FGML Falkland Gold

RNS Number:7772V
Cambridge Mineral Resources PLC
16 December 2005



                        CAMBRIDGE MINERAL RESOURCES PLC

                SALE OF INVESTMENT IN FALKLAND GOLD AND MINERALS

Cambridge Mineral Resources plc ("CMR" or the "Company"), the AIM quoted mining
exploration and production company, announces that it has agreed to sell its
investment of 5,750,000 ordinary shares in Falkland Gold and Minerals Limited to
RAB Special Situations (Master) Fund Limited ("RAB") at a price of 10p per
share.  The shares are held by CMR's wholly-owned subsidiary, South Atlantic
Resources Limited.

CMR will deploy the proceeds of sale to accelerate its programme of investment
for gold production in Colombia.


Due to RAB's shareholding in the Company, the sale constitutes a related party
transaction under the AIM Rules.  Having consulted with Westhouse Securities
LLP, the Company's nominated adviser, the Directors of CMR consider the terms of
the transaction to be fair and reasonable as far as shareholders are concerned.

Colin Andrew, Managing Director said:


"Our strategy, which we outlined in April this year, is to focus the business on
our core objectives.  By liquidating this non-core investment and redirecting
the funds received into our gold production programme in Colombia, we are
concentrating our resources where they are best employed to generate a return
for shareholders.  The Colombian assets look to be very promising."


ENQUIRIES:

Cambridge Mineral Resources plc                        Tel: +44 (0) 20 7663 5618
Colin Andrew, Managing Director
candrew@iol.com

Westhouse Securities LLP                               Tel: +44 (0) 161 838 9140
Tim Feather
tim.feather@westhousesecurities.com

Bankside Consultants                                   Tel: +44 (0) 20 7367 8888
Michael Padley / Michael Spriggs

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