Issue of new shares and agreement with Intermine

Anglesey Mining plc LSE:AYM

26 July 2012

Issue of new shares and agreement with Intermine Limited

Anglesey Mining plc is pleased to announce that it has reached an agreement
with Intermine Limited to discharge all amounts due to Intermine and to buy out
the Net Profits Royalty Agreement held by Intermine in respect of the Parys
Mountain copper-lead-zinc property in North Wales.

Under the agreement Intermine will receive Canadian $1 million in cash (£
630,000) and 2,000,000 ordinary shares in the company which will discharge all
amounts due to Intermine and result in the cancellation of the existing Net
Profits Royalty Agreement signed in May 1998. The amount recorded as due to
Intermine in the accounts at 31 March 2012 was £759,680. When these
arrangements are completed Intermine's involvement in Parys Mountain and with
the Anglesey Mining group will cease other than as a shareholder.

The agreement will relieve Anglesey of the requirement to make annual advance
royalty payments to Intermine prior to the commencement of production and will
eliminate all future royalties payable to Intermine from any mineral production
at Parys Mountain.

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 30 July 2012.

Following the allotment of these new ordinary shares becoming unconditional,
the issued ordinary share capital of the company will be 160,608,051 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 holds 26% of Toronto-listed Labrador Iron Mines Holdings Limited which
is now producing iron ore from its James deposit, one of LIM's twenty direct
shipping iron ore deposits in western Labrador and north-eastern Quebec.

Anglesey is also carrying out development and exploration work at its 100%
owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where there is
estimated to be a total 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];
Samantha Harrison / Klara Kaczmarek: RFC Ambrian [phone];
Emily Fenton / Jos Simson: Tavistock Communications [phone]