Completion of Placing

Herencia Resources plc

("Herencia" or the "Company")

Completion of Placing

The Company is pleased to announce that it has successfully completed, subject only to admission, a placing to raise approximately £0.5 million from the issue of 512,000,000 new ordinary shares of 0.1p each ("New Ordinary Shares") at a price of 0.1p per share (the "Placing"), through Beaufort Securities Limited.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 22 September 2015.

Following the Placing, the number of Ordinary Shares in issue will increase to 4,266,609,563.

The funds raised from the Placing will be used in relation to a number of important Company initiatives including:

· advancing the Picachos Project;

· finalising due diligence and negotiations with regard to the potential Tambillos Joint Venture; and

· general working capital purposes.

Following the issue of the New Ordinary Shares, the total number of shares in issue is 4,266,609,563 Ordinary Shares. There are no shares held in treasury. Therefore, the total number of voting rights in the Company is 4,266,609,563. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest under the Disclosure and Transparency Rules.

In addition, Shining Capital Management and The Australian Special Opportunity Fund, a New York-based institutional investor managed by The Lind Partners have also been offered, as per their right, to subscribe for shares to maintain their current percentage holding in the Company, following the Placing. If either party decides to participate in this subscription a further announcement will be made.

For further information, please contact:

Graeme Sloan, Herencia Resources plc +61 8 9481 4204 

Katy Mitchell, WH Ireland Limited (NOMAD) +44 161 832 2174

Stephen Allen, RFC Ambrian (Australia) +61 8 9480 2507

John van Eeghen, RFC Ambrian (UK) +44 203 440 6816

Jon Belliss, Beaufort Securities Limited (UK) +44 207 382 8300