Issue of Equity - on exercise of share option

Anglesey Mining plc                     LSE:AYM

Issue of Equity

23 March 2010

The company today announces that Ian Cuthbertson, finance director of the
company, has exercised an option over 300,000 ordinary shares of 1p each which
was granted on 3 May 2002 at 2 pence per share. This is the only option which
remained outstanding under the company's 1992 Executive Approved Share Option
Scheme which is now closed.

The new ordinary shares to be issued in respect of this exercise will rank pari
passu with the existing ordinary shares of the company. Application will be made
for the shares to be admitted to the Official List and trading is expected to
commence on 29 March 2010. Following the allotment of the new ordinary shares
the issued ordinary share capital of the company will be 152,858,051 shares with
voting rights; there are no shares in treasury.

The above figure may be used by shareholders as the denominator for the
calculations which will determine whether they are required to notify their
interest in the company, or any change to that interest, under the FSA's
Disclosure and Transparency Rules.

For further details:
Ian Cuthbertson, Finance Director        + (44) 1248 361333