Notice of AGM and EGM

Anglesey Mining PLC
07 November 2007


7 November 2007


                                Anglesey Mining
                                    LSE:AYM

   Class I Circular re partial disposal of Labrador iron properties posted to
                                  Shareholders

                    AGM and EGM called for 30 November, 2007

Anglesey Mining Plc ('Company') is pleased to inform its shareholders that a
circular relating to the proposed disposal of part of the Company's interests in
the Labrador Iron Properties ('Circular') has today been posted to all
shareholders, other than those resident in Canada.  The Company has been advised
by Canaccord Adams Limited ('Canaccord') in respect of this matter.

An extraordinary general meeting of the Company ('EGM'), to approve the
above-mentioned partial disposal, has been convened for 11:30 am on 30 November
2007.  The proposed partial disposal is to be effected by the sale, in Canada,
of Units (being shares and warrants) by way of a placing in a new company called
Labrador Iron Mines Holdings Limited and the subsequent listing of its shares on
the Toronto Stock Exchange.

The EGM will immediately follow the Annual General Meeting ('AGM') of the
Company which has been convened for 11:00 am on the same day.

Notice of the EGM and AGM and proxy forms for both meetings have been sent to
all shareholders, other than those resident in Canada who will only receive
notice of and proxy forms for the AGM.

The Company will also be sending, no later than 20 November 2007, a supplemental
letter to all shareholders (other than those resident in Canada) which will
contain further information on the expected range of the number of Units to be
sold and the expected price range of those Units.  The supplemental letter will
also contain any additional material information necessary to be provided to
shareholders at the date of the letter.

Bill Hooley, Chief Executive, commented: 'We are very pleased that in
conjunction with Canaccord we are moving towards the financing of the Labrador
properties through the proposed Placing. In addition to providing funding for
the development of the Labrador properties we believe that this proposed placing
will enable the Company's retained interest in the Labrador properties to be
valued appropriately in the market place.  The Company believes that this is a
unique opportunity to be part of the exciting current world-wide iron ore
market. In addition, we look forward to this value being recognised in our
continuing plans for financing the development op the Parys Mountain project in
North Wales.'



For further details:

Bill Hooley, Chief Executive                                +(44) 1492 541981

Ian Cuthbertson, Finance Director                           +(44) 1248 361333

John F. Kearney, Chairman                                   +(1) 416 362 6686

Robin Birchall, Canaccord Adams Limited                    +(44) 20 7050 6500

Parkgreen Communications                                   +(44) 20 7851 7480




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