REG-Lotus Resources Plc: Operations Update

Lotus Resources Plc

Transfer of Mining Licence

First Sale of Fluorspar from Trial Mining

Lotus Resources Plc, ('Lotus' or the 'Company'), which is engaged in the
development of mining and exploration projects in Mongolia and China, announces
that, following the signing of its joint-venture agreement with Amguulan LLC,
announced on 19 June, the Mining Licence has now been successfully transferred
to the Joint Venture Company.

The Mining Licence is located in Dornogobi Province, Mongolia and the project
has an approved resource of 170,000 tonnes of fluorspar. An Environmental
Assessment and Mining Plan are now being prepared and, once approved, it is
expected that open pit mining will be able to commence in August 2009.

Lotus is also pleased to announce that it has made initial sales of fluorspar
from the Dai Uul project owned by Lotus Dai Uul LLC. The fluorspar is being
sold under a previously announced sales contract with MGB Mining LLC to
customers in Russia. The revenue from this activity is expected to more than
cover the current costs incurred by the Dai Uul Joint Venture.

Simon Longworth, Chief Executive, commented:

"The successful transfer of the Mining Licence from the Mongolian owner to the
Joint Venture Company is another significant step towards achieving our aim of
building a profitable fluorspar mining and processing business in Mongolia. We
are now in a position where we can quickly bring several fluorspar mines into
full scale production.

"The sales from the Dai Uul property mean that this project is now self
financing.

"The Company has a number of other fluorspar exploration and mining properties
under consideration and is confident that it can quickly expand this business
over the next six to nine months."

Editors' Note

On 29 January and 27 February 2009 Lotus 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 have been
signed with separate Mongolian partners to conduct exploration for fluorspar.
The signing of the fourth joint venture agreement with Amguulan LLC was
announced on 19 June 2009.

6 July 2009

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

Lothbury Financial

Michael Padley / Ron Marshman Tel: +44 (0) 20 7011 9411

END