2008 Annual Report and Financial Statements

   30.06.2009

Sunkar Resources plc (the “Company”) is pleased to announce that it has published its Annual Report and Financial Statements for the year ended 31 December 2008.

Substantial progress during the year:

• IPO successfully concluded in June 2008 raising $67 million before expenses
• Mining operations underway throughout the year including Kazakh winter months. 530,000 tonnes ore mined by end of May 2009
• Mobile beneficiation plant established: expected to reach full capacity by 3rd quarter 2009
• Subsoil Use Contract ("SSUC") successfully renegotiated in September 2008
• Currently in full compliance with the SSUC
• Purchased remainder of local subsidiary holding the SSUC, Temir Service LLP and now owns 100%
• Protocol of Intentions for the supply of sulphur signed with Tengizchevroil LLP
• Groundwork for Bankable Feasibility Study laid, with full results expected in 2010
• Beneficiated rock sent to three technical contractors for analyses and phosphoric acid pilot plant testing
• $13.9 million loss before tax during the year, reflecting increased costs associated with the progress with the project as well as foreign exchange losses
• Cash balance as at 31 December 2008 - $34.5 million, Cash balance as at 29 June 2009 - $26.2 million

Please refer to the full Annual Report and Financial Statements for the year ended 31 December 2008, available on Company’s website at www.sunkarresources.com.

Teck Soon Kong, Chairman, Sunkar Resources plc commented:

"The Company has made very real progress during the year, namely - the start of mining operations, renegotiation of the Subsoil Use Contract and the establishment of the beneficiation plant during the period under review. Most importantly, the Company has fully delivered on the mining programme outlined in its IPO Admission document on time and on budget, whilst the medium term outlook for the phosphate sector remains positive."