AGU Angus&Ross

    Final batch of results from Glacier drilling and further progress
towards Black Angel mine re-opening
             



ANGUS & ROSS plc
( AIM:AGU.L )

BLACK ANGEL UPDATE

Final batch of results from Glacier drilling and further progress
towards Black Angel mine re-opening

  * More high grade Zinc/Lead intersections from the Glacier
    discovery including  2.13 metres @ 20.1% Zinc and 10.2% Lead;

  * Updated Resource Statement currently being prepared by Wardell
    Armstrong;

  * Expanded drilling programme planned for 2008; and

  * Cable car en route for Greenland and construction of terminals
    continuing.

Angus & Ross plc ( "Angus & Ross " or the "Company" ) is pleased to
provide the latest drilling update from its Black Angel mine in
Greenland.  The final batch of assays from the last five holes of the
drilling programme carried out this year on the Glacier discovery
near the Black Angel mine have been received from ALS Chemex
Laboratories in Vancouver.  The important drill intersections are
tabulated below.

Hole     From        To          Metres     %       %      %      g/t
No.                                         Pb      Zn     Fe     Ag
72       265.05      267.18      2.13       10.2    20.1   4.7    34
72       271.06      272.26      1.20       1.6     6.8    2.0    7
73       289.76      290.60      0.84       6.0     15.9   18.2   36
74       283.52      284.90      1.38       3.6     9.3    3.2    20
75       130.06      132.94      2.88       0.0     16.2   5.4    10
75       306.76      307.34      0.58       3.5     8.7    7.9    20
75       319.55      321.77      2.22       3.1     7.9    6.6    21


Overall these are very good results which have followed the trend of
the high grade Glacier ore body, discovered last year, and which is
still open to the west and at depth.  Previously announced results
have indicated that the ore body pinches and swells with mining
widths varying between half a metre and ten metres; many assays
contained more than 15% combined zinc and lead.

The Glacier zone is the third largest body of mineralisation ever
found at the Black Angel property, after the Angel and Cover zones.
It is now known to extend 650 metres along its east-west strike, this
year's drilling having extended the zone of mineralisation roughly
150 metres to the west where it remains open.  A major fault
structure is known to cross the strike at some point but
interestingly, there are several surface showings, all to the west
of the Glacier zone and further diamond drilling is therefore planned
for 2008.

New structural interpretations suggest the Glacier zone could be
connected to the ARK zone.  In fact many of the numerous surface
showings could be linked and further drilling will be undertaken next
year to investigate this.

The thirty one holes completed this year and comprising 7,353 metres
of diamond drilling should increase resources considerably. The
Company's consultants Wardell Armstrong International are presently
preparing an up to date Resource Statement for the Glacier zone as
well as a Bankable Feasibility Study pertaining to early pillar
extraction from the old Black Angel mine itself.

Pictures have just been received of the various components of the
cable car leaving Switzerland en route by land for Aalborg in Denmark
and then by ship to Greenland.  The ship is expected to arrive in
Greenland by the end of October.   The mine adit, 600 metres above
the fjord, will be connected to the base camp about 1.5 km away by
the cable car.  Stringing of the cable will start later this winter
and full installation is planned for May/June next year. In the
meantime the civil engineering work on the terminals is proceeding.


Robin Andrews, Chairman of Angus & Ross, commented:

"The 2007 exploration season in Greenland has been very successful as
can be seen from the recent news releases detailing the drilling
results.  In addition, considerable progress has been made in the
interpretation of the structural geology of the region so that
planning is already underway for a much enhanced exploration
programme in 2008.  In the meantime work continues towards the
installation of a cable car which will provide access for the
production of high grade ore from the existing pillars and will also
enable exploration drilling to be undertaken within the mine".


For further information contact:

Angus & Ross plc
Robin Andrews, Chairman                                 01751 430 988
Nick Hall, Chief Executive                              07931 709 053
Andrew Zemek, Chief Executive, Black Angel Mining       07850 755 450
Ltd

Bishopsgate Communications Limited                      0207 562 3366
Nick Rome

Landsbanki Securities (UK) Limited                      0207 426 9000
Fred Walsh                                              0207 426 9000
Martin Potts



NB: This release has been approved by the Company's technical staff
in accordance with the recent Guidance Note for Mining, Oil and Gas
Companies issued by the London Stock Exchange in respect of AIM
companies, which outlines standards of disclosure for mineral
projects.

These include Dr Tom Elder, Director, who holds a BSc and Doctorate
in Geology from Durham University, is a Fellow and former Member of
Council of The Institution of Mining and Metallurgy and a Fellow of
The Geological Society; and Dr Robert Dowdell formerly a mine
superintendent of the Black Angel Mine  who obtained his Doctorate in
Rock Mechanics  from University of Newcastle upon Tyne .

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