Morobe update

Triple Plate Junction Plc

("TPJ" or the "Company")

Morobe Project Update - PNG

The Company has received notification from its project partner, Newmont Ventures Limited, a subsidiary of Newmont Mining Corporation (NYSE:NEM) ("Newmont"), that it will not be allocating a development budget to the joint venture's Morobe project for 2013. TPJ is currently considering the implications of Newmont's decision. Newmont, as the Company's largest shareholder, has confirmed that it will work with TPJ to try to ensure that the next steps for the project are successful and result in its continued development.

Further news regarding the development of the asset will be announced in due course.

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