Ann: Pluton acquires additional 50% of Irvine Isl, page-27

re: Ann: Pluton acquires additional 50% of Ir... previous announcement of 18 June referred to advance discussions for parties to buy out PLVs interests with confidentiality agreements in place.
Ann today is that PLV is buying out Cliff. so where does that leave PLV?
whims results shortly. would PLV buy out Cliff if whims bad? or would Cliff sell if whims good?
Cliffs keep a royalty of 1%. perhaps it is a win win.

looks like a long term project which will benefit PLV in long term.
lots of uncertainty in meantime and expect no clear answers until next announcements.




Melbourne, 18th June 2009
Pluton Resources Limited (ASX Code: PLV) is aware of rumours about potential
transactions relating to its Irvine Island interests.
In compliance with its obligations under Listing Rule 3.1 and in the interests of
maintaining an informed market in the shares of Pluton Resources Limited, the Directors
of the Company advise that:
• Pluton Resources Limited has been approached by parties interested in the
Company’s interest in Irvine Island.
• There are Confidentiality Agreements in place with those parties.
• While there is no certainty that the Company will receive an acceptable offer,
discussions are at an advanced stage with one party including discussions to
purchase the Company’s 50% interest in Irvine Island and ongoing commercial
involvement.
The Company will keep the market informed in accordance with its continuous disclosure