Offer Talks Terminated

RJB Mining PLC
11 October 2000


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                        RJB MINING PLC (the 'Company')
                                       
                              OFFER TALKS ENDED
                                       
On 14 June 2000, the Company announced that it had received a preliminary
approach, which might lead to an offer being made for the Company, although it
emphasised that discussions were at an exploratory stage.

The relevant party first approached the Company and initiated discussions in
March 2000, with intensive discussions beginning in June 2000.  Given the time
which had elapsed and the distraction of the potential offer from the
Company's ongoing business, the Company several weeks ago set a date for that
party to reconfirm its interest in making a potential offer, and to confirm
both the anticipated price and the availability of finance in regard of such
an offer.

The Company has, however, not received the confirmations requested and
accordingly has now terminated discussions.

As noted in the Company's interim financial statements on 7 September 2000,
the Company has a good forward sales order book, long term production assets,
a low level of borrowing and a valuable long-term property portfolio.  The
Company's policy remains to focus on returning cash, from both mining
operations and the sale of surplus property, to shareholders whilst matching
production to sales and maintaining investment in sustainable operations.


Enquiries:

Gavin Anderson & Company                     020 7457 2345
Liz Morley / Fiona Grant Duff