Production Update

Production Update

Hambledon Mining PLC

Hambledon Mining plc

(“the Company”)

14 July 2009

Production Update

The Company reports its production for the three months from 1 April 2009 to 30 June 2009.

Â	Â	April	Â	May	Â	June	Â	Total
Milled tonnes (dry)		67,825		66,430		78,017		212,272
Gold grade (g/t)		1.15		1.05		1.13		1.11
Contained gold (gms)		77,999		69,751		87,770		235,520
Contained gold (oz)		2,516		2,243		2,822		7,581
Gold recovery %		80.6		82.1		80.1		80.8
Recovered gold (oz)		2,027		1,841		2,260		6,128
Recovered silver (oz)		5,132		3,741		4,736		13,611

Our production results for April and May were announced along with our preliminary results in June, but are repeated here as part of our usual quarterly reporting cycle.

The amount of ore treated in the quarter has shown a significant increase over previous quarters, resulting from the large number of modifications that have been made to the crushing circuit. The June total of 78,017 tonnes milled represents some 12% greater throughput than the original design capacity of the plant. After a further small modification is made to the tailings line, expected in August 2009, an even greater throughput should be possible.

The area of the pit currently being mined has a higher waste stripping requirement than is expected to be later in the pit life, making it difficult to mine the quantity of ore that can now be treated in the process plant. Consequently, some low grade ore is being processed, bringing down the average grade. As the pit deepens, and the stripping ratio falls, we expect to be able to provide the additional tonnage at standard mined grades. Various options are also being investigated to increase the mining rate in the short term.

Enquiries:

Hambledon Mining:
Telephone [phone]Telephone [phone]
Charles Zorab Charles Zorab

Fairfax I.S. PLC:
Telephone [phone]Telephone [phone]
Nominated Adviser and BrokerNominated Adviser and Broker
Ewan LeggatEwan Leggat