ATH Resources Plc : Update on Restructuring

15 October 2012 Update on Restructuring

On 5th October 2012, the Company announced that it was in discussions with its key stakeholders to secure support for a proposed refinancing plan. Consultations with key stakeholders, including the Company's lenders, are continuing, but developments over the past week have led the Directors to believe that the Company is unlikely to attract the level of capital required to continue operating without a restructuring of the Group. Given the level of liabilities within the Company, it is unlikely that shareholder value will be maintained following any possible restructuring.

Accordingly, the Company has instructed Deloitte LLP to advise on all restructuring options that may be available and to assist the Board in considering the merit of any proposals from parties who may be interested in investing in or acquiring the business.

The Company will update the market on developments in due course.

For further information:

ATH Resources plc
David Port, Non Executive Chairman	Tel: [phone]
Alistair Black, Chief Executive
Andrew Weatherstone, Finance Director
	www.ath.co.uk
Seymour Pierce Limited	Tel: [phone]
Stewart Dickson (Nominated Adviser)	www.seymourpierce.com
Richard Redmayne / Katie Ratner (Broker)
Hudson Sandler	Tel: [phone]
Andrew Leach / Charlie Jack / Katie Matthews