Result of AGM

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

29 June 2012

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

Result of AGM

Alecto Minerals plc, the AIM listed multi-commodity exploration and development company with projects in Ethiopia and Mauritania, held its Annual General Meeting earlier today and all of the resolutions proposed were duly passed.

**ENDS**

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

Notes:

Alecto Minerals plc is an AIM listed exploration company focussed on Africa with a diverse portfolio of exploration assets in Mauritania and Ethiopia. Also, the Company is currently conducting due diligence on the 711 sq km bauxite licence 223 located in the highly prospective south west coastal region of Guinea which already has established infrastructure and producing bauxite operations. The Company believes the project has the potential to host an in-situ bauxite resource of over 500 million tonnes. 

Additionally, in Mauritania, it has three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt. It also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia and the 945 sq km Wayu Boda gold licence in the mineral-rich central-southern Adola greenstone belt in southern Ethiopia. 

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen its knowledge of the assets and delineate targets for further exploration. In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.