Result of EGM

RNS Number : 3404D

Alba Mineral Resources PLC

27 March 2014

Alba Mineral Resources plc

("Alba" or "the Company")

Result of General Meeting

Alba Mineral Resources plc (AIM:ALBA), the UK based exploration company, is pleased to announce that at its general meeting held earlier today, all resolutions were passed.

Further to the announcement of 4 March 2014 where the Company announced it had conditionally raised £230,718 (the "Subscription") through the subscription of 92,287,300 new Ordinary Shares ("Subscription Shares"), application has now been made for the Subscription Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. on 28 March 2014.

Following the meeting Sandy Archibald and Nigel Duxbury have resigned as directors and George Frangeskides has been appointed as Executive Chairman of the Company. Nigel Duxbury will continue as Company Secretary and Chief Financial Officer in the short term and both Nigel Duxbury and Sandy Archibald will provide consultancy services as required to ensure a smooth transition. Michael Nott remains as CEO.

For full details on the Subscription and the information required on George Frangeskides to be disclosed pursuant to Schedule 2(g) and Rule 17 of the AIM Rules, please refer to the Company's announcement of 4 March 2014.

Total Voting Rights

Following Admission, the total number of Ordinary Shares in issue will be 307,624,352. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights will be 307,624,352. This figure may be used by shareholders in the Company 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, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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