Issue of Equity

Alba Mineral Resources PLC
07 November 2007


          ALBA MINERAL RESOURCES PLC ('ALBA' or the 'Company')
                               ISSUE OF EQUITY


The Board of Alba announce that it has issued and allotted, credited as fully
paid 6,250,000 new ordinary shares in the Company at a price of 1.6 pence per
share to raise £100,000 (the 'Placing').  The proceeds of the Placing will
provide additional working capital for the Company.

The new ordinary shares will rank pari passu with the existing ordinary shares. 
Dealings in the new ordinary shares are expected to commence on AIM at 8:00 a.m.
on 13 November 2007.

Further details of the Placing are set out below:-

Placee                               Number of Alba     Number of Alba     Percentage
                                     shares issued and  Shares held        interest in the
                                     allotted pursuant  subsequent to the  enlarged issued
                                     to the Placing     Placing            share capital of
                                                                           Alba subsequent to
                                                                           the Placing


Regency Mines Plc ('Regency')*       6,250,000          6,250,000          8.6%


* Michael Nott, a director of Alba, is also a director of Red Rock Resources
Plc, an AIM listed Company of which Regency Mines Plc (also an AIM listed
company) is a Substantial Shareholder

Regency has conditionally been granted an option to subscribe for a further
12,500,000 new ordinary shares in the Company at a price of 1.6 pence,
exercisable before 15 January 2008.

TOTAL VOTING RIGHTS

Following the issue of equity and in conformity with the Financial Services
Authority's Disclosure and Transparency Rules, the Company gives notice that its
voting capital consists of:

Ordinary Shares     Nominal Value        £              Ordinary Shares held in
                                                              Treasury

72,870,100              1p             728,701                   -


As Alba does not hold any ordinary shares in Treasury its total number of voting
rights equals its capital.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, Alba under the FSA's Disclosure
and Transparency Rules.



Enquiries:

Michael Nott, Director                                  Tel:  [phone]
Alba Mineral Resources Plc

Liam Murray, Nominated Adviser                          Tel:  [phone]
City Financial Associates Limited




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