ANGLESEY MINING PLC - Placing of New Shares for £0.3 million

London, November 29

Placing of New Shares for £0.3 million

Anglesey Mining plc is pleased to announce that it has today agreed to issue 12,000,000 new ordinary shares, representing approximately 6.95% of the Company’s enlarged issued share capital, at 2.585 pence per share in a placement to institutions, to raise a total of £310,200.

The proceeds of issue will be used for project development of its 100% owned Parys Mountain zinc-copper-lead deposit in North Wales, UK and for general working capital.

The Parys Mountain property is a significant zinc, copper and lead deposit with small amounts of silver and gold, with a reported a resource of 2.1 million tonnes at 6.9% combined base metals in the indicated category and 4.1 million tonnes at 5.0% combined base metals in the inferred category. An updated scoping study is currently being prepared by Micon International Limited and Fairport Engineering Limited, both of which are acknowledged experts and leaders in the resources sector.

The directors have authorised the issue of the new shares under the dispensation approved at the last AGM on 28th September 2016.  The new ordinary shares of 1 pence each to be issued in respect of this transaction will rank pari passu with the existing ordinary shares of the company. The transaction is conditional on the admission of the new ordinary shares to the Official List and to trading on the London Stock Exchange’s main market.

Application will be made for these shares to be admitted to both the Official List and to trading on the London Stock Exchange’s main market for listed securities and it is expected that such admission will become effective and dealings will commence on or 14th December 2016.