LIM Appoints President and COO

18 November 2011

                         Anglesey Mining plc [LSE:AYM]                         

            LIM appoints new President and Chief Operating Officer             

Anglesey Mining's 33% owned associate Labrador Iron Mines Holdings Limited
(TSX: LIM) is very pleased to report that it has appointed Rod Cooper as
President and Chief Operating Officer with effect from December 1, 2011.

Bill Hooley, currently President and Chief Operating Officer, will be appointed
to the position of Vice Chairman and Director, and well as continuing his role
as Chief Executive of Anglesey Mining PLC, LIM's largest shareholder.

Rod Cooper - President and Chief Operating Officer

Rod Cooper is currently Vice President and Senior Analyst - Mining with Dundee
Securities, a position that he has occupied for two years. Prior to that he
served for four years as Vice President Operations and Chief Operating Officer
with Baffinland Iron Mines Corporation during its major development activities
on the Mary River iron ore project on Baffin Island.

Previously Rod has had a distinguished career in the mining sector with such
other companies as Kinross, Homestake and Echo Bay in increasingly senior
technical, operational and corporate management roles, including Vice President
Technical Services with Kinross and Mine Superintendent, Eskay Creek Mine, with
Homestake.

Rod brings a wealth of experience to Labrador Iron Mines that will be vital as
it is moves from the development stage to being a large iron ore mining
company. Rod will be responsible for all operational aspects of the business
including mining and processing, transport and ports.

Rod Cooper has been granted options under the Company's Employee Stock Option
Plan on 200,000 shares, exercisable at $6.35 per share for a period of five
years and vesting quarterly over two years.

Bill Hooley - Vice Chairman and Director

Bill Hooley has been President and Chief Operating Officer of the Company since
April 2007 and, together with a small senior management team, has directed the
growth of the Company from a small exploration business, though the Company's
IPO on the Toronto Stock Exchange, to being the newest and only independent
iron ore producer in Canada.

Since January 2006 he has also served as Chief Executive of Anglesey Mining plc
of the United Kingdom which is LIM's largest shareholder. Bill Hooley will
return to the United Kingdom to continue his role with Anglesey, and through
his position as Vice Chairman and as a continuing Director of LIM will have
oversight of new developments and ongoing product marketing, as well as
providing general advice and guidance on the Schefferville projects.

John Kearney, Chairman and Chief Executive of LIM commented:

"We are very pleased that Rod Cooper, an experienced senior mining executive,
has agreed to join us as President and Chief Operating Officer, as we
transition from development into production. The skills he brings will be
invaluable to LIM as we move forward with our mining and expansion plans. Rod
will complement a number of other senior appointments that we have made this
year, including Aiden Carey Senior Vice President Operations and Nathaniel
Chouinard Senior Vice President Projects.

I would like to thank Bill Hooley for his enormous contribution to the
development of Labrador Iron Mines from early 2006, initially with Anglesey
Mining and subsequently over the last four and a half years with LIM. Bill will
continue to be involved with the Company in his new role as Vice Chairman and a
Director, where he will work with senior management in overseeing the major
activities planned for the Schefferville projects and any new corporate
developments, as well as representing Anglesey Mining, the company's largest
shareholder, on the board of directors.

These appointments are very much a natural transition for the Company, that we
have been putting in place for the past year, as the skills that were required
during the early formative years need to be supplemented by a different set of
skills and experience aligned to the particular requirements of an operating
and growing mining company", added John Kearney.

About Labrador Iron Mines Holdings Limited (LIM)

LIM is engaged in the production and development of its 100% owned
Schefferville Area direct shipping iron ore (DSO) properties in the Labrador
Trough of western Labrador and northeastern Quebec. The Company commenced
production from the James Mine in June 2011 following the successful
construction and commissioning of the mine and Silver Yards processing plant
earlier in the year, and began shipping high quality lump and sinter fine
products to China in the fall of 2011.

LIM contemplates mining in stages. The first phase of Stage 1 comprises the
James Mine and the Silver Yard processing plant which is connected by a rail
spur to the main Schefferville to Sept-Iles railway. Through a phased expansion
program, LIM plans to grow its iron ore production through the subsequent
development of adjacent deposits.

For further information, please view the Company's website at 
www.labradorironmines.ca.

About Anglesey Mining plc

Anglesey Mining with its LSE main board listing is primarily focused on its 33%
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 view the Company's website at 
www.angleseymining.co.uk.

For further information, please contact:

Bill Hooley, Chief Executive [phone]

Ian Cuthbertson, Finance Director [phone]

Samantha Harrison / Shaun Whyte, Ambrian Partners Limited [phone];

Emily Fenton / Jos Simson, Tavistock Communications, [phone] / [phone].