Results of EGM (8453W)

TIDMHRE

RNS Number : 8453W

Hameldon Resources Limited

25 November 2010

HAMELDON RESOURCES LIMITED (AIM: HRE)

25 November 2010

RESULTS OF EXTRAORDINARY GENERAL MEETING

AND

DIRECTOR DEALINGS

AND

CONVERSION OF LOAN NOTES

Results of Extraordinary General Meeting ("EGM")

Hameldon Resources (the "Company" or "HRE") is pleased to announce that all resolutions put to the shareholders of the Company at the EGM, held today, were duly passed.

Further to our announcement on 26th October 2010, the shareholders have approved the name change of the Company from Hameldon Resources Limited to Athol Gold Limited and an application has now been submitted to the Registrar of Companies in the Cayman Islands to effect the name change. A further announcement will be made once the name change becomes effective.

Director Dealings

Further to the announcement on 22 November 2010, a total of 7,516,000 new ordinary shares of 0.25p each ("New Ordinary Shares") were conditionally issued to Directors, in lieu of directors' fees payable monthly in arrears to them in accordance with the terms of their appointments. The Company also conditionally issued 7,701,008 New Ordinary Shares to settle accrued fees owing to previous directors of the Company.

The Board confirms that conditions precedent to the issuance of New Ordinary Shares have been satisfied. Application has been made for admission of the 15,217,008 New Ordinary Shares to trading on AIM. Admission is expected to occur on 3rd December 2010. On Admission, The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.

Conversion of Loan Notes

Pursuant to the conversion of loan notes, application has been made for the admission to AIM of 80,000,000 new Ordinary Shares ("Conversion Shares"). Admission is expected to occur on 3rd December 2010. On admission, the Conversion Shares will rank pari passu with the existing Ordinary Shares in the Company

Total Voting Rights

Following admission, the Company's enlarged issued share capital will comprise 260,098,202 Ordinary Shares with one voting right per share. The total number of voting rights in the Company is therefore 260,098 202.

This figure of 260,098,202 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

For further details, please contact:

Hameldon Resources Limited

Waseem Shiraz

+44 207 399 4380

Tom Winnifrith +44 1624 676848

Strand Hanson Limited

James Harris / Angela Peace

+44 207 409 3494

Bishopsgate Communications

Nick Rome +44 207 562 3350

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