ATH Resources plc
11 August 2004


Press Release                                                     11 August 2004

                               ATH Resources plc

                                Business update


               Land sale, French subsidiary Board appointment and

                     #2.5 million fleet equipment purchase


ATH Resources plc ("ATH" or "the Company"), one of the UK's largest coal
producers, today issues an update on business developments.

Land sale

At the end of August 2004, ATH Resources will complete on the sale of part of a
former opencast coal site in East Ayrshire for #425,000 to a local house
builder.  The disposal comprises of 18 acres of land with outline planning
permission to construct 36 houses.

French subsidiary Board appointment

Monsieur Michel Guy has joined the Board of SRMMC, ATH Resources' French
opencast mining subsidiary, with responsibility for developing markets for the
Company's forthcoming coal sites in France.  He has held a number of leading
positions in the French coal market, in both State owned and private businesses.
Michel is currently the Managing Director of Charbon et Fuels in Paris where
he places approximately 2MTpa of coal into the French and European markets.

Fleet equipment purchase

The Directors have approved the acquisition of five Terex dumptrucks and two
Caterpillar bulldozers as part of its strategy to maintain an efficient and
modern fleet.  The total cost of the purchase is #2.5m and represents
approximately 7% of the replacement value of the current fleet.   ATH Resources
plant fleet is generally financed and operated over five to ten years and has an
operational life in excess of 20,000 hours.

Tom Allchurch, Chief Executive of ATH Resources, said:

"These are all exciting developments for ATH Resources, with the successful
flotation behind us, we feel that the addition of Michel, whose local knowledge
and experience of the French coal market will be of great value to us as our
growth strategy continues to develop."

                                    - Ends -



For further information:
  ATH Resources
  Tom Allchurch, Chief Executive                       Tel: +44 (0) 1302 760 462
  tom@ath.co.uk                                                    www.ath.co.uk

Media enquiries:
  Abchurch
  Sarah Hollins                                        Tel: +44 (0) 113 390 6388
  sarah.hollins@abchurch-group.com
  Henry Harrison-Topham                                Tel: +44 (0) 20 7398 7700
  henry.ht@abchurch-group.com                             www.abchurch-group.com


Notes to Editors:

ATH Resources is an AIM-listed operator of opencast coal mines in the UK with
its current two operational mines, Skares Road and Garleffan, located near New
Cumnock, East Ayrshire in Scotland.  The Company is currently the third largest
producer of coal in the UK producing approximately 1.6 million tonnes per annum.
Coal was used to generate 34.7 per cent of the UK's electricity in 2003 and
the Company holds coal supply contracts with four of the UK's main electricity
generating companies.

The management team has been in place since 1998. It acquired the rights to
operate (and subsequently acquire) the Skares Road mine with support from The
Alchemy Plan and Bank of Scotland.   Following ATH Resource's incorporation in
October 2003, and backed by a follow on investment from The Alchemy Plan, the
Company acquired the Garleffan mine in November 2003.

In addition to the Skares Road and Garleffan mines, the Company also has a
number of other coal mining projects in Scotland and two through its French
subsidiary, SRMMC including a series of six existing coal concessions in
south-central France, covering an area of 4,500 hectares with an estimated
resource of approximately 4.5 million tonnes of recoverable coal.  In addition,
it also has 287 hectares of land with a coal resource of approximately 3.2
million tonnes in Central France.

ATH Resources listed on the AIM market of the London Stock Exchange in June 2004
under the symbol ATH.L



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