Interim Mangement Statement

Anglesey Mining plc                         LSE:AYM

24 September 2007

Interim Management Statement for the period from 1 April to 20 September 2007.

During this period the company continued with the development of its two major
projects - base metals at Parys Mountain in Wales and iron ore in Labrador,
eastern Canada. On 20 July 2007 an institutional placing of £1,100,000 before
expenses was completed which enabled the company to increase its activities. On
11 September a preliminary prospectus was filed in Toronto in respect of a
proposed fund-raising in Canada for the further development of the group's
Labrador iron ore project.

The results for the year ended 31 March 2007 were issued on 29 June 2007. The
annual report is expected to be published within the next two weeks.

Parys Mountain

At Parys Mountain, international consultants Micon International Co Ltd (Micon)
delivered a Scoping Study for the separate development of the White Rock area
west of the existing shaft. The study indicates that, even as a stand alone
operation, White Rock is a viable project and can make significant positive cash
returns. The company intends to amend its development plans for the Parys Mine
so that the White Rock area is mined first; this will pave the way for the
subsequent development in a second phase of the Engine Zone most of which is
deeper and higher in grade than the White Rock.

Application has been made to the Local Authority for detailed approval of the
revised site plans and quotations are now being obtained for fencing,
excavation, portal design and construction, and other works. The environmental
baseline studies are being reviewed and updated where necessary. Quotations are
also being sought for the work required to undertake a bankable feasibility
study of the White Rock project. Further funding will be needed to proceed
beyond these activities towards full scale development.

Labrador Iron

Extensive work has been carried out during the period on a proposed fund raising
for the Labrador project. This resulted in a decision to float the Labrador iron
ore operations in Canada subject to shareholder approval and a number of
regulatory clearances. The filing of the preliminary prospectus in Toronto on 11
September is the first step towards the fund raising and flotation.

Outlook

The group is now strongly placed to take advantage of the current levels of
interest in iron ore. A successful completion of the Initial Public Offering
will revitalise the Labrador operations and result in very significant progress
for the Labrador project and for the company.

Parys activities are gearing up to a level not seen since 1991; by starting with
the White Rock area first, it will be possible, subject to financing, to get
into production quickly and generate a cash flow to complete the development
required to reach the richer resources of the Engine zone later. The advantages
of this approach are significant.

About Anglesey Mining

Anglesey Mining plc is a UK based company listed on the London Stock Exchange
with two major projects under active development towards mining production.

For further information:
John F. Kearney, Chairman                         +(1) 416 362 6686
Bill Hooley, Executive Director                   +(44) 1492 541981
Ian Cuthbertson, Finance Director                 +(44) 1248 361333
Parkgreen Communications                          +(44) 20 7851 7480

[e-mail]
www.angleseymining.co.uk