Target Resources Plc mining operations are focused
on alluvial diamond and gold mining in Sierra Leone

Andrew Greenblatt, Pride's Chief Executive Officer said,
"I am delighted at becoming a part of a company that, in my opinion, has both the strongest and most ethical alluvial operation in Sierra Leone.”

Pride's commitment to developing socially responsible mining operations complements Target's own policies of fostering good relations with the chiefdoms where the Company operates. In this connection, Target during November 2006, handed over a newly constructed school building to the people of Bagbema.

In seeking to combine its assets with those of Target, Pride's directors have recognised the quality of Target's leases, its responsible mining practices and the commitment Target has made to Sierra Leone. Pride is gaining the benefit of Target's larger lease areas, whilst Target has the benefit of previously unavailable dredging capability.Pride's initial area of focus has been the mining of alluvial diamonds through river dredging on its 7 acre lease in Kenema District.

www.target-resources.co.uk