Tethyan Resources Regulatory News (TETH)

Triple Plate Junction plc

("TPJ" or the "Company")

Project Update - Crater Mountain

On 17 November 2011, Gold Anomaly Limited (ASX: GOA), the Company's joint venture partner in the Crater Mountain Project, announced an update including further results for the drills holes NEV027 and NEV029. The results of the NEV027 drill hole indicated encouraging signs of a possible porphyry system and a second deep hole is now planned. The NEV029 hole has drilled to a depth of 624m, intersecting typical Mixing Zone style mineralisation.

The text of the announcement made by Gold Anomaly Limited is reproduced below and further information can be found at the Company's website: www.tpjunction.com. TPJ holds an 18.9% interest in the Crater Mountain Project.

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Triple Plate Junction plc

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17th November 2011

Company Announcements Office

Australian Securities Exchange

CRATER MOUNTAIN PROJECT UPDATE, PNG

·; NEV027 intersects an intrusive below the Chim Formation at 1,045.4metres

·; Encouraging signs of a possible porphyry system - second deep hole now planned

·; Intrusive exhibits strong phyllic alteration and contains disseminated pyrite - pyrrhotite +- chalcopyrite (py-po-cpy)

·; NEV027 drilled to a depth of 1,104.40m

·; NEV029 down to 624m, intersected typical Mixing Zone style mineralisation

Gold Anomaly (ASX: GOA) is pleased to announce the completion of its first 1,000m hole at the Nevera prospect. The hole was designed to test for a buried intrusive which is thought to be responsible for the widespread alteration and gold and base metal mineralisation seen at the prospect.

NEV027 intersected a felsic intrusive at 1,045.4m, which shows strong phyillic alteration and contains pyrite- chalcopyrite- sphalertite and galena veining with minor disseminated pyrite and chalcopyrite in the rock matrix. The intrusive itself has been strongly silicified and altered and is unlike any intrusive seen at Nevera in previous drill holes. 

Large clasts (xenoliths) of Chim formation sediment occur within the intrusive. These vary in size from a few centimetres to over 4m in diameter. The increased intensity of veining in the intrusive and in the clasts, and the increasing amount of silica seen towards the base of the hole all point to the source of the mineralisation being deeper.

NEV027 was terminated at a depth of 1,104.4m as the rig (which was rated for 1,000m) had reached its limits.

Executive Chairman Greg Starr said: "Intersecting this deep intrusive provides confidence for Gold Anomaly to drill a second deep hole to target an area beneath that tested by NEV027. The next deep hole, NEV030, will be sited at an RL approximately 200 to 300m below NEV027 and will be designed to test the mineralising system at Nevera at an even greater depth." 

PNG Exploration and Country Manager Pat Smith said "This intersection is exciting as we have possibly identified the intrusive responsible for the gold mineralisation consistently found at the Nevera prospect. This suggests that we could possibly be at the top of a large mineralised porphyry system. Drilling deeper into this system should confirm this."

NEV027 is currently being logged and sampled. Results for the entire hole are expected to be completed in late December.

Samples from NEV028 are currently at Townsville and results are due out next week. NEV029 is currently at a depth of 624m and has penetrated a typical sequence of mixing zone style alteration and mineralisation.

or visit the GOA website www.goldanomaly.com.au

The information contained in this report relating to exploration results at Gold Anomaly's Crater Mountain project is based on information compiled by Mr Pat Smith MSc. B.Sc. (Hons), an employee of Gold Anomaly Limited. Mr Smith is a member of the Australasian Institute of Mining and Metallurgy and has the relevant experience in relation to the mineralisation being reported upon to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Smith consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.