Herencia Successfully Completes Placing

30 September 2014

Herencia Resources plc

("Herencia" or the "Company")

Herencia Successfully Completes £2.4 Million Raising

to Advance its Picachos Project

· The funds will be used to:

Ø fast track an infill drill program at the 40M Shaft area

Ø to complete a Mine Feasibility Study and

Ø commence mine permitting approval process

· Directors subscribed to £180,000 of the issue

The Company is pleased to announce that it has successfully completed, subject only to admission, a subscription and placing to raise approximately £2.4 million from the issue of 795,666,660 new ordinary shares of 0.1p each ("New Ordinary Shares") at a price of 0.3p per share (the "Placing"), through WH Ireland Limited and RFC Ambrian Limited. Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings in 440,666,661 Ordinary Shares are expected to commence on 3 October 2014 ("Tranche 1") and dealings in 354,999,999 Ordinary Shares are expected to commence on 14 October 2014 ("Tranche 2").

In light of the considerable challenges junior mining companies are currently facing in accessing new capital this is a significant achievement in the current market climate and demonstrates strong support for the Picachos project and management. Given our current stage in the company life cycle it is important to secure the funding to ensure we can continue to unlock value for shareholders by pushing forward with our work programmes. The directors believe this capital raising has delivered that security.

The funds raised from the Placing will be used by the Company to undertake a number of important work programs, to advance the Picachos Project toward production. The work programs include:

· A 'Stage Two' drilling program at Picachos (to allow a Mineral Resource Estimate to be prepared);

· Preparation and publishing of a Mineral Resource Estimate;

· Completion of a Mining Feasibility Study focussing initially on the high grade 40M Shaft area; and

· Commencement of the mine permitting process for the project.

As part of the Placing, Herencia Board members have subscribed for Ordinary Shares. John Russell, John Moore and Graeme Sloan have each subscribed for 20,000,000 Ordinary Shares, such that John Russell now has an interest in 31,907,413 Ordinary Shares representing 0.98% of the enlarged Share Capital, John Moore now holds 28,074,080 Ordinary Shares representing 0.87% of the enlarged Share Capital, and Graeme Sloan now holds 25,188,905 Ordinary Shares representing 0.78% of the enlarged Share Capital.

Following the issue of the New Ordinary Shares, the total number of shares in issue is 3,239,627,477 New Ordinary Shares. There are no shares held in treasury. Therefore, the total number of voting rights in the Company is 3,239,627,477. 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.

Graeme Sloan, Herencia's Managing Director commented on the placing, "this placing has brought us one step closer to realising our goal of advancing the Picachos copper project as a low cost mining operation with the aim of production before the end of next year. Achieving this goal would transform Herencia into the producer ranks, and with very little capital expended.

In addition to the drilling program and mining study due to commence shortly, we will be looking to structure a financing package for mine commencement, weighted toward project debt financing.

With this in mind, we have already been approached by a number of groups interested in the Picachos Project and as such will look to advance discussions regarding project financing in parallel with the upcoming drilling and mining studies".

For further information, please contact:

Graeme Sloan, Herencia Resources plc +61 8 9481 4204

Katy Mitchell, WH Ireland Limited +44 161 832 2174