Issue of Equity

Alba Mineral Resources PLC
22 November 2007


ALBA MINERAL RESOURCES PLC ('ALBA' or the 'Company')
Issue of Equity

Further to the announcement made by the Company 7 November 2007 the Board of
Alba announce that it has issued and allotted, credited as fully paid 12,500,000
new ordinary shares in the Company at a price of 1.6 pence per share to raise
£200,000 (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 28 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')*       12,500,000         18,750,000         21.3%


* 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

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

88,070,100                1p                        880,701                   -

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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