Shareholding Update

For Immediate Release                                                                                                             2 April 2009

Templar Minerals Limited

('Templar Minerals' or 'the Company')

Shareholding update

Further to the announcement on 17 March 2009, the Company announces that it has now finalised the settlement arrangements with Viso Gero Global Inc and the Company is now interested in 85 million ordinary shares in Vatukoula Gold Mines plc ("VGM") representing 4.47% of VGM's existing share capital.

Enquiries

Templar Minerals Limited

David Lenigas                                            Tel: +44 (0)20 7016 5100 

Beaumont Cornish Limited

Roland Cornish / Rosalind Hill Abrahams    Tel: +44 (0)20 7628 3396 

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