Exercise of Options

CHURCHILL MINING PLC

("Churchill" or "the Company")

Exercise of options

Churchill Mining Plc announces that application has been made for 1,048,014 new ordinary shares of 1 pence each to be admitted to trading on AIM pursuant to the exercise of options at an exercise price of 35 pence per share.

The new ordinary shares will rank pari passu with the Company's existing ordinary shares and trading is expected to commence on 20 May 2011.

In accordance with the FSA's Disclosure and Transparency Rules, we would like to notify the market that following the exercise of these options:

·; Churchill Mining Plc's capital consists of 99,225,368 ordinary shares with voting rights

·; Churchill Mining Plc does not hold any ordinary shares in Treasury

Therefore, the total number of voting rights in Churchill Mining Plc is 99,225,368.

The above figure may be used by shareholders 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 in, Churchill Mining Plc under the FSA's Disclosure and Transparency Rules.

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