Issue of Equity

Alba Mineral Resources PLC
21 September 2005


              Alba Mineral Resources Plc (the 'Company' or 'Alba')

                                Issue of Equity

The Board of Alba announces that it has placed 1,250,000 new ordinary shares of
1p each at 8 pence per share to Altius Minerals Corporation ('Altius').  The
gross proceeds of the placing are £100,000.

Alba has entered into an agreement with Altius to use the proceeds of the
placing to commence exploration in certain areas in Norway, Sweden and Finland.
Alba has agreed to pay Altius a royalty based on the gross sales proceeds of any
minerals sold which are discovered in the exploration areas listed above as a
result of the exploration funded by the placing proceeds.

The new ordinary shares will rank pari passu with the existing ordinary shares.

Application has today been made for the new ordinary shares to be admitted to
AIM. Dealings in the new ordinary shares are expected to commence on 27
September 2005.

The enlarged share capital of the Company is now 60,312,600 shares of 1 p.

Furthermore, the Company has issued a warrant to Altius to subscribe for 937,500
ordinary shares of 1p each, exercisable at a price of 9 pence per share.
Subject to its terms, the warrant can be exercised at any date from the date of
issue to 4 April 2015.

Mr. Lance O'Neill, Chairman commented 'We are very pleased to welcome Altius as
a shareholder in Alba. The Board considers Altius to be one of the best run and
most successful Junior Explorers in the resources sector and values its interest
in Alba. We believe this investment will act as a catalyst for a close working
relationship between the two companies in the designated areas of interest and
that the Company will benefit from both the experience and contacts that Altius
will bring to the development of projects'.

The Company recently completed orientation geochemical and geophysical sampling
programmes at their Arthrath Nickel-Copper-PGE property near Aberdeen in
Scotland and is currently undertaking property-wide soil geochemical,
prospecting and mapping and geophysical surveys. In addition, a two hole
verification drilling programme commenced during August and the Company is
looking forward to releasing results from this drilling programme in the coming
weeks.

End.

Alba Mineral Resources (www.albamineralresources.com) is a developing quality
Junior Explorer with a diversified commodity portfolio focussed on the
Appalachian-Caledonide trend, a zone extending from the eastern seaboard of
North America to Scandinavia. Alba has interests in a number of well researched,
promising properties owned in its own right or in conjunction with other parties
and looks to enter into partnerships with other like-minded companies where a
pooling of resources and expertise has the potential to increase opportunities
to acquire other licences and prospects.

Altius Minerals Corporation (www.altiusminerals.com) has a royalty interest in
the Voisey's Bay nickel district in Labrador, Canada, where production has
recently commenced. Altius also has a diverse portfolio of mineral exploration
properties and holds strategic stakes in Aurora Energy Inc. and Rambler Metals
and Mining Plc.

Enquiries:-

Lance O'Neill, Alba Mineral Resources Plc                     020 7499 8334
Nigel Duxbury, Alba Mineral Resources Plc                     020 7499 8334
Wilson Robb, Alba Mineral Resources Plc                       [phone]
Sandy Archibald, Alba Mineral Resources Plc                   [phone]
Liam Murray, City Financial Associates Limited                020 7090 7800



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