Interim Report for six months ended 30 June 2010

ALEXANDER MINING PLC

INTERIM REPORT FOR SIX MONTHS ENDED 30 JUNE 2010

Alexander Mining plc ("Alexander" or the "Company") is an AIM quoted mining and mineral processing technology company with strong technical management, allied to financial markets' expertise and experience.

The Company's objective is to become a low cost, highly profitable and diversified mining technology company. This will be achieved by the commercialisation of its proprietary mineral processing technologies, partnerships in producing mines and the acquisition of equity positions in advanced projects.

Highlights.

·; Extensive discussions/negotiations with a number of Chinese/Western base metals majors, including several major participants in the Democratic Republic of the Congo copper belt.

·; Extension of agreement with RPT Resources ("RPT") to develop mining projects with MetaLeach's proprietary leaching technologies

·; Filing of AmmLeach® supplementary patents as research and development work progresses. First patent for Method for Ammoniacal Leaching granted in South Africa.

·; Negotiations continue in relation to the possible cash sale of the Company's Argentina assets

·; Cash position totalling £2.8 million at the end of June 2010

Chairman's Review

I am pleased to report on Alexander Mining plc's interim results for the six months ended 30 June 2010.

During the period the Company has worked hard in its efforts to commercialise its proprietary MetaLeach® mineral processing technologies.

This has encompassed continued discussions with mining companies, both majors and juniors, about potential commercial agreements for the licensing of our technology. In the course of these activities, confidentiality agreements have been signed. In particular, these discussions have had an ongoing geographic focus on projects in the African copper belt (Zambia and the Democratic Republic of the Congo), reflecting the region's prevailing mineralogy, which is especially suited to the use of AmmLeach® to process copper, cobalt and copper/cobalt ores.

Included in this exercise have been detailed amenability testwork programmes by Alexander, and technical experts' dialogue from client companies. The object is to achieve either gross metal sales royalty payments/licence fees or equity interests in large projects. Management remains highly confident about the outcome of these discussions and more information will be released when appropriate.

I am pleased that RPT has agreed to an extension of its agreement with MetaLeach. We have developed a strong working relationship with RPT and jointly investigated several attractive opportunities in different regions of the world suitable for acquiring direct equity interests in copper and zinc properties and development projects. Evaluation of some of these opportunities, as well as presenting new ones, is ongoing.

We have been pro-active in securing the protection of the company's IP and know-how by using a rigorous dual patenting approach. Firstly, we have made broad overarching claims and secondly, made claims that are specific and generally related to a commercial opportunity for a particular metal.

We are actively involved in the process of refining the 'broad-brush' claims with specific patents, as planned. In the Republic of South Africa the key general claim, Method for Ammoniacal Leaching, has been accepted and the patent is in turn now subject to importation into the DRC. We anticipate a similar result in other jurisdictions. Concurrently, our specific claims are at various stages of the patenting process.

Outlook

I remain optimistic about the outcome of the Company's commercialisation activities given the strong ongoing industry interest shown to date. Moreover, we believe that the forecast fundamentals for the mining sector in the next few years are highly supportive for the adoption of our innovative processing technology, particularly for copper and zinc.

This is especially due to the projected strong key commodities demand, driven by the BRIC countries, accompanied by likely significant supply shortfalls. These shortfalls are expected as a result of poor exploration success in discovering world class deposits, allied with geopolitical risks and major project financing difficulties creating long mine start-up delays. In addition, the trend to deeper and costlier underground mining means that the interest in the exploitation of low cost open pitable oxide deposits using AmmLeach® will be significant.

Finally, I would like to thank the Company's shareholders for their continuing support and our employees, directors, consultants and advisors for their dedication and hard work.

Matt Sutcliffe

Executive Chairman

16th September 2010

For further information please contact:

Martin Rosser Matt Sutcliffe

Chief Executive Officer Executive Chairman

Mobile: + 44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758

Alexander Mining plc

1st Floor

35 Piccadilly

London

W1J 0DW

Tel: +44 (0) 20 7292 1300

Fax: +44 (0) 20 7292 1313

Email: [email protected]

Website: www.alexandermining.com

Nominated Advisor and Broker

Richard Johnson & Hugh Field

Arbuthnot Securities Limited

Arbuthnot House

20 Ropemaker Street

London

EC2Y 9AR

Tel: +44 (0) 20 7012 2000

Email: richardjohnson@arbuthnot co.uk

[email protected]

Public/Media Relations

Tim Blackstone

Britton Financial PR

62 Britton Street

London

EC1M 5UY

Tel: +44 (0) 20 7242 9786

Mobile: +44 (0) 7957 140 416

Email: [email protected]

Consolidated income statement

Consolidated statement of other comprehensive income

Consolidated balance sheet

Consolidated statement of cash flows

Consolidated statement of changes in equity

Notes to the interim financial information

1. Basis of preparation

The interim financial information has been prepared on the basis of the recognition and measurement requirements of International Financial Reporting Standards (IFRS) as adopted by the European Union (EU) and implemented in the UK. The accounting policies, methods of computation and presentation used in the preparation of the interim financial information are the same as those used in the Group's audited financial statements for the year ended 31 December 2009.

The financial information in this statement does not constitute full statutory accounts within the meaning of Section 434 of the Companies Act 2006. The financial information for the six months ended 30 June 2010 and 30 June 2009 is unaudited. The comparative information for the year ended 31 December 2009 was derived from the Group's audited financial statements for that period as filed with the Registrar of Companies. It does not constitute the financial statements for that period. Those accounts received an unqualified audit report.

2. Loss per share

The calculation of loss per share is based on a loss of £577,000 for the period ended 30 June 2010 (30 June 2009. £752,000; 31 December 2009: £1,536,000) and the weighted average number of shares in issue in the period to 30 June 2010 of 135,486,542 (30 June 2009: 134,534,667 and 31 December 2009: 134,735,876). There is no difference between the diluted loss per share and the loss per share presented.

At 30 June 2010 there were 9,875,000 (30 June 2009: 11,708,333; at 31 December 2009: 10,091,665) share options in issue that could have a potentially dilutive effect on the basic earnings per share in the future.

Copies of this announcement are available to view at the Company's website at www.alexandermining.com.