Email received from Arvind Misra in relation to an update on the...

Email received from Arvind Misra in relation to an update on the Bankura project
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Please refer to your email of Monday, 29 March 2010 in relation to update on Bankura. We are working with Bankura on various fronts including agreement and fund raising activity. As soon as we have something to report to, we will announce to the market. If nothing announced soon, then we will have our update in quarterly report.

I hope this meets with your expectation. Should you wish to discuss this further please do not hesitate to contact me.

Kind Regards


Arvind Misra

Managing Director

India Resources Limited