Issue and Allotment of Ordinary Shares

Beacon Hill Resources Plc / AIM: BHR / ASX: BHU / Sector: Mining

29 October 2013

Beacon Hill Resources Plc

("Beacon Hill" or "the Company")

Issue and Allotment of Ordinary Shares following Exercise of Conversion rights

The Directors of Beacon Hill Resources Plc (AIM:BHR) ("Beacon Hill" or the "Company") hereby announce that the Company has received a notice of exercise by Darwin Strategic, to convert £315,000 of Darwin's Convertible Loan Note at a gross conversion price of 1.43625p per share. Details of the Convertible Loan Note were announced to the market on 04 October 2013 pursuant to which 23,332,037 ordinary shares (the "Convertible Shares") now fall to be issued. In addition, as per the 04 October 2013 announcement, an issue of 13,054,830 shares in lieu of a £250,000 commitment fee was made to Darwin Strategic. Application has therefore been made for 36,386,867 Shares to be admitted to trading on AIM with admission expected to take place on 04 November 2013. The Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following admission of the Shares, the Company's enlarged issued share capital will comprise 1,614,980,351 ordinary shares with voting rights. This figure of 1,614,980,351 ordinary shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**