Issue of Shares for Corporate Introduction

Alexander Mining plc

Issue of Shares for Corporate Introduction

and

Total Voting Rights

Alexander Mining plc ("Alexander", the "Company"), the AIM-listed mining and mineral processing technologies company, announces the issue of 500,000 new ordinary shares to Michael (Mike) O'Sullivan (former VP - Business Development, Anvil Mining Limited ("Anvil")) as an ex-gratia payment for corporate introductions. The ordinary shares have been issued fully paid at a value of 10p per ordinary share.

This payment is in consideration for his valuable introduction of Anvil and the subsequent signing of the Mutoshi joint venture agreement between Alexander and Anvil, and ongoing assistance for Alexander's mobilisation for this and other opportunities for the Company's technology in the Democratic Republic of the Congo.

Application has been made for the new ordinary shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Admission is expected to be effective at 8.00 am on 24 May 2011.

Total Voting Rights

For the purposes of the Financial Services Authority's Disclosure and Transparency rules, the Company announces that, as of the date of this announcement and after the above noted issue of shares, the total number of ordinary shares of 10p in issue is 135,986,542 with each share carrying the right to one vote. The Company has no ordinary shares held in treasury. The total of 135,986,542 ordinary shares may therefore 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 FSA's Disclosure and Transparency Rules.

The issuance of the shares has been approved by the TSX Venture Exchange. In accordance with applicable Canadian securities legislation, the shares will be issued with a legend restricting transfer in Canada for a period of four months and one day following the issuance of the shares.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact: 

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 Joint Broker

Ambrian Partners Limited

Samantha Harrison / Jen Boorer

+44 (0) 20 7634 4700

Joint Broker

XCAP Securities plc

John Grant / Karen Kelly / David Newton

+44 (0) 20 7101 7070

Public/Media Relations

Britton Financial PR

Tim Blackstone

+44 (0) 20 7242 9786