Issue of Equity

Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development

8 October 2013

Alecto Minerals plc ('Alecto' or 'the Company')

Issue of Equity

Alecto Minerals plc, the AIM listed African focussed multi-commodity exploration and development company, announces that it has issued and allotted 130,434,782 new ordinary shares of £0.007 in the Company according to the following events:

· 108,695,652 new ordinary shares of in the Company as consideration for AME West Africa

· 13,043,478 new ordinary shares in respecting of a subscription for shares by Savannah Resources plc (Formerly African Mining & Exploration plc): and

· 8,695,652 new ordinary shares in respect of a conversion of debt to equity by Fahad Al-Tamimi.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Dealings are expected to commence from 8.00 a.m. on 11 October 2013 ('Admission').

Following Admission, there will be a total of 488,918,775 ordinary shares in issue. For the purposes of calculating Total Voting Rights shareholders may use this number as the total number of shares in issue from the date of Admission.

**ENDS**

For further information, please visit www.alectominerals.com or contact: