RNS Number:9945L
Angus & Ross PLC
06 June 2003



NEWS RELEASE

Thursday, June 05, 2003



At the extra-ordinary General Meeting of Angus & Ross Plc on Thursday, 5th June,
shareholders voted unanimously for the acquisition of Queensland Tantalite Pty
Ltd.

The Chairman of Angus & Ross Plc, Mr. Robin Andrews said "This is the rebirth of
Angus & Ross Plc into a gold company with focus on Queensland (Australia) where
world class gold deposits are being exploited in an area of low sovereign risk."

Queensland Tantalite Pty Ltd holds a 100% interest in the Rutherford's Table
epithermal gold system which will be bulk sampled this year. The Grant's Gully
alluvial and hard rock tantalum-gold deposit will also be bulk sampled and the
Top Camp gold deposit in the Mt Isa district will undergo systematic
exploration. All these preliminary works are subject to Angus & Ross's ability
to raise the necessary initial development capital.

The vendors of the Queensland assets into Angus & Ross Plc comprise six
geologists, one mine manager and one metallurgist, all of whom have each had
more than 30 years experience in the mining industry. The vendors continue to
bring gold projects in Queensland to Angus & Ross Plc, the first of which is the
Waroo area. Initial exploration in the Waroo area is funded by Placer Pacific
Ltd (a subsidiary of Placer Dome) and, if results are attractive, Angus & Ross
Plc will enter into a joint venture arrangement with Placer Pacific Ltd.





For further information, please contact:

Robin Andrews                         Chris Parry
Chairman                              Chief Operating Officer
Angus & Ross Plc                      Angus & Ross Plc
01751 430 988                         01732 780 901
robin_andrews@angusandross.com        chris_parry@angusandross.com


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

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