ALPHA PROSPECTS PLC
(“Alpha” or the “Company”)

TOGA Licence Application Update.

Alpha Prospects, the investment management company focussed on companies with fast growth and/or recovery prospects, is pleased to announce an update regarding the Tasmanian licence application.

Tasmanian Oil and Gas Australia Pty Ltd (TOGA) advises that following discussions with Mineral Resources Tasmania certain issues relating to its recent licence application have been clarified. TOGA has been advised that subject to the only outstanding issue being dealt with, a licence should then be granted.

It is TOGA’s intention to address this issue and then to re-apply at the earliest opportunity.