Statement re Share Price Movement

12 Feb 2009 10:36

KRYSO RESOURCES plc ("the Company") Statement re Share Price Movement

The board of directors of the Company note the recent rise in the share price and confirm that they are in advanced discussions concerning a possible financing.

The financing, as currently envisaged, would involve the issue of a Convertible Loan Note to raise £500,000 convertible at 5.5p per share. At the same time the Company would enter into a conditional subscription agreement, conditional inter alia on due diligence, to raise further equity at a price per share of approximately 8.78p.

There can be no certainty that the financing will be concluded or that definitive agreements will be signed.

A further announcement will be made in due course.

For further information, please contact:

Kryso Resources plc

Vassilios Carellas / Craig Brown

Telephone: 020 7371 0600Ruegg & Co LtdBrett Miller/Roxane MarffyTelephone: 020 7584 3663