Issue of Equity Placing Completed

Anglesey Mining plc is pleased to report the success of its Placing, which was
announced on 18 April 2005. The fund raising has been completed for the target
figure of £464,000 before expenses by way of a private placing of 11,600,000 new
ordinary shares at 4 pence per share to 18 institutional and/or sophisticated
investors.

Application has been made for the new ordinary shares to be admitted to trading
on the main board of the London Stock Exchange and dealings in shares are
expected to commence on 22 April 2005. The shares will rank pari passu with
existing shares. Following the placing there will be 127,841,384 shares in
issue.

The funds from the placing will be utilised towards the re-establishment of the
company's Parys Mountain copper and zinc project in Anglesey, North Wales by a
re-examination and updating of the earlier Project Plan and Feasibility Study
and an initial phase of the planned exploratory drilling programme. The company
is already in discussion with drilling contractors and work on site is expected
to commence within a matter of weeks. A number of consultants are expected to
assist in the Feasibility Study update. The funds will also be applied to
working capital, strategic developments and general corporate purposes.

John Kearney, chairman said
QUOTE
Increases in prices of base and precious metals have significantly improved the
projected returns from our  polymetallic deposit at Parys Mountain. The zinc
price rose to a 7 year high in early 2005 and zinc is expected to be in a strong
supply deficit for the next 2 years. The new financing will give the company the
opportunity it has been waiting for to move the Parys Mountain project forward.

Parys Mountain already has a resource of 6.5 million tonnes at 10% combined
metals which, in the first few years of operation, would produce revenues from:
zinc (41%), copper (28%), lead (19%), silver (9%) and gold (7%). These ratios
would move in favour of copper later in the mine life. We believe there are
excellent prospects for the discovery of further resources on the Parys Mountain
property.
UNQUOTE

Golden Prospect plc has declared a 10.4% interest in the company following the
placing.


Contacts:
J F Kearney  Chairman  [phone]
Ian Cuthbertson  Finance director  + 44 1248 361333