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08 May 2007



RNS / ASX ANNOUNCEMENT

CVRD TO PARTNER SCARBOROUGH ON VOSTOK COPPER PROJECT

The Directors of Scarborough Minerals plc ("Scarborough") are pleased to
announce that Scarborough has obtained all of the necessary approvals from the
Government of Kazakhstan to permit the completion of an agreement with Companhia
Vale do Rio Doce ("CVRD"), one of the world's major mining companies, to advance
the Vostok copper project ("Vostok"). This project is currently 100% owned by a
wholly-owned subsidiary of Scarborough, under a contract with the Kazakh
Government.

Once final conditions precedent have been satisfied, expected to be later this
month, CVRD will acquire an 85% interest in Vostok. CVRD will then spend an
initial US$4 million over two years to progress Vostok to the stage of a
pre-feasibility study. As part of this initial US$4 million expenditure,
Scarborough will be reimbursed all expenditures on Vostok from 1 January 2005 to
the date on which CVRD acquires its interest in Vostok.

At completion of the initial US$4 million spending commitment, CVRD will have
the option to retain its 85% interest in Vostok through the payment of US$1
million to Scarborough and funding 100% of a bankable feasibility study ("BFS"),
targeting the development of Vostok as a major copper project.

CVRD has committed to a minimum expenditure of US$1.6 million before it can
withdraw, and if it withdraws prior to the completion of the BFS, then its 85%
of Vostok reverts to Scarborough.

At completion of a successful BFS, Scarborough can elect to contribute to the
funding of its remaining share of the project (15%), or convert its share into a
1.5% net smelter return royalty position in exchange for CVRD funding 100% of
the implementation costs.

Scarborough Chairman, Robert Champion de Crespigny commenting on the agreement,
noted that Scarborough was "very pleased to have secured next stage funding and
an experienced operator for the Vostok project in CVRD. This venture between
Scarborough and CVRD will bring forward the timetable to test the project's
potential and thereby unlock significant value, particularly in this time of
record copper prices."

The agreement is consistent with Scarborough's strategy of working with
experienced partners to add value to resources rather than being a sole owner
and operator of resource projects. It also further demonstrates Scarborough's
ability to secure agreements with and work with the world's major mining
companies