Issue of Equity - share placing

Anglesey Mining plc LSE:AYM

10 January 2011

Placing of new shares and exercise of share options by directors

Anglesey Mining plc is pleased to announce that Gartmore Investment and one
other institution have today agreed to subscribe a total of £2.8 million in
respect of the issue of 5,000,000 new ordinary shares at 56 pence per share,
representing approximately 3.2% of the company's enlarged issued share capital.

The shares to be issued comprise 2.5 million new ordinary shares to be placed
by the company for cash and 2.5 million new ordinary shares to be placed on
behalf of certain directors of the company pursuant to the exercise of share
options by them, in each case at a price of 56 pence per ordinary share.

The combined transactions will result in the orderly placement of the shares
issued upon the exercise of directors' options and in £1.58 million (before
expenses) being received by the company, which will be used for future working
capital.

The company is very pleased to see Gartmore Investment increasing its
shareholding. Following completion of these transactions, Gartmore will hold
5.2 million shares in the company representing 3.3% of the total issued share
capital.

The share options (granted under the company's 2004 Unapproved Share Option
Scheme) and shareholdings of all the directors are set out in the following
table.

                Holding before     Options  Shares   Holding after transactions 
                 transactions     exercised  sold                               
                                                                                
  Director    Number of Number of                   Number of Number of   % of  
               options  ordinary                     options  ordinary   issued 
                         shares                                shares   ordinary
                                                                         shares 
                                                                                
John Kearney  5,400,000         -   400,000 400,000 5,000,000         -     3.3%
                                                                                
Bill Hooley   2,900,000   100,000   400,000 400,000 2,500,000   100,000     1.7%
                                                                                
Ian           2,100,000 1,027,300   400,000 400,000 1,700,000 1,027,300     1.8%
Cuthbertson                                                                     
                                                                                
David Lean      700,000         -         -       -   700,000         -     0.5%
                                                                                
Howard Miller   900,000         -   300,000 300,000   600,000         -     0.4%
                                                                                
Roger Turner  1,100,000         -   600,000 600,000   500,000         -     0.3%
                                                                                
Danesh Varma  1,400,000         -   400,000 400,000 1,000,000         -     0.7%
                                                                                

The new ordinary shares of 1 pence each to be issued in respect of these
transactions will rank pari passu with the existing ordinary shares of the
company. All transactions are conditional on the admission of the new ordinary
shares to the Official List and to trading on the London Stock Exchange's main
market for listed securities by not later than 23 January 2011. 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 13 January 2011.

Following the allotment of these new ordinary shares becoming unconditional,
the issued ordinary share capital of the company will be 158,158,051 ordinary
shares of 1 pence each with voting rights; there are no shares held in
treasury. This figure may be used by shareholders as the denominator for the
calculations which will determine whether they are required to notify their
interest in the company, or any change to that interest, under the Financial
Service Authority's Disclosure and Transparency Rules.

About Anglesey Mining plc

Anglesey Mining with its LSE main board listing is primarily focused on its 41%
interest in Labrador Iron Mines (TSX:LIM). In addition to any new projects that
may be brought forward the company owns 100% of Parys Mountain in North Wales
with an historical resource in excess of 7 million tonnes at over 9% combined
copper, lead and zinc.

For further information, please contact:

Bill Hooley, Chief Executive [phone]

Ian Cuthbertson, Finance Director [phone]

Emily Fenton / Charlie Geller,
Tavistock Communications [phone] / [phone]