RNS Number:9325Y
Investika Ltd
25 June 2007

                                 INVESTIKA LTD





                           URANIUM EXPLORATION UPDATE





25 June 2007



UMC Energy plc, in which Investika Ltd presently has a 20.5% interest, has
released the following announcement:

"The directors of UMC Energy (AIM : UEP) are pleased to advise the receipt of
the first assay results from its Folokara District exploration leases in the
Morondava basin in Madagascar.

These are preliminary values from the initial batch of 36 samples which were
submitted, in mid-May 2007, to Activation Laboratories in Canada for analysis.
Final values are awaited.

The samples were prepared from the diamond drill cores obtained from two, of a
total of six, initial vertical scout holes drilled just before the onset of the
Madagascan rainy season, during which these leases are inaccessible. Samples
were selected using radiometric scanning of core material.

The holes were drilled as an exploratory measure to verify the presence of
uranium mineralisation indicated in the historical exploration database which
was acquired by the Company in late 2006 and as an indication of the type of
ground conditions that could be expected for the 2007 drilling programme.

Hole FOL06-1 intersected 4.26m @ 0.019%U3O8 below 13.70m, and 3.42m @ 0.036%U3O8
below 17.43m. Core recovery was over 88%.

Hole FOL06-2, located 100m north of FOL06-1, intersected 7.60m @ 0.039%U3O8
below 23.70m, including 1.10m @ 0.251%U3O8 below 27.70m.

The latter zone contained visible secondary uranium minerals in an oxidised
sandstone, and core recovery was over 99%.

The Company is encouraged by this preliminary result and will make further
announcements when results from the 2007 exploration drilling programme, which
began in mid-June, are received.

Mr Michael Smith, CEO of the Company, is a member of The Association of Mine
Managers of South Africa and is the qualified person who has reviewed and
approved the technical information contained in this announcement."



Enquiries to:



Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480



James Joyce
WH Ireland Limited
Telephone: 020 7220 1666


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

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