Good morning, Please see below a morning note from Fairfax regarding North River Resources (AIM: NRRP) following the Companys announcement this morning that it has completed the payment of subscription monies and as a result received shares in Brandberg Energy.

NRR Energy Minerals Ltd (North Rivers 100% owned subsidiary) now holds a 50% interest in Brandberg Energy which holds Exclusive Prospecting Licences for nuclear fuel in Namibia. North River is trading 2.77% higher to a mid of 1.7p on the back of the news. The full announcement is pasted below. Best regards, Lottie
North River Resources* (NRRP LN) 1.7p Mkt Cap �11.9m - Update on Nuclear Fuels Agreement * The company has announced that it has completed the payment of subscription monies and as result received shares in Brandberg Energy. * The deal means that NRR Energy Minerals Ltd, the 100% owned subsidiary of North River now holds a 50% interest in Brandberg Energy, on the back of the payment of $800,000. * Brandberg Energy holds Exclusive Prospecting Licences (EPL) for nuclear fuel at 3327 and 3328. * The licences are located near the old tin mining town of Uis in northwest Namibia. * The company have identified two nuclear fuel targets over EPL 3327 and EPL 3328 following completion of a horizontal loop electromagnetic (HLEM) survey over 200 line km - 150 km over 3327 and 50 km over 3328. * The HLEM traverse lines were surveyed over 2 km initially and then reduced to 1 km to identify buried palaeochannels through an electromagnetic response. * The most promising target areas identified using this methodology has been on EPL 3327. * A previously planned drilling campaign of 1,100m may now be extended to 1,500-2,000m once the Radiation management plan has been approved by the Radiation Protection Authority in Namibia. Conclusion - This is another step in the right direction for the company.

We are encouraged by prospect of increasing the drilling program and look forward to this commencing and subsequent news flow. *Fairfax acts as joint broker to North River Resources
[cid:image001.jpg@01CCE650.896F80E0] North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining 8 February 2012 North River Resources plc (North River or the Company) Update on Nuclear Fuels Agreement North River Resources plc, the AIM listed resource company focussed on Southern Africa, is pleased to confirm that both the payment of the subscription monies to Brandberg Energy (Namibia) (Proprietary) Ltd (Brandberg Energy), and receipt of the shares in Brandberg Energy by North River, have been completed. Brandberg Energy was established by Extract Resources Limited (Extract) for the purpose of holding Exclusive Prospecting Licences (EPLs) 3327 and 3328. In accordance with the terms of the joint venture agreement, NRR Energy Minerals Limited, a wholly owned subsidiary of North River, has now acquired a 50% interest in the issued shares of Brandberg Energy following the payment of $800,000 by North River to Brandberg Energy. Brandberg Energy intends to complete a 1,100 metre drill programme planned by Extract.

This programme will be reviewed by Brandberg Energy now additional funds are available and may be increased to a total of 1,500-2,000 metres.

Drilling will commence once the Radiation Management Plan (RMP) is approved by the National Radiation Protection Authority in Namibia.

The RMP was submitted by Extract in mid-November 2011. David Steinepreis and Luke Bryan have agreed to join the board of Brandberg Energy and will be joining the two Extract appointed directors. **ENDS** For further information please visit www.northriverresources.com or contact: David Steinepreis North River Resources Plc Tel: +44 (0) 79 1340 2727 Luke Bryan North River Resources Plc Tel: +44 (0) 20 7292 9110 Guy Wilkes Ocean Equities Limited Tel: +44 (0) 20 7784 4370 Ewan Leggat Fairfax I.S.

PLC Tel: +44 (0) 20 7460 4389 Katy Birkin Fairfax I.S.

PLC Tel: +44 (0) 20 7598 4073 Stuart Faulkner Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Angela Peace Strand Hanson Limited Tel: +44 (0) 20 7409 3494 David Altberg Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Susie Geliher St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
North River & the Brandberg JV North River Resources plc is an AIM listed resource exploration and development company.

Its current portfolio includes gold, base metal and uranium assets in Namibia; uranium, and base and precious metal interests in Mozambique.

North Rivers strategy is to identify, acquire and develop a portfolio of resource opportunities in sub-Saharan Africa at various stages of development in order to create value for its shareholders.

The Company has a highly experienced board and management of industry and corporate professionals, led by David Steinepreis and Luke Bryan. Brandberg Energy was established by Extract Resources Limited to explore for uranium within EPL3327 and EPL3328.

The area was identified as having potential to host uranium mineralisation based on historical occurrences of primary and secondary uranium in the area and a broadly defined uranium bearing palaeochannel in literature from the early 1980s and known as the Brandberg uranium occurrence.

No information is available for the historical Brandberg uranium occurrence other than its approximate location.