28 January 2009

                        NEPTUNE MINERALS PLC

              Notice of Intention to Propose Directors

Neptune Minerals  plc  ("the Company")  (AIM:  NPM) announced  on  27
January 2009 that Clachan  Nominees Limited A/C Holdings  ("Clachan")
and New Smith Opportunities Private  Equity Fund LP ("Newsmith")  had
served notice of their intention to propose at the forthcoming Annual
General Meeting  ("AGM")  to be  held  at  11am on  30  January  2009
resolutions ("the Resolutions") to appoint the following as directors
of the Company.


  * Christopher John Rowe and Douglas Harry Winton (nominated by
    Clachan); and



  * Peter Adrian Vanderspuy and Sadiq Currimbhoy (nominated by
    Newsmith).


A  number  of  shareholders   have  contacted  the  Company   seeking
clarification on how to  vote on the  Resolutions.  Some guidance  is
set out below.

1.                  attend the meeting; or

2.                  if they have already appointed a proxy, they  may
give directions to the proxy as to how the proxy should vote on these
Resolutions.  The  direction does  not need  to be  in any  specified
format.  If shareholders have appointed  the Chairman as proxy,  they
may send notice, by hand or post, to Share Registrars Limited,  Suite
E, First Floor, 9 Lion and Lamb  Yard, Farnham, Surrey GU9 7LL or  by
fax to +44 (0) 1252  719 232 to be received  by 4.30pm on 29  January
2009, setting out directions to the Chairman as to how he should vote
on the Resolutions;

3.                   in  the   case  of  a   shareholder  who  is   a
corporation, they  could  appoint  a  representative  to  attend  the
meeting  on  behalf  of  the  corporation  and  exercise  all  rights
attaching to those shares, including voting on the Resolutions should
they be put to the meeting.

Unfortunately, the  deadline  for submitting  a  proxy form  has  now
passed.

For more information please contact:


Simon McDonald (Neptune MD and CEO):          T: +61 (0) 2 9957 5244
By email to the Company                       info@nepmins.com

Fiona Owen (Grant Thornton UK LLP, Nomad):    T: +44 (0) 20 7383 5100

Rozanne Ichikowitz (Grant Thornton, Sydney):  T: +61 (0) 2 8297 2522

Daniel   Fox-Davies   (Fox   Davies   Capital T: +44 (0) 20 7936 5230
Limited, Broker):

Nadja Vetter/Sofia Rehman/Matthew Law (Cardew T: +44 (0) 20 7930 0777
Group, PR):                                   T: +44 (0) 7941 340 436

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