Result of General Meeting

For immediate release:16 December 2011

Creon Corporation plc

("Creon", "the Company" or "the Group")

Result of General Meeting

The Board of Creon Corporation plc (AIM: CRO.L) is pleased to announce that, following the general meeting of shareholders of the Company ("Meeting") held earlier today, all proposed resolutions have been duly passed.

Accordingly, the Directors are pleased to confirm that restoration in trading of the Company's ordinary shares on AIM will commence at 7:30 a.m. on Monday 19 December 2011.

Application for the admission of 278,000,000 New Ordinary Shares has been sought and admission is expected to occur on 19 December 2011. Following admission the Company's share capital will comprise 322,190,545 ordinary shares of 0.1 pence each and 44,190,545 Deferred Shares of 0.9p each. The Deferred Shares will not be admitted to trading on AIM. It is the intention of the Board to purchase the Deferred Shares in due course in accordance with the provisions of the new Articles of Association of the Company adopted at the Meeting.

In addition, the Board is pleased to confirm that shareholders have approved changing the Company's name to Creon Resources plc . The Directors expect the change to be effected later today and trading in the new name is expected to commence at 7:30 a.m. on Monday 19 December 2011. The Company's ISIN and TIDM will remain unchanged.

Board Changes

Mr Robert Eijkelhof, Non Executive Director, has resigned from the Board with effect from the conclusion of the Meeting. The Board wishes to thank Robert for his invaluable contribution to the Company and wishes him well for the future.

The Company is pleased to confirm the appointment of Mr Aamir Ali Quraishi, as detailed in the circular to shareholders of 30 November 2011. There are no further disclosures pursuant to AIM Rule 17, Schedule Two (g) in respect of Aamir's appointment.

Further information please contact:

Note to Editors:

It is proposed that the Company's Investment Policy will be to invest principally, but not exclusively in the resources and/or resources infrastructure sectors, with no specific national or regional focus. The Company may be either an active investor and acquire control of a single company or it may acquire non-controlling shareholdings.

The proposed investments to be made by the Company may be either quoted or unquoted; made by direct acquisition or through farm-ins; may be in companies, partnerships, joint ventures; or direct interests in resources projects. Target investments will generally be involved in projects in the exploration and/or development stage. The Company's equity interest in a proposed investment may range from a minority position to 100 per cent. ownership.

The Company will initially focus on projects located in the Middle East and Asia but will also consider investments in other geographical regions.

The Company will identify and assess potential investment targets and where it believes further investigation is required, intends to appoint appropriately qualified advisers to assist.

The Company proposes to carry out a comprehensive and thorough project review process in which all material aspects of any potential investment will be subject to rigorous due diligence, as appropriate. It is likely that the Company's financial resources will be invested in a small number of projects or potentially in just one investment which may be deemed to be a reverse takeover under the AIM Rules.

Where this is the case, it is intended to mitigate risk by undertaking an appropriate due diligence process. Any transaction constituting a reverse takeover under the AIM Rules will require Shareholder approval. The possibility of building a broader portfolio of investment assets has not, however, been excluded.

The Company intends to deliver shareholder returns principally through capital growth rather than capital distribution via dividends. Given the nature of the Company's Investing Policy, the Company does not intend to make regular periodic disclosures or calculations of net asset value.