Offer Update - La Mancha TSX:LMA
Published : July 31, 2012
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LONDON--(Marketwire - July 31, 2012) -

LUXEMBOURG, July 31, 2012 - Weather Investments II S.A.R.L. ("Weather
II" or the "Offeror") is pleased to announce that, pursuant to its
offer to acquire all of the outstanding common shares (the "Common
Shares") of La Mancha Resources Inc.(TSX: LMA)("La Mancha") for $3.50
per Common Share in cash (the "Offer"), a total of 90,000,000 Common
Shares have been deposited as of the close of trading on July 30th,
2012. These shares represent approximately 62.8% of the outstanding
Common Shares, on a fully diluted basis.

In accordance with the terms and conditions of the support agreement
entered into between Weather II and La Mancha on July 13, 2012, the
Offer is conditional upon, amongst other things, there having been
validly deposited in accordance with the Offer and not withdrawn at the
expiry time that number of Common Shares which, together with any
Common Shares directly or indirectly owned by the Offeror or its
affiliates, constitutes at least 62.8% of the outstanding Common
Shares, on a fully-diluted basis.

Weather II, through one of its wholly-owned indirect subsidiaries,
mailed its Offer and take-over bid circular to La Mancha shareholders
on July 20, 2012. The directors' circular of the board of directors of
La Mancha was concurrently mailed with the Offer and take-over bid
circular.

The Offer will remain open for acceptance until 5:00 p.m. (Montreal
time) on August 27, 2012, unless extended or withdrawn.

The board of directors of La Mancha, after receiving the unanimous
recommendation of the special committee of independent directors and a
fairness opinion from its financial advisor and after consultation with
its legal advisers unanimously determined that the Offer is fair to the
holders of Common Shares and recommended to La Mancha shareholders that
they accept the Offer.

Full details of the Offer are contained in the take-over bid circular
of the Offeror and the La Mancha directors' circular, copies of which
are available under La Mancha's profile at www.sedar.com.

Computershare Investor Services Inc. is the depositary for the Offer.
Shareholders can obtain copies of the take-over bid circular and
related materials at no charge from the depositary at 1-800-564-6253 or
by email at corporateactions@computershare.com. The information agent
for the Offer is Georgeson Shareholder Communications Canada Inc.
Inquires should be directed to the information agent tollfree at
1-866-676-2882 or askus@georgeson.com. Additional copies of these
documents may also be obtained on request from the information agent.


About Weather Investments II S.A.R.L.

Weather Investments II S.A.R.L. is one of the many successful
businesses managed by Mr.Naguib Sawiris. The wider Sawiris Family of
Egypt have substantial indirect interests in existing operations in the
telecoms, construction and fertilizers, cement, real estate and hotel
development industries.


About La Mancha Resources Inc.

La Mancha Resources Inc. is an international gold producer based in
Canada with operations, development projects and exploration activities
in Africa, Australia and Argentina. La Mancha's shares trade on the
Toronto Stock Exchange (TSX) under the symbol "LMA". For more
information, visit the Company's website at www.lamancha.ca.



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

END


Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com
Data and Statistics for these countries : Argentina | Australia | Canada | Egypt | Luxembourg | All
Gold and Silver Prices for these countries : Argentina | Australia | Canada | Egypt | Luxembourg | All

La Mancha Resources

PRODUCER
CODE : LMA.TO
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La Mancha Res. is a gold producing company based in Canada.

La Mancha Res. holds various exploration projects in Argentina and in Australia.

Its main assets in production are WHITE FOIL, ITY, HASSAÏ and FROG'S LAKE in Australia, its main asset in development is FETEKRO in Australia and its main exploration properties are LA ORTIGUITA, BONDOUKOU, HUALILAN and ARIAB in Argentina and HASSAI VMS and PARK DAM in Australia.

La Mancha Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 499.5 millions as of today (US$ 500.2 millions, € 391.6 millions).

Its stock quote reached its lowest recent point on October 31, 2008 at CA$ 0.04, and its highest recent level on March 09, 2012 at CA$ 4.03.

La Mancha Res. has 142 716 000 shares outstanding.

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Annual reports of La Mancha Resources
Annual Report
Nominations of La Mancha Resources
4/2/2012ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
5/4/2011Appoints New COO and CFO
2/26/2007New Appointments to the Board of La Mancha
Financials of La Mancha Resources
3/28/2012POSTS RECORD NET EARNINGS OF $36.1 M AND RECORD OPERATING C...
8/8/2011POSTS RECORD NET EARNINGS FOR THE SECOND QUARTER
5/18/2011NET EARNINGS DOUBLE ON RECORD CASH FLOW FROM OPERATING ACTIV...
Project news of La Mancha Resources
2/11/2013Group implements its growth strategy in Australia: Gold prod...
11/13/2012ANNOUNCES COMPLETION OF COMPULSORY ACQUISITION BY WEATHER I...
3/27/2012MEASURED AND INDICATED RESOURCES MORE THAN DOUBLE TO 4.8 MI...
1/19/2012MEETS ITS 2011 GOLD PRODUCTION FORECAST
5/16/2011(Ity)POSITIVE FEASIBILITY STUDY FOR THE HASSA=C3=8F MINE: LA MANC...
5/9/2011(Ity)ITY MINE RESUMES OPERATION
3/29/2011(Frog's Lake)A Record Year for La Mancha in 2010 as Production Increases ...
2/24/2011(Ity)ITY Mine Update
8/23/2010(Fetekro)Intersects Grades of Up to 135 g/t Au at Its Fetekro Propert...
8/3/2010First Stages of Frog's Leg Drilling Extension Program Return...
7/29/2009(Hassaï)New Longhole Drilling Doubles the Length of La Mancha's Hass...
7/20/2009(Frog's Lake)Frog's Leg Mine to Boost its Average Annual Gold Production ...
5/26/2009(Hassaï)Confirms the Presence of a Second Enriched Zone at the Hassa...
2/17/2009(Frog's Lake)Plans to Increase Production to up to 100,000 oz of Gold in ...
1/22/2009(Frog's Lake)2008 Year End Production Increases 33% to 71,550 Ounces
1/7/2009(Hassaï)Hassai Mine Tailings Begin Adding to La Mancha's Gold Resour...
1/5/2009(Ity)Resource at La Mancha's Ity Mine Jumps 50% on Excellent Dril...
12/10/2008(Hassaï)Recent VMS Drilling Suggests the Presence of a Supergene Zon...
7/30/2008(Hassaï)Preliminary Drill Results at La Mancha's Hassai Mine Suggest...
8/8/2008(Frog's Lake)Posts its Highest Quarterly Gold Production to Date
5/13/2008(Frog's Lake)Obtains a First Gold Pour From New Australian Frog's Leg Min...
4/23/2008(Frog's Lake)Reports Wide High-Grade Intercepts 150 Meters Below Current ...
7/5/2007(Frog's Lake)Frog?s Leg?s Resource Nearly Doubles
Corporate news of La Mancha Resources
11/13/2012Offer Update
8/28/2012ACKNOWLEDGES WEATHER II TAKEOVER OFFER SUCCESSFUL AND DECLAR...
8/3/2012SECOND QUARTER GOLD PRODUCTION JUMPS 21% FROM THE PREVIOUS Q...
7/31/2012Offer Update - La Mancha TSX:LMA
7/20/2012Offer Document Posted - La Mancha TSX:LMA
7/13/2012REACHES DEFINITIVE AGREEMENT TO BE ACQUIRED BY WEATHER II AT...
6/21/2012DISCOVERS A SIGNIFICANT VMS LENS BELOW THE ODERU
6/15/2012(White Foil)WHITE FOIL PROPERTY SHOWS UNDERGROUND POTENTIAL WITH MINERA...
6/11/2012(Ity)New Drill Results at La Mancha's Ity Mine Indicate That Mine...
5/15/2012REPORTS Q1 NET EARNINGS OF $7.9 MILLION
4/9/2012ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
3/22/2012Proven and Probable Reserves Grow by 36% at La Mancha's Frog...
3/14/2012ANNOUNCES AUCTION PROCESS
2/22/2012VMS Resource Increases to 81MT Indicated and 37MT Inferred
1/31/2012Discovers a Mineralized Structure Extending Over 800M at Sis...
9/12/2011HASSA=C3=8F VMS DRILLING UPDATE: INTERSECTS 3.30M @ 94 g/t G...
7/11/2011HIGHLIGHTS IMPORTANT STEP FORWARD FOR SUDAN
6/27/2011Hassai Mine's Third Quarter Production Impacted
6/17/2011(Ity)Clarification on CIL Feasibility Study
5/3/2011NOMME UN NOUVEAU CHEF DES OPERATIONS ET UN NOUVEAU CHEF DES ...
1/14/2011RECORD GOLD PRODUCTION IN 2010
7/22/2010Confirms the Discovery of a New Gold Mineralised Zone at its...
5/12/2010Continues to Generate Profits Into 2010
11/11/2009Reports Another Strong Quarter
8/7/2009Posts Record Quarterly Net Earnings As Gold Production Rises...
2/4/2009Takes Advantage of Strong Gold Prices
2/5/2008 to Spend $10.6 Million on Exploration in 2008
5/28/2007Completes the Renewal of the Ity Mine's Mining Permit
5/16/2007Frog's Leg Results Exceed Expectations
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