Statement re Update on Revenue Position

BlackRock World Mining Trust plc

Update on revenue position

Further to the announcement made on 8 October 2014 regarding the write down of
the London Mining royalty contract and convertible bond, the Board has now
assessed the expected impact of these holdings on its anticipated income for
the year ending 31 December 2014.

The information below should not be interpreted as a profit forecast.

Based on the latest information and exchange rates available the revenue return
per ordinary share for the year ending 31 December 2014 is expected to be in
the region of 19.6 pence per share. This estimate is based on having received
in cash from London Mining, in the year to date, £0.5m in respect of the
royalty contract and £1.3m in interest on the convertible bond and with an
expectation of receiving nothing further from London Mining to contribute
towards this year's revenue return.

In addition the Company and its subsidiary have revenue reserves brought
forward of 14.5 pence per share (after provision for the 2013 final dividend of
14 pence per share). This gives a projected total revenue reserve at 31
December 2014 of 27.1 pence per share, after provision for the 2014 interim
dividend of 7 pence per share. The Board expects that, in the absence of
unforeseen circumstances and by utilising part of the brought forward revenue
reserves if necessary, it will recommend a final dividend for the year ending
31 December 2014 of 14p per share, thereby maintaining the same rate of
dividend for 2014 as was paid for 2013.

It is expected that the announcement of the final dividend for the year ending
31 December 2014 will be made in March 2015 at the time of the publication of
the Company's annual results.

Enquiries:

Evy Hambro 0207 743 4511
Jonathan Ruck Keene 0207 743 2178