other matters, the proposed acquisition of IM Minerals Limited and the proposed placing to raise £525,000 (Admission Document). The Admission Document also contained a notice convening a general meeting of the shareholders to be held at 12 noon on 18 January 2011 (GM Notice).

A copy of the Admission Document was sent to shareholders with the GM Notice and can be viewed at www.pathfinderminerals.com.

Due to the timing of despatch of the GM Notice over the Christmas period and the adverse weather conditions affecting postal deliveries, amongst other things, shareholders were not provided with sufficient time to review the GM Notice. The Company is therefore sending a new notice of general meeting to shareholders, convening a general meeting of shareholders for 12 noon on 9 February 2011 (New Notice). The meeting previously convened for 18 January 2011 will not now take place.

Since the despatch of the Admission Document on 31 December 2010, there have been no changes other than set out in a Memorandum of Changes enclosed with the letter sent out to shareholders. 

Action to be taken

Shareholders have been sent a Form of Proxy for use at the general meeting now to be held on 9 February 2011. Whether or not you intend to be present at the general meeting, you are requested to complete, sign and return your Form of Proxy to the Company's registrars, PXS, Capita Registrars, 34 Beckenham Road, Beckenham, Kent, BR3 4TU as soon as possible but, in any event, so as to arrive no later than noon on 7 February 2011 or 48 hours before any adjourned meeting. The completion and return of a Form of Proxy will not preclude you from attending the meeting and voting in person should you wish to do so. 

Please note that if you returned the form of proxy relating to the previously convened meeting, it will not be counted at the re-arranged general meeting to be held on 9 February 2011. Only duly completed Forms of Proxy enclosed with this letter will be valid.

Key dates