Limited Strike Action at Peño

RNS Number : 0501N

Fresnillo PLC

10 February 2009

Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

10 February 2009

Limited Strike Action at Peñoles Refinery

No Current Impact on Fresnillo

Fresnillo plc, the world's largest primary silver producer and Mexico's second largest gold producer, has been advised by its parent company, Peñoles, that one of the sections of the union operating at the Met-Mex metallurgical complex has stopped work over a dispute on the annual contract review. This stoppage currently has no impact on Fresnillo's operations as it is limited to the lead-silver refinery unit and agreements have been reached throughout the rest of the metallurgical complex and the lead smelter and the zinc refinery are operating as usual. In the event that this stoppage is not resolved in the short-term and in order to ensure that there is no interruption to its operations, Fresnillo is already examining alternative options for its concentrate treatment requirements in case Met-Mex were unable to receive and process further lead concentrates.