🕐12.03.12 - 14:00 Uhr

ORTAC RESOURCES LTD - HENDERSON GLOBAL INVESTORS INCREASES HOLDING IN ORTAC TO 10.61%



Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration 12 March 2012 Ortac Resources Ltd (Ortac or the Company) Holdings in Company Ortac Resources Ltd the AIM listed exploration and development company focussed on precious metal projects in Europe, received notification on 8 March 2012 that following an acquisition of ordinary shares in the Company on 7 March 2012, Henderson Global Investors is now interested in 245,841,095 shares, representing 10.61% of the issued share capital and voting rights of the Company. Ortac CEO Vassilios Carellas said, "We are delighted that Henderson Global Investors, our major institutional shareholder, has increased its holding from 4.5% to 10.61% indicating its confidence in our company as we continue to build value across our portfolio of precious metals assets in Slovakia.

2012 is set to be an exciting time for Ortac, having already had the highly positive results from the Scoping Study on our �turec gold-silver deposit in Slovakia we are now progressing the project towards the Bankable Feasibility stage." **ENDS** For further information please visit www.ortacresources.com or contact: Vassilios Carellas Ortac Resources Ltd Tel: +44 (0) 20 7389 9050 Charles Wood Ortac Resources Ltd Tel: +44 (0) 20 7389 9050 Jeremy Stephenson Seymour Pierce Limited Tel: +44 (0) 20 7107 8000 Stewart Dickson Seymour Pierce Limited Tel: +44 (0) 20 7107 8000 Catherine Leftley Seymour Pierce Limited Tel: +44 (0) 20 7107 8000 Jeremy King Optiva Securities Ltd Tel: +44 (0) 20 3137 1904 Jason Robertson Optiva Securities Ltd Tel: +44 (0) 20 3137 1906 Susie Geliher St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Notes: Ortac Resources Limited is an AIM listed exploration and development company focussed on natural resource projects in Europe.

Its primary focus is on precious metals exploration and development within the Carpatho-Balkan Metallogenic Belt, primarily the Central Slovakian Volcanic Field. The Company has a current JORC compliant resource of 1.1Moz of gold equivalent from its �turec Project in Slovakia, and a scoping study on the project was completed in January 2012.

The Companys objective is to complete a bankable feasibility study (BFS) and environmental and social impact assessment (ESIA) of the project, with a view to bringing the �turec Project into production for the benefit of all stakeholders. The Companys strategy is to utilise its highly experienced board and management team and its solid foothold in Central Europe to consolidate additional natural resource development opportunities to build shareholder value.
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