Update & Notice of AGM

RNS Number:9344L
Falkland Gold and Minerals Ltd
17 January 2008



               Falkland Gold and Minerals Limited (the "Company")

                      Shareholder Update and Notice of AGM




17 January 2008



The Company announced on 16 November 2007 that if, by the year end, no
economically significant mineralisation had been identified in the Falkland
Islands then it intended to deploy its remaining cash balances, and a fully
equipped and experienced exploration team with two drill rigs and ancillary
equipment to prospective areas elsewhere in the world.

The Board of FGML can now confirm that the Company has not been able to identify
any mineral deposits of economic interest and that the Company's exploration
programme in the Falklands has been completed.

The Company's 2008 AGM will be held on the 4th of March and a resolution
addressing the Company's strategy will be put to shareholders at that time.




Enquiries:


Falkland Gold and Minerals Limited
Richard Linnell (Chairman) +27 82 440 6710


W.H. Ireland Limited
James Joyce/ Sarang Shah +44 (0)20 7220 1666



In accordance with AIM rules - guidance for mining, oil and gas companies, the
information contained in this announcement has been reviewed and signed off by
the Board of Directors and by the Operations Manager, Mr. Derek Reeves, who has
over 23 years of experience as a geologist.




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

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