Cambridge Mineral Resources plc: AGM Statement

Colin Andrew, Managing Director of Cambridge Mineral Resources plc (AIM: CMR) ("CMR" or "the Company"), the mining exploration and production company, will make the following comments at today's Annual General Meeting:

"The progress that the Company made in 2006 has continued into the current year. As was stated last year we have focused our operations in two centres - South America and Europe - where we have made progress towards delivering on the business strategy outlined at last year's AGM.

"However, firstly I will address the recent suspension of the shares which was a result of the change in our Nominated Advisor.

We are in the process of appointing a new Nomad, however the due diligence requirements under the latest AIM rules stipulate that each of our projects has to be legally and technically verified, and since we now have over 15 projects worldwide this is taking time. Once this process is complete, the new Nomad can then be formally appointed and the suspension lifted. We are also in the process of appointing a new broker.

"Turning to our operations, we have made progress in Colombia, Peru and also Europe where we have added uranium to our growing portfolio of assets. The Company's Reserves and Resources have grown rapidly and now include: 2.8m ozs of gold; 79.1m ozs of silver; 1,560m lbs of copper; 1,931m lbs of zinc, over 2,600m lbs of lead and 1.5m lbs of uranium in Bulgaria. These assets have a total in-situ value, based on current prices, of US$16.26 billion.

"We are working towards bringing a number of projects into production over the next two years. Project finance negotiations are progressing satisfactorily. We expect to bring Quintana, our Colombian gold mine into production around the end of 2007, followed by Rasuhuilca, our Peruvian silver mine, and other projects during 2008.

"CMR's clear business strategy is now coming to fruition. The Company's resource base has been further strengthened and we have acquired a number of high-grade gold mines that can be developed rapidly.

"We have selected a new Nomad and Broker team that we believe will be supportive and help us achieve our aims. We have a strong management team, a balanced portfolio of projects, some of which will become producing assets in the very near future, and we have a strategy in place that we believe will enable us to deliver shareholder value."

Editors' Note

Cambridge Mineral Resources plc is an AIM-quoted mining and exploration company. Its principal focus is the exploration for and production of gold and base metals in the following key target areas:

- South America: Colombia and Peru

- Europe: Spain, Bulgaria and Serbia

The Company has a strong portfolio of mineral projects at varying stages of commercialisation, supporting its strategy of providing shareholders with attractive upside opportunities.

The in-situ value of the deposit is estimated to be in excess of US$16.26 billion, based on recent prices(i) ((i)Au US$675/oz, Ag US$13.25/oz, Cu US$7,915/t, Zn US$1.78/lb, Pb US$1.65/lb, U US$130/lb - 20th July 2007).

Contacts: CAMBRIDGE MINERAL RESOURCES PLC Colin Andrew Managing Director +44 (0) 20 7663 5618 Email: candrew@iol.ie BANKSIDE CONSULTANTS Michael Spriggs / Michael Padley +44 (0) 20 7367 8888