Offer Update

Minerva Resources plc (AIM : MVA) ("Minerva Resources" or "the Company") Change of Board Further to the announcement by Dwyka Resources Limited ("Dwyka") stating that the recommended offer for the Company is now unconditional in all respects, the entire board of Minerva Resources (Andrew Daley, Terrance Ward, John Bottomley and Roger Clegg) have now resigned and have been replaced by existing directors of Dwyka. Melissa Sturgess has been appointed as CEO and Chairman. Melissa has 15 years experience in the junior resources sector in various corporate development roles. She was a founding director of Churchill Mining Plc and Sylvania Resources Limited and is currently Chairman and CEO of Dwyka. Terence (Terry) McConnachie has been appointed as a Non-executive Director Terry has 25 years' experience in mining and beneficiation of ferro-alloys and precious metals. He has served as CEO of Welprop Mining Services and more recently of JSE-listed South African Chrome & Alloys Limited, a black-empowered mining company which he was instrumental in building into a multi-million Rand operation. He has implemented a number of greenfields operations in gold, manganese, aluminium, graphite and tantalite. He is the major shareholder and CEO of Alumicor (Pty) Limited, which is constructing an aluminium dross and scrap smelting facility in South Africa. Terry is currently the Managing Director of Sylvania Resources Limited (listed on AIM and ASX). Dr Evan Kirby has been appointed as a Non-executive Director Dr Evan Kirby is a metallurgist with over 30 years of international involvement. At the end of 1975, he moved to South Africa and worked for Impala Platinum, Rand Mines and then Rustenburg Platinum Mines. In 1992, he moved to Australia to work for Minproc Engineers and then Bechtel Corporation from 1997 until 2002. After leaving Bechtel, he established his own consulting company and has had ongoing mining project involvement. Evan's personal "hands on" experience covers the financial, technical, engineering and environmental issues associated with a wide range of mining and processing projects. Cancellation of AIM Listing As Dwyka has received valid acceptances of the offer in respect of more than 75 per cent. of the voting rights attached to the Minerva Resources shares, Dwyka is taking steps to procure the cancellation of Minerva Resources' admission to trading on AIM. It is anticipated that cancellation of trading will take effect at 7.00am on 23 July 2009. The cancellation of the trading of Minerva Resources' shares will significantly reduce the liquidity and marketability of any Minerva Resources shares not assented to the offer as there will be no market facility for dealing in the Company's shares post cancellation.. Melissa Sturgess, CEO, commented "I encourage all remaining Minerva Resources shareholders to accept the offer made by Dwyka so that they have an opportunity to continue to trade their shares on the AIM platform." For further information please contact: Melissa Sturgess, CEO and Chairman Minerva Resources plc Tel: +44 (0)78 2555 1397 James Joyce/ Sarang Shah W. H. Ireland Tel: +44 (0)20 72201666 E-mail: Nick Rome Bishopsgate Communications Ltd Tel: +44 (0)20 75623350 E-mail: Melissa Josephine Sturgess - Age 42 Current Directorships Dwyka Resources Limited Washington Resources Limited Past Directorships held within last five years Bezant Resources Plc Churchill Mining Plc KimCor Diamonds plc Sylvania Resources Limited Vail Capital Pty Ltd Evan Kirby - Age 58 Current Directorships Bezant Resources Plc, China Goldmines Plc Dwyka Resources Limited Global Resources Ventures Limited Great Australian Resources Limited. Metallurgical Management Services Pty Ltd Past Directorships held within last five years Sylvania Resources Limited Washington Resources Limited Wedgetail Exploration Limited Terence Michael McConnachie - Age 53 Current Directorships Danyland Mining SA Dwyka Resources Limited Dwyka Resources SA Great Australian Resources South Africa Hacra Mining and Exploration Company Kyan Assets Mining Corporation SA Ruukki Group Oyj Summer Sun Trading 210 Sylvania Mining Sylvania Resources Limited Sylvania South Africa Past Directorships held within last five years Alumicor Intellectual Property Alumicor Maritzburg Alumicor SA Holdings Merafe Chrome and Alloys Merafe Ferrochrome and Alloys Merafe Resources Nduzi Real Estate Projects Sylvania Metals Sylvania Minerals No further information is required to be disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.