Trading Update

For immediate release: 11 April 2012

CIC Mining Resources Ltd

("CIC Mining Resources" or the "Company")

Trading update

CIC (AIM: CICR), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, is pleased to provide an operational update ahead of the publication of its annual report and accounts for the period ended 31 January 2012.

As announced in the results for the third quarter ended 31 October 2011 the Company has been working on a number of advisory mandates. As part of its fee for its advisory services, the Company will typically earn an equity interest in the client company. As a result of this strategy CIC has built a significant portfolio of minority interests (the 'Interests') which the Directors believe could represent real value to the Company as these clients grow.

The Company is in discussions with a number of its clients with a view to listing the companies on an appropriate stock exchange in the next twenty-four months, which would crystalize the value of the Interests and allow the Company to monetize the Interests. Details of the Company's current and contracted Interests are as follows:

CIC Precious Metals Group Limited ("CICPM")

CIC holds a 43% interest in CICPM.

CIC Precious Metals Group Limited is a newly established precious metals company focused initially on gold mineral assets. The Company was established by CIC Mining Resources Ltd and its Chinese precious metals miner shareholders to establish a specific publicly traded Precious Metals Company.

The Company focus is on mineral property assets where medium to large gold oxide mining may be conducted in the short term, mineral property assets that the directors consider to be undervalued or have strong fundamentals and attractive growth prospects, and de-risk those assets by way of exploration or mining. At present it has two assets, one in China and the other in Eastern Congo further details of which are below.

The Company has as its shareholder base certain of China's oxide and hard rock gold miners whom will be conducting initial mining and processing. The Company and its Directors intend to utilize their collective prior experience and informal network of contacts in the mining sectors to grow the mineral property asset portfolio. The mineral assets include an indirect 48% interest in two properties adjacent to Lixian Gold Deposit, Gansu China, Jin Ce gold project Guizhou Province, China located next to Eldorado Gold mine (formally Sino Gold and China 2nd largest operating gold mine). In addition CICPM holds 48% of CIC Congo which owns certain mineral leases in Eastern Congo located adjacent to Banro Corp. All CICP leases have full mining licenses.

Tianjin Energy Group Limited ("Tianjin")

Under the terms of its advisory agreement CIC is due to be issued with up to 6% of the enlarged equity of Tianjin on its IPO. Tianjin, an oil import/export company had turnover in 2011 of RMB 11.2billion and profits of approximately RMB260m.

The company has recently been awarded oil port terminal and bunkering rights in China which the Directors believe to be the only private enterprise in China to be granted an oil terminal licence.

CIC is providing restructuring and capital raising strategies to allow Tianjin to list on a prescribed exchange to raise the capital for the building of oil terminal and bunkering at which point it will have earned its Interest.

Emulsion Fuel Limited ("Emulsion")

CIC holds a 33% interest in Emulsion. Emulsion focuses on world leading heavy oil emulsion fuel technologies specifically in heavy industry, mining and shipping.

A pilot operation has commenced in Fukuoka Japan located in heavy industry multiple boiler operation and has, to date, demonstrated significant fuel cost savings.

Sino Steel Limited ("Sino")

CIC holds a 9% interest in Sino. Sino has been formed by the amalgamation of several parties injecting their low grade iron ore assets in China (include several operating mines) and receiving proportionate interests in Sino. The Company is also currently building a Sponge Iron Plant to produce 90% sponge iron. Low grade magnetite ore used in high grade steel in in peak demand in China in the building of high speed rain networks.

The Company is focusing on other possible mine operations outside China particularly in West Africa where it can utilize its skills in low cost mining and processing. This includes also operating low-grade mines that are now in production with high costs structures.

In addition to the projects detailed above the Company has several other works in progress, which the directors believe will continue to the recent profitability of the Company whilst building on its growing asset bases of Interests.

Stuart Bromley, Chairman, commented: "2012 is shaping up to be an exciting year for CIC as a number of our Interests mature and look to the public markets. If and when these IPOs materialize the directors believe it will represent a significant value appreciation for the Company. I look forward to providing further updates throughout the course of the year."

-Ends-

CIC Mining Resources Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

Mining and energy infrastructure companies or projects will include those involved in the exploration for, and extraction of, base metals, precious metals, bulk commodities, thermal and metallurgical coals, industrial metals, hydrocarbons, renewables and new technologies, including single-asset as well as diversified natural resources companies.

The core services provided by CIC Mining Resources are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange. www.cicresources.com