LPP Lapp Plats

RNS Number:2572C
Lapp Plats Plc
16 August 2007

                 Lapp Plats plc ("Lapp Plats" or the "Company")



                               Operations Update



The Board of Lapp Plats is pleased to provide an operational update on its
Swedish exploration activities and on its general investment strategy.



Swedish Mining Properties



Following an independent review of the licence blocks held by the Company since
2004, Lapp Plats has decided to reduce its existing ground holdings and it has
also taken the opportunity to acquire a new property.



The following Table set outs the revised Claim Table following the payment to
the Swedish Mining Directorate (Sw: Bergsstaten) of the relevant licence fees
and renewal fees, as applicable.


Exploration Licence   Elements covered under    Claim Area      Licence Renewed/     Licence Expires
        Name                 licence            (hectares)           Applied

   Riberget Nr 1        Au,Ag,Cu,Ni,Pt,Pd          3,949           August 2007         August 2010
    Tjarro Nr 1             Fe, Au,Cu              2,241           August 2007         August 2010




Glossary of Symbols:

Au - Gold

Ag - Silver

Cu - Copper

Ni - Nickel

Pt - Platinum

Pd - Palladium

Fe- Iron





Work completed during the initial 3 year period on the Riberget Nr 1 licence
initially consisted of target definition using the Lapp Plats proprietary
geochemical database ("LP-PGD").  This work lead to the identification of Ni and
Cu-Ni soil geochemical targets.  Follow up field work including; geological
mapping, surface rock geochemical sampling and detailed surface till sampling
were also carried out.  The results of the above work have defined a series of
surface Cu-Ni targets that require follow up field work. The plan is to
undertake base of till sampling to locate the bedrock source for the surface
geochemical anomaly, followed by diamond drilling.



The new Tjarro Nr 1 block, which was generated from the LP-PGD, is located
approximately 20km north east of the mining town of Kiruna in northern Sweden.
The Kiruna Mine wholly owned by LKAB (Sw: Luossavaara-Kiirunavaara Aktiebolag),
is the one of the world's largest and most modern underground iron-ore mines.
The Kiruna district has also been explored more recently for Iron Oxide Copper
Gold (IOCG) deposits and to the south of Kiruna at Gallivare, Boliden operates
the Aitik copper mine.  Iron and gold-silver-copper deposits mentioned indicate
the general prospectivity of the region for such styles of mineralization but
such deposits are not necessarily indicative of the potential for economic
mineralization within the new Tjarro Nr 1 block.



The Tjarro claim is located along the contact zone of 1.88 billion-year- old
intrusive rock unit. There are four target areas displaying mineralisation at
surface comprising disseminated chalcopyrite and magnetite in the mafic volcanic
host-rock around the contact with the intrusive.  Grades from previous Swedish
Geological Survey (Sw: SGU) surface rock samples have returned up to 40% Fe,
1.23% Cu and 0.2 g/t Au.  After compilation of all previous work a detailed base
of till sampling programme will be undertaken over the four target areas and
subject to encouraging results will undergo diamond drill testing.



Corporate



The Board are pleased too report that the current cash available to the Company
totals over ST#1.27 million (US$2.52 million) and the Company is well financed
for its immediate requirements.

New Opportunities



The Board are in advanced discussions on a new opportunity in the oil and gas
sector which the Board believe could add significant value to the Company.
Discussions and related due diligence are expected to be completed in the near
term.  While no deal has yet been finalised the Board are optimistic that a deal
can be executed which would be subject to legal agreement and completion.







For further information visit www.lapp-plats.com or contact:



Tom O'Gorman, Chairman
+ 44 7836 790 639


Michael Nolan, Director
+ 353 87 242 9221



The technical information above has been reviewed and verified by Mr. John P.
Barry, M.Sc., M.B.A., P.Geo, a Consultant to the Company, for the purposes of
the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock
Exchange in March2006.  Mr. Barry, with 19 years of exploration, mining and
management experience, graduated with a masters degree in geology from the
College of Earth and Mineral Sciences at the Pennsylvania State University, and
is a professional member in good standing with the Institute of Geologists of
Ireland and the Australasian Institute of Mining & Metallurgy and also a member
of the Society of Economic Geologists.





16 August 2007


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