REG-Lotus Resources Plc: Trading Statement

19 May 2009

Lotus Resources Plc

Transfer of First Exploration Licence

Completion of Initial Exploration Programme

First Revenues Secured

Lotus Resources Plc, (`Lotus' or `the Company'), is engaged in the development
of mining and exploration projects in Mongolia and China.

Lotus is pleased to announce that, following the signing of a joint-venture
agreement in February with GXT LLC, the transfer of the first Exploration
Licence to the joint venture company has been completed. Initial exploration
results have confirmed the Russian trenching and drilling data estimates of
297,000 tonnes of fluorspar and the joint-venture company is now in the process
of applying for a mining licence.

Lotus is also pleased to announce that it has entered into a fluorspar trading
agreement with MGB Mining LLC that has begun to generate a small amount of
revenue .This arrangement allows Lotus to be involved, at an early stage, in a
growing, profitable business while also giving it access to a market for the
fluorspar that will be produced from all the proposed mines.

Simon Longworth, Chief Executive, commented:

"This is the first step towards developing a profitable fluorspar mining and
processing business in an area of the world that offers significant
opportunities. We have a supply contract in place for the fluorspar we produce
and we expect to make further positive announcements in the coming weeks.

In addition to the three signed joint ventures Lotus has a number of other
fluorspar exploration and mining initiatives under active consideration."

Editors' Note

On 29 January and 27 February 2009 we announced that an opportunity had been
identified in Mongolia to develop an interest in the mining and processing of
metallurgical grade fluorspar for use in the steel industry and as part of the
development of this opportunity, three joint venture agreements were signed
with separate Mongolian partners to conduct exploration for fluorspar.

Lotus Resources Plc

Simon Longworth, Chief Executive

Tel: +976 8800 8983 and +86 (0) 1350 107 0840

James Benson, Finance Director

Tel: +44 (0) 7768 242 660

Mazars Corporate Finance Limited

Stephen Skeels

Tel: +44 (0) 20 7063 4000

END