Appointment of Nominated Adviser and Joint Broker

Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: General Financial

10 October 2011

Alecto Minerals plc ("Alecto" or the "Company")

Appoints Nominated Adviser and Joint Broker

Alecto Minerals plc, the AIM listed resource company, is pleased to announce the appointment of Fox-Davies Capital Limited ("Fox-Davies") as Nominated Adviser and broker to the Company with immediate effect. Fairfax I.S PLC ("Fairfax") has been appointed as the Company's joint broker.

Alecto Managing Director Damian Conboy said, "We look forward to working with both Fox-Davies and Fairfax as we continue to advance our current portfolio of Mauritanian and Ethiopian gold and base metal projects, in tandem with assessing complementary assets in Africa. Both companies have broad networks within the mining investment community and solid experience within the sector. Also, we believe that their involvement is testament to the quality of our projects, corporate team and future prospects."

**ENDS**

For further information, please visit www.alectominerals.com or contact:

Notes:

Alecto Minerals Plc is an AIM listed resource exploration and development company focussed on Africa. 

Alecto Minerals has a diverse portfolio of exploration assets in both Mauritania and Ethiopia. In Mauritania, the Company currently owns three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt. Alecto also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia. 

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen the Company's knowledge of the assets and delineate targets for further exploration. In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.