Update on resources report

17 October 2012

Strategic Natural Resources Plc

("SNR" or the "Company")

Update on Resource Report

In SNR's 2012 annual report, it was highlighted that the Company has commissioned Minxcon to compile a resource update and a full SAMVAL reserve statement over the Company's resource base. Minxcon are currently incorporating data from additional areas which have been identified as part of this process and the report will be finalised once this has been included. Management anticipate that the results of this report will be able to be released before the end of October. A further announcement will be made when appropriate.

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For further information about Strategic Natural Resources plc please visit www.snrplc.co.uk