Appointment of Nominated Adviser and Broker

FOR RELEASE: 7.30 AM 4 August 2011

CIC MINING RESOURCES LTD

("CIC Mining Resources", the "Company", or "CICR"):

Appointment of Nominated Adviser and Broker

Restoration of trading on AIM

Settlement of US$2.5m Placing for CIC Precious Metals Group Limited

Nominated Adviser and Broker

CIC Mining Resources (AIM:CICR), the consulting and advisory firm operating primarily in the mining energy and infrastructure sectors, is pleased to announce the appointment of Northland Capital Partners Limited as its Nominated Adviser and Broker with immediate effect.

Following the appointment of Northland and the release of the Company's Final Results for the year ended 31 January 2011, the temporary suspension of the

Company's common shares from trading on AIM has been lifted and trading is now restored.

Settlement of US$2.5m Placing for CIC Precious Metals Group Limited

CIC Mining Resources is pleased to announce that all the requisite arrangements relating to the placing of 4,166,666 existing common shares held by CIC Mining Resources in its subsidiary, CIC Precious Metals Group Limited, have been completed and US$ 0.5m of the proceeds of the placing have been received by the Company with the balance of the proceeds, US$2.0m, expected to be received in August 2011.

In addition, a further 100,000 existing common shares (together with warrants) held by CIC Mining Resources in its subsidiary, CIC Precious Metals Group Limited, have been placed with investors at £0.30 per share raising £30,000 which will provide additional working capital for the Company.

For further information about the Company please see www.cicresources.com

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