27 January 2009

                        NEPTUNE MINERALS PLC

              Notice of Intention to Propose Directors

Neptune Minerals plc ("the Company")  (AIM: NPM) advises that it  has
received notices,  in  accordance  with  the  Company's  Articles  of
Association, from Clachan Nominees Limited A/C Holdings and New Smith
Opportunities Private  Equity Fund  LP on  22 January  2009 of  their
intention to propose  resolutions at the  forthcoming Annual  General
Meeting ("AGM") to be held at 11am on 30 January 2009 to appoint  the
following as directors of the Company.


  * Christopher John Rowe and Douglas Harry Winton (nominated by
    Clachan Nominees Limited A/C Holdings); and
  * Peter Adrian Vanderspuy and Sadiq Currimbhoy (nominated by
    Newsmith Opportunities Private Equity Fund LP).


Any shareholder  who has  appointed a  proxy should  note that  their
proxy will be entitled to vote as  he or she thinks fit on the  above
resolutions, if  they are  proposed.   Shareholders may  terminate  a
proxy's appointment or, if they  have appointed the Chairman,  direct
how the Chairman should vote on these resolutions, if they are put to
the meeting, by sending  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 effective,  notice
must be received by Share Registrars Limited at the above address  or
to the above fax number prior to 4.30pm on 29 January 2009.

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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