Issue of warrants

Alba Mineral Resources PLC
05 October 2006

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

                               Issue of Warrants



The Board of Alba (AIM: ALBA) announces that the Company has issued a warrant to
Michael Charles Nott, who was recently appointed Executive Group Managing
Director of the Company, to subscribe for 625,000 ordinary shares of 1p each,
exercisable at a price of 10 pence per share, representing approximately 0.9% of
the existing issued share capital of the Company.  Subject to its terms, the
warrant can be exercised at any time from the first anniversary of the date of
grant of the warrant, 3 October 2006, until 2 October 2016.


Furthermore, the Board announces that the Company has issued a warrant to Dr.
Charles Jay Hodgson, who was recently appointed Non-Executive Director of the
Company, to subscribe for 312,500 ordinary shares of 1p each, exercisable at a
price of 10 pence per share, representing approximately 0.5% of the existing
issued share capital of the Company.  Subject to its terms, the warrant can be
exercised at any time from the first anniversary of the date of grant of the
warrant, 3 October 2006, until 2 October 2016.



The issued share capital of the Company is 66,620,100 ordinary shares of 1 pence
nominal value.



Enquiries:-


Lance O'Neill, Alba Mineral Resources Plc                020 7499 8334
Mike Nott, Alba Mineral Resources Plc                    020 7499 8334
Liam Murray, City Financial Associates Limited           020 7090 7800





Alba is a junior explorer with a diversified commodity portfolio, primarily
nickel, gold, copper, cobalt and platinum group metals, focussed on the
Appalachian-Caledonide trend, a zone extending from the eastern seaboard of
North America to Scandinavia. Alba currently has interests in a number of
well-researched properties in Scotland and Ireland owned in its own right or in
conjunction with other parties.




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