TQN Tarquin

    Loan Facility
             



                        TARQUIN RESOURCES PLC
                    ("Tarquin" or "the Company")

19 December 2007

LOAN FACILITY

The directors of  Tarquin Resources plc  (AIM : TQN)  are pleased  to
advise that the Company has secured a �1.3 million loan facility from
Investika Ltd.  The  loan bears interest at  9.5% per annum on  funds
drawn, is  secured by  a negative  pledge over  the Company's  equity
interest in Tommy SA and is repayable by 31 July 2008, either in cash
or convertible  into shares  in  the Company  at  25p per  share,  at
Investika's option.  The  facility bears a  facility fee of  �65,000,
being 5 per cent. of  the amount of the  facility.  Funds drawn  from
the facility will be utilized  to meet the Company's working  capital
requirements.

Mr Chrisilios Kyriakou, a director of the Company, is also a director
of Investika Ltd and accordingly Investika Ltd is a related party  of
the Company.

With the exception of Mr Kyriakou, the Company's directors  consider,
having consulted with the Company's nominated adviser, that the terms
of  the  transaction   are  fair  and   reasonable  insofar  as   its
shareholders are concerned.



For further information:


Annie Richards, Tarquin Resources plc   +44 (0) 20 7514 1480

Hugh Oram, Nabarro Wells & Co Ltd       +44 (0) 20 7710 7400

Charles Vivian, Pelham Public Relations +44 (0) 20 7743 6670

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