AGU Angus&Ross

RNS Number:6863V
Angus & Ross PLC
30 April 2007

                                  PRESS RELEASE

                                Angus & Ross plc

                 Uranium joint venture for Australian associate

Angus & Ross plc ("A&R"), the AIM listed mining exploration company with
interests in Greenland, Brazil and Australia, is pleased to announce that its
28% owned Australian associate, ASX listed Queensland Gold and Minerals Ltd ("
QGM") has signed an exploration joint venture agreement with Canadian listed
explorer Mega Uranium Ltd. ("Mega").

Under the terms of the agreement, Mega will be required to spend a minimum of
A$50,000 for each of the next five years, exploring for uranium on QGM's
tenements near Georgetown in North Queensland. In return, Mega, which owns the
rights to the Ben Lomond and Maureen uranium deposits in North Queensland, will
gain an 80% share of any ensuing mining development.

QGM's Managing Director, Adrian Day said," This agreement is a bonus for QGM
shareholders because when we listed on the ASX in January this year our priority
was on gold prospects, not the uranium potential of our properties".

A&R's Finance Director Paul Williams commented,  "Coming shortly after the joint
venture with Oxiana at QGM's Warroo property, this new agreement recognises both
the quality and broader potential of QGM's prospects and can only be viewed as
further good news for Angus & Ross shareholders".


                                     -ENDS-



For further information contact:

Robin Andrews, Chairman              01751 430988
Paul Williams, Finance Director      01606 855022


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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