Trading Statement - Labrador Iron Mines receive...

Anglesey Mining plc                LSE:AYM                      5 May 2010

LIM receives environmental and construction permits for railway

Construction of 4.5 km spur line commences

Anglesey Mining plc is pleased to announce that its 41% owned associate company
Labrador Iron Mines Holdings Limited (TSX: LIM) has reported that it has begun
construction on the new 4.5 km railway spur line in preparation for the
commencement of operations at the Schefferville area iron ore project this
summer.

The Construction Permit has been issued by the Minister of Transport and Works
of the Province of Newfoundland and Labrador under the Rail Service Act, for the
re-establishment of the railway spur line between the LIM processing site at
Silver Yard and the existing Tshieutin Rail line which runs to the port of Sept-
Iles. This enables LIM to immediately proceed with the installation of track
panelling that has been assembled offsite over the past several months.

The new rail spur line will be used to move to site the main components of the
processing plant and the accommodation camp. The process and camp components
have all been ordered and the majority have now been delivered.  These will be
installed when the mine construction and operating permits are received in the
near future.  It is expected that the rail work will be completed within the
next 30 days.

This Permit follows the receipt of approval from the Department of Environment
and Conservation of the Environmental Protection Plan for the spur line
reconstruction.

Mining leases for the first stage James and Redmond deposits, surface use leases
for the rail spur, Silver Yard beneficiation area, camp, and residue disposal,
together with a number of other permits and licenses, have all now been issued
by the Government of Newfoundland and Labrador.  A number of other permits,
including the mine operating permit, are expected to be issued in the near
future.


Labrador Iron Mines Holdings Limited (LIM)

LIM's Schefferville area project involves the development of twenty direct
shipping iron ore deposits in western Labrador and north-eastern Quebec near
Schefferville, Quebec. These properties are part of the historic Schefferville
area iron ore district where mining of adjacent deposits was previously carried
out by the Iron Ore Company of Canada from 1954 to 1982.  Labrador Iron Mines
contemplates mining in four stages, the first phase of Stage 1 comprising the
James and Redmond deposits, which are located in close proximity to existing
infrastructure. LIM plans, subject to timely receipt of remaining permits, to
commence iron ore production in mid-2010. For further information, please see
www.labradorironmines.ca.


About Anglesey Mining plc

Anglesey Mining with its LSE main board listing is primarily focused on its 41%
interest in LIM. In addition to any new projects that may be brought forward the
company owns 100% of Parys Mountain in North Wales with an historical resource
in excess of 7 million tonnes at over 9% combined copper, lead and zinc.

For further information contact:

Bill Hooley, Chief Executive  [phone]
Ian Cuthbertson, Finance Director  [phone]
Emily Fenton/Charlie Geller, Conduit PR
                   [phone] / [phone]