Bezant Resources Plc.

Published : December 19th, 2007

Bucks market trend with bullish update

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Bezant Resources Plc
                          ('Bezant' or the 'Company')
                                       
            Large Copper Gold Porphyry intersection at the Company's
                      Mankayan Project in the Philippines

Highlights:

� Expansion of the known western extent of the copper and gold mineralisation.
� Over 630m of copper and gold porphyry intersected to date at drill hole
  BRC-50.
� Average Cu-equivalent values (CuEQ) of 0.52% over the entire 636m
  intersection.
� Over 100m of high grade intersections with an average 0.85% CuEQ.

Bezant Resources Plc (AIM: BZT), the AIM listed exploration and development
company with gold and copper assets in the Philippines and gold assets in
Tanzania, is pleased to announce the preliminary assay results for the first
diamond drill hole (BRC-50). This hole forms part of an ongoing 11,000m drilling
program at the Mankayan property, with the project site situated 260km north of
Manila in the Philippines.

BRC-50 is currently drilled to a depth of 981m and assay results have been
returned for a total of 636m of core for the interval 345m to 981m, with the
average assay results of the entire 636m of intersections as follows:

CuEQ              Cu (%)            Au (g/t)          Ag (g/t)
0.52              0.357             0.316             0.855

The drill size of BRC-50 is currently being reduced to allow for deeper drilling
in the order of 1,100m. There are currently two drill rigs operating at the
Mankayan property, with the second drill rig for hole BRC-51 situated on the
southern extent of the deposit currently at a depth of 920m.

The results have provided significant further delineation of the known copper
and gold mineralisation on the western side of the Mankayan porphyry.
Highlighted intersections shown below, comprise of over 100m of composite
intersections with average grades of 0.58% Cu; 0.5g/t Au; 1.55g/t Ag and a 0.85%
average CuEQ*.

Highlighted Intersections

From   To        CuEQ       Cu%       Au g/t       Ag g/t     Interval (m)
372    375       0.80       0.53      0.49         0.80       3
381    384       0.83       0.58      0.45         1.00       3
468    471       0.72       0.46      0.48         1.20       3
480    483       0.75       0.45      0.54         1.30       3
492    495       0.73       0.53      0.37         1.10       3
531    534       0.71       0.52      0.34         1.60       3
558    561       0.72       0.50      0.39         1.40       3
582    588       1.03       0.56      0.87         2.68       6
591    597       0.80       0.55      0.46         1.55       6
609    612       0.92       0.66      0.48         1.20       3
639    642       0.82       0.54      0.51         1.10       3
648    654       1.09       0.69      0.73         2.40       6
657    660       0.93       0.60      0.60         2.40       3
690    693       0.79       0.55      0.43         1.30       3
696    708       0.80       0.58      0.41         1.13       12
714    723       1.13       0.74      0.70         2.62       9
732    744       0.87       0.62      0.45         1.33       12
753    756       1.06       0.77      0.54         1.90       3
768    771       0.71       0.51      0.35         1.30       3
813    816       0.96       0.63      0.60         1.90       3
825    828       0.79       0.53      0.48         1.70       3
891    894       0.96       0.76      0.36         2.50       3
897    900       0.75       0.51      0.43         0.80       3
963    966       0.85       0.61      0.45         1.00       3
Total            0.85       0.58      0.50         1.55       105

At site, the diamond drill core is cut into halves using a diamond saw at the
Company's core handling facility within Mankayan.  Half of the core is retained
for future geological and metallurgical work, while the remaining half of the
core is sent to McPhar Laboratories in Manila for analysis.  At McPhar the core
is dried, crushed, pulverised and a combination of fire assay and atomic
absorption spectrophotometry (AAS) is utilised. McPhar is an ISO 9001 accredited
laboratory (www.mcphar.com.ph).

Clive Sinclair-Poulton, Chief Executive of Bezant, commented:
'We are delighted to have further defined the mineralisation extending to the
western side of the copper gold porphyry deposit. The prospects for 2008 look
very promising and I would like to take this opportunity to thank our
shareholders and employees for their continued support.'

*Copper equivalent values are estimated using long-term metal prices including:
Cu at USD$1.2 per pound and Au at USD$450 per ounce. CuEQ equals Cu per cent.
plus Au grams per tonne times 14.47 / (1.20 (x) 22.05). Metallurgical
recoveries are not considered and adjustment factors to account for differences
in relative metallurgical recoveries for gold and copper will depend upon the
completion of definitive metallurgical testing. It should also be noted that
silver values were not included in the CuEQ calculations.

Dr. Bernard Olivier has reviewed and approved the technical information
contained within this press release in his capacity as a competent person, as
required under the AIM rules. Dr. Olivier is a Member of the Australasian
Institute of Mining and Metallurgy.

For further information, please contact:

Clive Sinclair-Poulton, Chief Executive
Bezant Resources Plc
Email: clive@bezantresources.com
Tel: +353 (0) 85 739 2674

James Harris
Matthew Chandler
Strand Partners Limited
Tel: +44 (0) 20 7409 3494

Gary Middleton
St Swithins PR Limited
Email: gary@swithins.com
Tel: +44 (0) 7951 603 289

Notes for editors:

The Mineral and Production Sharing Agreement covers a total of 534 hectares in
the Guinaoang area of the Philippines (the 'Mankayan Project'). This is located
in the Mankayan-Lepanto mining district, an area of porphyry copper belts in
the Philippines and is similar to several deposits that have already been
developed, such as the St Thomas deposit near Baguio City. The site is adjacent
to the copper/gold mine owned and run by Lepanto Consolidated Mining Company.
The Mankayan-Lepanto area has been mined for centuries and is accessible by both
road and air. The Mankayan deposit was discovered in the early 1970's and since
then, has been extensively drilled with historically four programmes being
completed covering more than 45,000 metres of diamond drilling over 48 holes.
The historic resource estimate is in the order of 166.5 million tonnes at
approximately 0.52 per cent. Copper and 0.54 g/t of gold.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

Bezant Resources Plc.

EXPLORATION STAGE
CODE : BZT.L
ISIN : GB00B1CKQD97
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Bezant Resources is a gold and copper exploration company based in United kingdom.

Its main exploration properties are MKURUMU in Tanzania and MANKAYAN in Philippines.

Bezant Resources is listed in United Kingdom. Its market capitalisation is GBX 14.9 millions as of today (US$ 17.4 millions, € 16.2 millions).

Its stock quote reached its highest recent level on November 09, 2007 at GBX 99.00, and its lowest recent point on April 25, 2024 at GBX 0.02.

Bezant Resources has 745 606 371 shares outstanding.

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Annual reports of Bezant Resources Plc.
Plc - Annual Report
Financials of Bezant Resources Plc.
3/30/2011Interim Results for the six months ended 31 December 2010
Project news of Bezant Resources Plc.
3/4/2011Bezant Resources Plc - New Presentation
2/25/2011Bezant Resources Plc - New Articles
1/25/2008(Mankayan)Increases Philippine project Southwards with latest drilling
Corporate news of Bezant Resources Plc.
12/16/2014Result of AGM
11/13/2014Final Results
11/7/2014Update re Mankayan Project
3/18/2013Plc - Notice of General Meeting and Return of Capital 18 Mar...
12/19/2007 Bucks market trend with bullish update
11/21/2007Bezant's Filipino neighbour sells 20% stake to Chinese for $...
11/6/2007Earns additional 23% in Tanzanian project
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