Anglo Pacific Group PLC: Acquisition of Iron Or...

News Release

August 3, 2011

                                              Anglo Pacific Group PLC
                                Acquisition of Iron Ore Royalty from London Mining

Anglo Pacific Group PLC ("Anglo Pacific", the "Group") (LSE: APF) (TSX: APY) announces today that it has agreed to
purchase  a  1% gross revenue royalty on London Mining PLC's ("London Mining") Isua iron ore project in  Greenland
for  US$30  million.  Anglo Pacific has entered into a royalty agreement with London Mining and  its  wholly-owned
subsidiary, London Mining Greenland A/S ("London Mining Greenland").

London  Mining  has  commenced work on a feasibility study for the Isua project based on a  15Mtpa  open  pit  and
processing operation with a 15-year initial mine life.  Production is targeted for 2015.

The  royalty  agreement contains a number of trigger events, the occurrence of which will allow Anglo  Pacific  to
convert the royalty back into the US$30 million consideration, the satisfaction of which can be in cash or  London
Mining  shares  at  London  Mining's election.  Trigger events include a failure  to  fulfil  certain  milestones,
including the completion of a bankable feasibility study by 31 December 2012 and obtaining an exploitation licence
by 31 December 2013.

Commenting on the acquisition, Peter Boycott, Chairman of Anglo Pacific, said:

"We  are extremely pleased with the acquisition of the royalty on the Isua project. The acquisition enables  Anglo
Pacific  to  strengthen our focus on steel making raw materials and we believe that this will deliver considerable
long term revenue growth and cash flows for the Group and its shareholders. Anglo Pacific remains focussed on  the
acquisition  of  royalties  that will enhance the value of our royalty portfolio and  will  enable  the  Group  to
capitalise  on  long  term  growth in key Asian markets, as well as providing additional  diversification  in  our
exposure to key commodities."

For further information:

Anglo Pacific Group PLC                                           [phone]

Peter Boycott, Chairman
John Theobald, Chief Executive Officer
Matthew Tack, Finance Director

Website:                                                     www.anglopacificgroup.com

Liberum Capital                                                   [phone]

Chris Bowman
Christopher Kololian

Pelham Bell Pottinger                                             [phone]

Lorna Spears
James MacFarlane

Notes to editors:

Anglo  Pacific Group PLC is a global natural resources royalties company. The strategy of the Group is  to  expand
its  mineral  royalty interests in low-cost, long-life mining assets. The Group achieves this through both  direct
acquisition and investment in projects at the development and production stage. It is a continuing policy  of  the
Group to pay a substantial proportion of these royalties to shareholders as dividends.

London Mining PLC is focused on identifying, developing and operating scalable mines to become a mid-tier supplier
to  the global steel industry. London Mining is developing three iron ore mines in Sierra Leone, Saudi Arabia  and
Greenland  as  well  as a coking coal operation in the Socha region of Colombia. All London Mining's  assets  have
deliverable production with potential for expansion.  London Mining is currently listed on the AIM in  London  and
Oslo  Axess and trades under the symbols LOND.L and LOND.NO (Reuters) and LOND LN and LOND NO (Bloomberg).  London
Mining's shares will be delisted from Oslo Axess on 3 October 2011.

Important notice

This  news  release  contains  forward-looking  statements based  on  assumptions  and  reflects  Anglo  Pacific's
expectations,  estimates  and  projections  of future events as of  the  date  of  this  release.  Forward-looking
statements   include,  without  limitation,  statements  regarding  the  performance,  prospects,   opportunities,
priorities,  targets, goals, objectives, strategies, growth and outlook of Anglo Pacific. Often, but  not  always,
forward-looking  statements  can  be  identified by the use of words such as  "expects",  "anticipates",  "plans",
"believes", "estimates", "seeks", "intends", "targets", "projects", "forecasts", or variations (including negative
variations)  of such words and phrases, or state that certain actions, events or results "may", "could",  "would",
"might" or "will" be taken, occur or be achieved.

Forward-looking statements are based upon certain material factors and assumptions that were applied in drawing  a
conclusion or making a forecast or projection, including assumptions and analyses made by Anglo Pacific  in  light
of  its  experience and perception of historical trends, current conditions and expected future  developments,  as
well  as  other factors that are believed to be appropriate in the circumstances. Also, forward-looking statements
involve  known and unknown risks, uncertainties and other factors that are beyond the Company's control and  which
may  cause  the  actual results, performance or achievement to be materially different from  any  future  results,
performance  or  achievements expressed or implied by such forward-looking statements. Such material  factors  and
assumptions and risks and uncertainties include, among others, those described in the Company's annual information
form dated as at June 29, 2010 (available on Anglo Pacific's website and at www.sedar.com), which are incorporated
by reference into this release and qualify any and all forward-looking statements made in this release.

Although  Anglo Pacific has attempted to identify factors that could cause actual actions, events  or  results  to
differ  materially  from  those described in forward-looking statements, there may be  other  factors  that  cause
actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that
actual  results  will be consistent with these forward-looking statements. Accordingly, readers should  not  place
undue  reliance  on  forward-looking statements. The forward-looking statements herein relate only  to  events  or
information  as of the date on which the statements are made and, except as specifically required  by  law,  Anglo
Pacific  undertakes no obligation to update or revise any forward-looking statements, whether as a result  of  new
information, estimates or opinions, future events or results or otherwise.

Registered in England No. 897608  Registered Office:  17 Hill Street, London W1J 5LJ

Anglo Pacific Group Plc