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Issue of Equity

2nd Dec 2005 12:26

Churchill Mining plc02 December 2005 CHURCHILL MINING PLC PLACING RAISES GBP550,000 Churchill Mining plc (AIM-CHL) is pleased to announce that it has placed a totalof 22,000,000 ordinary shares at 2.5 pence per share to raise gross proceeds ofGBP550,000. Net proceeds to the Company from the placing after commissions will be GBP533,500 and will be used for general working capital purposes. The shares rank pari passu with all other shares and application has been madefor the shares to be admitted to the AIM from the commencement of trading on 7December 2005. For further information, please contact: Churchill Mining plcPaul Mazak/ James Hamilton Tel: +61 (0)8 9388 0377Joint Managing Directors Ruegg & Co. (AIM Nominated Advisor)Brett Miller Tel: +44 (0)20 7584 3663 Midas Investment ManagementMark Sheppard Tel: +44 0870 121 445 This information is provided by RNS The company news service from the London Stock Exchange

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