Update on Shareholding interests

For immediate release: 26th April 2012

CIC Mining Resources Ltd.

("CIC" or the "Company")

Update on Shareholding interests

Further to the trading update made on 11 April 2012 CIC (AIM: CICR), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors is pleased to provide a further update following the recent visit by shareholders and investors to certain of CIC's interests.

Emulsion Fuel Limited (Emulsion)

Emulsion, in which CIC holds a 33% interest, focuses on world leading heavy oil emulsion fuel technologies specifically in heavy industry, mining and shipping. The directors believe that emulsion fuel can afford significant direct cost savings on heavy fuel of up to 50% as well as indirect saving in heavy fuel supply logistics.

Emulsion has recently entered into an agreement with a Chinese shipping group to field test Emulsion fuels in their large container shipping fleet within the next six months for which Emulsion will earn a percentage of the cost of fuel saved using its technology.

CIC Precious Metals Limited (CICP)

China

The Company is pleased to report that heap leaching of oxide gold will commence in May 2012 as planned at the ShangBa mine in Gansu, China in which CICP owns a 33% interest. CIC hold a 48% equity interest in CICP.

Installation of crushing circuit, heap leach pad preparation, mining equipment and processing equipment have all been completed. The oxide mining to starting next month will see heap leaches of approximately 30,000 tonnes each completed late June 2012. There will then be normal leaching for 48 days before gold recovery will commence. ShangBa is targeting production of 30K to 50K oz. gold in its first year. Mr. Su, China's leading oxide gold miner and Stuart J. Bromley of CIC are the Technical Directors of the company.

Congo

The CICP owns 48% of CIC Congo which now holds four gold mining leases next to Banro Corporation (now in production) having recently received its final mining permits to facilitate oxide gold mining on all four leases.

Mr. Su and a technical team will arrive in May 2012 to establish base camp and other logistics to start the process of future oxide gold mining operations planned for 2013. Initial bulk testing for oxide gold mining has been completed.

-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