TIDMENK

RNS Number : 0752F

ENK PLC

11 June 2012

Zambales Resource Update

11 June 2012 - ENK plc ("ENK" or the "Company") (AIM, PLUS, ASX: ENK) makes the following announcement with respect to the JORC resource upgrade for its Zambales Chromite Mining Corporation ("Zambales") tenement. The Company, in consultation with its resource consultant Snowden Industry Mining Consultants ("Snowden") of Perth, has determined that the historic Falconbridge test pit data collected in the 1970's, which was used to calculate the previous JORC Inferred resource estimate of 23.5 million tonnes grading 1.18% Ni and 0.05% Co, is of insufficient detail to be used in the calculation of a JORC Indicated resource estimate due to the lack of ancillary elements and detailed logging data that the newer drilling data has provided. As such the Company will now undertake the drilling of additional holes, adjacent to the historic test pits, to collect this missing data.

Upon the completion of the current drill programme at Acoje which is expected within the next 2 weeks, the 4 drill rigs will be relocated immediately to the Zambales tenement. A drill programme is now planned which will provide the data required to enable Snowden to provide a JORC Indicated resource estimate for this tenement. The Zambales resource update is now expected to be available by the end of September 2012.

The delay in the Zambales resource update should not impact the Acoje Feasibility Study as it is being planned to utilise limonite ore from the Zambales tenement only as an ore "top-up", and sufficient data exists to model this.

Partial repayment of Loans from Local Partner

The Company is also pleased to confirm that local partner, Montemina Resources Corporation, has repaid US$2 million of intercompany loans to ENK, after receiving the first payment from Golden Harvest Global Corporation, as announced on 6 June 2012.

The information provided within the release that pertains to the Mineral Resource is based upon information provided by Mark Gordon Gifford, MSc (Hons) FAusIMM. Mr Gifford is a fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity to which he is undertaking to qualify as a competent person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Gifford is a consultant geologist and advisor to ENK PLC. Mr Gifford consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

For more information or to view a copy of this document, please visit www.enk.co.uk or contact:

Mark Hanlon, Finance Director, ENK Tel: +61 8 9226 1111

Robert Gregory, Managing Director, ENK Tel: +63 917 513 4970

Chris Sim or Neil Elliot, Investec Bank plc Tel: +44 20 7597 5970

   Tim Blythe or Matthew Neal, Blythe Weigh Communications                    Tel: +44 20 7138 3204

This information is provided by RNS

The company news service from the London Stock Exchange

END

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