Production Update

Production Update

Hambledon Mining PLC

Hambledon Mining plc

(“the Company”)

Production Update

09 October 2009

The Company reports its production for the three months from 1 July 2009 to 30 September 2009.

Â	Â	July	Â	August	Â	September	Â	Total
Milled tonnes (dry)		66,243		40,435		54,700		161,378
Gold grade (g/t)		1.24		1.27		1.30		1.27
Contained gold (gms)		81,813		51,352		71,110		204,275
Contained gold (oz)		2,630		1,651		2,286		6,568
Gold recovery %		82.9%		80.2%		75.3%		79.5%
Recovered gold (oz)		2,189		1,324		1,720		5,224
Recovered silver (oz)		5,054		3,263		3,785		12,103

As previously disclosed with the interim results, production in August and September was adversely affected by repairs and maintenance of the jaw crusher and ball mills. In total, 17 days were lost. Thereafter, the mill throughput for the remainder of September was slowly increased and, although the average rate was lower than planned, the plant is now operating at what is expected to be the maximum rate, some 15% – 20% above design capacity.

The new excavator arrived on site in early August and three additional mining trucks have been hired to work with this machine. Although smaller than the existing Hitachi excavators, the mining capacity of the fleet has increased significantly which will allow the mine to keep pace with the increased plant capacity.

The recovery, at 79.5% for the quarter, was lower than anticipated. To determine the cause of this, an external consultant was engaged to conduct a thorough review of the entire metallurgical process. This resulted in a series of recommendations to improve the overall recovery that are in the process of implementation.

Enquiries:

Hambledon Mining:

Telephone [phone]

Â

Fairfax I.S. PLC:

Telephone [phone]

Nominated Adviser and Broker

Ewan Leggat