Offer Update - La Mancha Resources Inc. TSX:LMA

LUXEMBOURG, July 31, 2012 - Weather Investments II S.A.R.L. ("Weather II" or the "Offeror") is pleased to announce that, pursuant to its offer to acquire all of the outstanding common shares (the "Common Shares") of La Mancha Resources Inc.(TSX: LMA)("La Mancha") for $3.50 per Common Share in cash (the "Offer"), a total of 90,000,000 Common Shares have been deposited as of the close of trading on July 30th, 2012. These shares represent approximately 62.8% of the outstanding Common Shares, on a fully diluted basis.

In accordance with the terms and conditions of the support agreement entered into between Weather II and La Mancha on July 13, 2012, the Offer is conditional upon, amongst other things, there having been validly deposited in accordance with the Offer and not withdrawn at the expiry time that number of Common Shares which, together with any Common Shares directly or indirectly owned by the Offeror or its affiliates, constitutes at least 62.8% of the outstanding Common Shares, on a fully-diluted basis.

Weather II, through one of its wholly-owned indirect subsidiaries, mailed its Offer and take-over bid circular to La Mancha shareholders on July 20, 2012. The directors' circular of the board of directors of La Mancha was concurrently mailed with the Offer and take-over bid circular.

The Offer will remain open for acceptance until 5:00 p.m. (Montreal time) on August 27, 2012, unless extended or withdrawn.

The board of directors of La Mancha, after receiving the unanimous recommendation of the special committee of independent directors and a fairness opinion from its financial advisor and after consultation with its legal advisers unanimously determined that the Offer is fair to the holders of Common Shares and recommended to La Mancha shareholders that they accept the Offer.

Full details of the Offer are contained in the take-over bid circular of the Offeror and the La Mancha directors' circular, copies of which are available under La Mancha's profile at www.sedar.com.

Computershare Investor Services Inc. is the depositary for the Offer. Shareholders can obtain copies of the take-over bid circular and related materials at no charge from the depositary at 1-800-564-6253 or by email at corporateactions@computershare.com . The information agent for the Offer is Georgeson Shareholder Communications Canada Inc. Inquires should be directed to the information agent tollfree at 1-866-676-2882 or askus@georgeson.com . Additional copies of these documents may also be obtained on request from the information agent.


About Weather Investments II S.A.R.L.

Weather Investments II S.A.R.L. is one of the many successful businesses managed by Mr.Naguib Sawiris. The wider Sawiris Family of Egypt have substantial indirect interests in existing operations in the telecoms, construction and fertilizers, cement, real estate and hotel development industries.


About La Mancha Resources Inc.

La Mancha Resources Inc. is an international gold producer based in Canada with operations, development projects and exploration activities in Africa, Australia and Argentina. La Mancha's shares trade on the Toronto Stock Exchange (TSX) under the symbol "LMA". For more information, visit the Company's website at www.lamancha.ca.


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