Total Voting Rights

24 Jul 2008 13:36



BERKELEY MINERAL RESOURCES PLC

CONVERSION OF LOAN 

TOTAL VOTING RIGHTS

Berkeley Mineral Resources Plc ("BMR" or the "Company"), is pleased to announce that the Quazer Group Corporation ("the Lender") has agreed to convert the loan of £300,000 made to the Company in November 2007, into shares of 1p each at a conversion price of 1 ordinary share for each 1p of loan converted. The new ordinary shares representing 11.72% of the enlarged share capital will rank pari passu with the existing ordinary shares.  Application will be made to the London Stock Exchange for the 30,000,000 ordinary shares to be admitted to trading on AIM and dealings are expected to commence on 31 July 2008.

Following the allotment of the 30,000,000 ordinary shares, the Company's issued number of ordinary shares of 1p each and therefore its total number of voting rights will be 255,882,097.

As announced in November 2007, the Lender is entitled to subscribe for one Warrant for every Ordinary share so converted by paying 1p per Warrant. The exercise price of the Warrants will be 1p per share. The Board of Directors has agreed to extend the expiry date of the Warrants for a further 12 months from 9th November 2008 to 8th November 2009.

24 July 2008

For further information please contact:

Masoud Alikhani 020 7408 1181

Berkeley Mineral Resources Plc

Michael Padley 020 7011 9411

Lothbury Financial