Further re Placing and Notice of General Meeting

10 February 2017

Alexander Mining plc

("Alexander" or "the Company")

Further re. Placing and Notice of General Meeting

The Company announces that a Circular, including a notice convening a General Meeting to be held at the offices of Druces LLP, Salisbury House, London Wall, London EC2M 5PS at 10.30 a.m. on 27 February 2017, has been sent to shareholders. At the General Meeting, shareholders will be asked to approve the issue and allotment of the second tranche of placing shares and to disapply their statutory pre-emption rights which would otherwise apply to the allotment of the second tranche of placing shares. A copy of the Circular is available to download from the Company's website www.alexandermining.com.

The Directors of Alexander also confirm that an application has been made for the Placing Shares to be admitted to trading on AIM. Admission of the first tranche of 359,000,000 new ordinary shares is expected to occur at 8.00 a.m. on 15 February 2017 and admission of the second tranche of 176,715,000 new ordinary shares is expected to occur at 8.00 a.m. on 28 February 2017, subject to the resolutions being passed at the General Meeting.

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