
About Lapp Plats
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Scandanavia

Lapp Plats plc (“Lapp Plats” or “the Company”) was incorporated on 15 December 2003 promoted by Minmet plc (“Minmet”) with its primary activity being mineral exploration. In January 2004 the Company acquired from Minmet exclusive rights of access to platinum and nickel data contained in a geochemical database of some 140,000 targets covering Sweden, Norway and Ireland. Utilising the Database and data from the Geological Survey of Sweden, Lapp Plats concentrated its initial efforts in seeking platinum and nickel targets in Sweden.

The Company raised £400,000 by way of a private placement with sophisticated investors in February 2004, thereby reducing Minmet’s shareholding in the Company to 58 per cent. Immediately following this private placement, the Company’s issued share capital commenced trading on the Ofex Market. In February 2005, Minmet disposed of its entire shareholding in the Company.

In May 2005 the Company transferred its trading facility for its Ordinary Shares from Ofex to AIM and IEX , the object being to raise the Company’s profile and visibility to current and potential shareholders and also within the resource industry and to make the Company’s shares more attractive for future equity fund raising and acquisitions, which may involve new Ordinary Shares being issued as consideration.

The Company has an existing operation in Sweden through its wholly owned subsidiary, Lapp Plats AB and also has an active oil and gas business development division operated from the London office.

Swedish Mining Properties

A series of Mineral Claims were registered by the Company in 2004 through the Swedish Mining Inspectorate (Bergsstaten). These claims were rationalised in August 2007. Currently only one Mineral Claim is maintained by the Company.

The following Table set outs the current Claim of the Company in Sweden

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

Tjårro Nr 1	Fe, Au, Cu	2,241	August 2007	August 2010

Glossary of Symbols: Au – Gold; Cu – Copper; Fe- Iron

The Tjårro 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 Tjårro Nr 1 block.

The Tjårro 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.

New Opportunities – Cove Energy plc – read Press Release

On 27 May 2009 the Company announced an intention to roll out a new oil and gas strategy involving a change of name to Cove Energy plc under the direction of new Directors Michael Blaha and John Craven. Cove Energy’s strategy is to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them into marketable opportunities for the medium and larger oil and utility companies. The Company’s initial focus will be on Africa and the Mediterranean. The Company will be “opportunity driven” but the objective is to target assets in areas where larger oil companies are not yet active or have overlooked opportunities. Cove Energy will also seek out assets owned by companies in distress as a result, for instance, of the current global economic climate.

CONTACTS.

Company Address
Head Office
22 Grafton Street
London
W1S 4EX
England

Investor Contact
Michael Nolan
t +353 1 662 4351
f +353 1 661 3119
info@lapp-plats.com

Website:
www.lapp-plats.com