Admission to AIM: first day of dealings

Under embargo to: 0700hrs Monday 1 November 2010

CIC Mining Resources Ltd

("CIC Mining Resources" or the "Company")

Admission to AIM: first day of dealings

The Directors of CIC Mining Resources (AIM: CICR), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, are pleased to announce that the Company's issued share capital has been admitted to trading on the AIM market of the London Stock Exchange with the commencement of dealings of its common shares starting at 0800hrs today under the ticker symbol of CICR. The Company additionally trades on the Canada National Stock Exchange CNSX (trading symbol: RRR), and the Frankfurt Stock Exchange (trading symbol 31C).

Commenting on the Company's Admission to AIM, the Chairman, President and CEO of CIC Mining Resources, Stuart Bromley, said:

"A London listing provides the ideal platform through which to develop our mining consulting and advisory business. Firstly, it allows us the flexibility to raise additional capital at the appropriate moments in our development; secondly, it strengthens our profile within the PRC and international mining community; and thirdly, it gives the Company a global publicly traded equity currency to pursue future opportunities. We are delighted to have joined AIM."

At Admission, CIC Mining Resources has 152,451,777 common shares in issue.

Introduction

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development. In consideration for the Company's provision of its advisory and consulting services, the Company seeks to receive either marketable securities (if the client company is publicly listed) or equity in the form of shares, options or warrants (if the client company is unlisted) in its client companies and, where appropriate, cash fees.

The Company additionally intends to seek the exclusive right to control the public listing process of any client company if the client company is an unlisted company. The Directors believe that involvement in the future listing process is a key feature of the Company's value proposition and the services it offers, which also aim to allow the Company to maximise the effective value of the equity consideration it receives.

Background

The Company was incorporated in Canada and was listed on the CNSX in 2004 followed by the Frankfurt Stock Exchange in 2007. Since 2005, when the current executive management took control of the business, it has been headquartered in Beijing and this remains its main centre of operations today. The Company has an informal network of contacts in private mining companies in the PRC and also within the wider international mining community, in particular South Africa and Australia. The Company believes that some of its informal network of contacts with private mining companies can provide a potential source of funding or expansion for the Company's client companies and are a potential client base for consulting and advisory projects offered to the Company in other parts of the world.

Summary of Services

The Company's policy is to provide advice principally in the mining and energy infrastructure sectors, and primarily to companies that the Directors believe are undervalued or that have strong fundamentals and attractive growth prospects. Mining and energy infrastructure companies or projects will include those involved in the exploration for, and extraction of, base metals, precious metals, bulk commodities, thermal and metallurgical coals, industrial metals, hydrocarbons, renewables and new technologies, including single-asset as well as diversified natural resources companies.

The Company intends to focus on advising companies with early stage projects and with potential for creating returns on the equity that the Company receives as consideration for the provision of its services. This will usually be where sufficient exploration has been completed such that a basic ore body can be defined. However, the Company may, from time to time, provide advice to other exploration companies whose activities are speculative by nature. Through the Group's informal network of contacts, the Company may provide advice to other later stage projects where catalysts and opportunities for shareholder value have been identified.

Advisory Service

The advisory services provided by the Company cover a range of technical (including geological survey and report preparation), project management, strategic and commercial services. The Company also uses, and intends to use, its technical knowledge and its informal network of contacts to assist client companies in the selection of suitable third party advisers, as appropriate, in respect of services such as technical services (for example, engineers and/or geologists) and legal, accounting, tax, corporate finance and broking advice.

Strategic Investment Service

Through its informal network of contacts in the PRC, the Directors believe the Company is well positioned to assist junior mining and energy infrastructure companies to obtain strategic investments from potential industry partners. The form of strategic investment may include an equity stake, a partnership, a merger or an acquisition.

Advising on listings

A key tenet of the Company's offering is the ability to help client companies realise value through a listing on a stock exchange. Although the Company is not regulated to advise on the actual listing or any associated fundraising, through its network of adviser contacts and its internal team of employees and consultants, the Company is able to provide pre-IPO and IPO consultancy and advisory services which are intended to facilitate private client companies to position and prepare themselves to achieve an efficient public listing.

As part of the advisory service agreement with clients, the Company intends to agree to, directly or indirectly, assist client companies in obtaining a public listing. In the Directors' opinion, this service offering is distinct and offers a competitive advantage over the main stream approach.

Business Model

As consideration for CIC Mining Resources' services, the Company seeks to earn up to 49 per cent. of the issued share capital in the client company as well as a periodic retainer fee depending on a number of factors including the level of service, Company resources used, deal size, complexity and timeframe to realisation. In order for the Company to have a degree of control on the timeframe to realisation of the equity interest it receives in client companies it intends to seek, where appropriate, the exclusive right to assist in facilitating a public listing/offering as part of the advisory service agreement.

Key Strengths

The Directors believe that the key strengths of the Group's business are:

Board and management

The Board and management have international experience in the resources industry with particular expertise in extractive industries. Mr. Bromley and his team have technical expertise allied with industry knowledge and an informal network of international contacts. The Directors believe this will assist them to assess the value of opportunities presented to them and to source potential clients. The Company intends to review its Board as it develops.

China based, international footprint, key contacts

The Directors believe that some of the private mining companies in which they have contacts may be suitable candidates for becoming client companies of the Company and may benefit from the Company's expertise and services. In addition, they may be seeking to expand and the Company seeks to provide access for such organisations to the Company's potential client companies and to identify and advise on strategic opportunities for the same.

International exposure

The Company's executives have worked for and assisted mining companies and have established informal networks of trusted contacts internationally with particular strength in key mining jurisdictions such as China, South Africa and Australia. The Company intends to capitalise on these contacts to gain access to potential clients.

Exclusive rights

The Company intends to seek the exclusive right with its client companies to assist in facilitating their future listing on a stock exchange or to facilitate partnering with the Company's shareholder base and other interested parties. In return for providing these services the Company will seek to receive shares and/or warrants in the client companies.

Range of client companies

The Directors believe they have opportunities with potential client companies. As the Company will generally seek to receive an equity interest in client companies as consideration for the provision of services, the Company spends considerable time and effort in analysing potential client companies to determine their attractiveness for the Company. The Company will seek to be engaged by a range of client companies by providing services to companies involved in a range of sectors within its specified areas of focus and across a range of jurisdictions.

Employees

The majority of the staff has been with the Group for more than five years. Some of these staff are employed by Top Ten, the Company's operating entity in China, while the others are employed by the Company's representative office using a labour dispatch agency as required under PRC law. The Group employs local staff with professional qualifications such as accountancy, law, geology and engineering and encourages staff to undertake further professional education to assist them in identifying and then providing value add services to client companies.

Summary Share Information

·; Number of common shares in issue on Admission: 152,451,777;

·; percentage of AIM securities not in public hands on Admission: 69.0%;

·; significant shareholders with interests of 3% or more of the issued share capital of the Company:

Details of Advisers

The Company's nominated adviser and broker is Canaccord Genuity Limited.

Copies of the Admission Document are available at www.cicresources.com.

- Ends -

Contact details

NOTES TO EDITOR

Directors

The Directors of the Company are as follows:

Mr. Stuart James Bromley, age 49

Stuart Bromley is a Director and the Chief Executive Officer, President and Chairman of the Company. In his role as President, Mr. Bromley is responsible for all aspects of the Company's activities, including financing and mineral project management and evaluation of clients and divestment opportunities.

Mr. Bromley was born in South Africa (Witbank coal fields), is qualified in both Civil and Mechanical Engineering, and worked in Australia as an engineer until 1982. Mr. Bromley subsequently contracted with Japanese corporations in industrial electronics. In 1989, Mr. Bromley established an advisory firm providing international expertise in the areas of marketing, strategic management and corporate restructuring for organisations in Japan, Russia, Central Asia, Europe and North America. Mr. Bromley has been a negotiator and strategist for Fortune 500 corporations. Also, from 1995, he has operated as Cultural Attaché and adviser for various communist countries in Central Asia and the Eastern Bloc. In addition, Mr. Bromley is the Secretariat for the PR China Investment Council, and was appointed as Investment Attaché by the Mongolian Government Cabinet between 2002 and 2004. Mr. Bromley has worked in the PRC since 1988 and now is a resident in Beijing.

Mr. Hu Ye, age 48

Mr Ye is an Executive Director and the Chief Financial Officer of the Company. Mr. Ye is a Canadian Citizen fluent in English and Chinese. Mr. Ye is a Certified General Accountant (CGA) Canada, holds a Masters Degree in Economics from University of Toronto, Canada and a Bachelor of Science degree in Electrical Engineering from Huazhong University of Science and Technology, China.

Mr. Ye has wide private and public company experience, formerly working as a Financial Analyst,

Finance and Tax, at Mackenzie Financial Corporation, Canada; an Assistant Vice-President, Finance, Corporate and Institutional Client Group, at Merrill Lynch Canada; and a Consultant, Securitisation Finance, at The CIT Group, Inc., Canada. Between 2006 and 2007 he was the CFO at BOCO Enterprises Ltd, a Hong Kong enterprise with operations in oil development and production in China and was the CFO at China Shen Zhou Mining & Resources, Inc. (AMEX: SHZ) between 2008 and 2009. He is currently presiding as the CFO, of Shengtai Pharmaceutical, Inc. (SGTI.OB).

Mr. Hongguang (Kevin) Li, age 44

Mr Li is a Non-Executive Director of the Company. Mr. Li is an Attorney at Law in the PRC, having graduated from the Northwestern Polytechnic University in 1989 and from the China University of Political Science and Law in 1991. From 1991 to 1998 Mr. Li acted for the Ministry of Geology and Mineral Resources, China. In 1993, Mr. Li, in the capacity of visiting scholar, conducted comparison research on Western mining law at the Law School of Boston University, USA.

In 1996 Mr. Li was involved in drafting the new Mineral Law of PRC. Since August 1998, Mr. Li has been a director of Headmen group of companies and has been providing legal consulting to many international mining companies and is active in many facets of mineral development in China. Mr. Li is also a partner of Beijing Dong Yuan Law Firm, the Company's legal adviser on PRC law matters.

Mr. Robert Leslie Rhodes, age 52

Mr Rhodes is a Non-Executive Director of the Company. He has worked in the quarrying/mining and construction industry in Australia for the past 22 years. He is currently the Western Region General Manager for Komatsu Australia managing over 500 personnel. Mr. Rhodes has worked with major national and global mining and construction companies that operate in Australia.

After graduating from Curtin University in 1979 with a Bachelors degree in Applied Science, Mr. Rhodes spent six years working as an agriculture research scientist. In 1985 Mr. Rhodes joined Boral Quarries which was the beginning of his career in the quarrying/mining and construction industry. Within this industry he has held roles involving responsibilities for marketing, contracts, operations, human resources, and regional and general management.