DGAP-News: ANCAN RESOURCES PLC IN NEGOTIATIONS WITH WORLD TRADING COLUMBIA

Ancan Resources PLC / Agreement

03.12.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Ancan Resources PLC, WKN: A0MP04, Frankfurt Stock Exchange: LTZ is pleased
to announce that the company is in negotiations with WORLD TRADING COLOMBIA
C.I. LTDA (WTC) of Bogata Colombia to purchase titles in a large coal
property in Colombia.

The 1159 hectare property identified as KKO-09151 is an open pit surface
mine with estimated reserves of 18 million tons with a minimum market price
of $ 65 US dollars per ton, if fully exploited could yield 1.1 billion US
dollars. The property is located in an excellent coal producing area
located between Codazzi and Becerril which is on the north of the Drummond
explorations of El Descanso Norte region. The grade of coal is thermal
with a btu of 11,700 and a ash content of 5.32%. Further drilling
exploration budgets will be considered by the company on the negotiations
of the property along with engineering studies by a qualified geologist.

Colombia is the world's tenth largest producer of hard coals and the sixth
largest exporter of coal. In 2006 it was estimated that Colombia would mine
64 million tonnes of thermal coal, of which approximately 60 million tonnes
was for the international export trade. The U.S. Geological Survey states
that Colombia is the largest coal producer in South America and has the
largest reserves in the region. It also states that coal mining for export
is booming in Colombia, with production having increased by 80% since 1999.

The majority of Colombia's coal exports are shipped to European markets due
to shorter distances and lower freight costs compared to the rapidly
growing Asian markets. Colombia is considered to be a low-cost producer
with its coal highly sought after due to its low sulfur content. Colombia's
coal production will continue to increase in the future, the Colombian
government has estimated that the country's coal production could reach 102
Mmst by 2010.

Ancan Resources Management is very excited to work with WTC to finalize the
agreement and exploit the full potential of the coal rich asset.

Disclaimer: This release may contain certain 'forward-looking statements'
with respect to the managements objectives and expectations relating to its
future financial condition, performance, results, strategy and objectives.
These forward-looking statements involve certain risk and uncertainty
because they relate to future events and circumstances which are beyond the
companies' control including among other things; 1) UK domestic and global
economic and business conditions, market related risks, and the performance
of financial markets generally; 2) the policies and actions of regulatory
authorities, the impact of competition, inflation, and deflation; 3) the
timing, impact and other uncertainties of future acquisitions or
combinations within relevant industries; 4) and the impact of changes in
capital, solvency or accounting standards, and tax and other legislation
and regulations in the jurisdictions in which Ancan Resources PLC operates.
Ancan Resources PLC undertakes no obligation to update the forward-looking
statements contained in this section or any other forward-looking
statements it may make.

Ancan Resources PLC
Investor Relations Department
UK: + 44 (0) 203 0262815
New York:1-212-419-0430

03.12.2009 Financial News distributed by DGAP. Medienarchiv at <a href="http://www.dgap-medientreff.de">www.dgap-medientreff.de</a> and <a href="http://www.dgap.de">www.dgap.de</a>

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