Warrants Update - Amendment

BERKELEY MINERAL RESOURCES PLC

("BMR" or "The Company")

AMENDMENT TO WARRANT AGREEMENT

Berkeley Mineral Resources Plc, which is primarily engaged in processing mining tailings in Zambia, announces that it has agreed to amend the terms of 127,916,666 warrants that were previously amended in connection with the acquisition of stockpiles of lead and zinc tailings at the Kabwe Mine announced on 28 March 2011.

The Company had agreed to lower the exercise price to 6 pence but reduce the exercise period from 24 November 2012 to 24 April 2012 at the time of the acquisition due to the warrant holder exercising 52,083,334 warrants to enable BMR to pay part of the acquisition consideration from the cash proceeds of the warrant exercise.

Due to delays caused by the moratorium imposed by the Ministry of Mines and Natural Resources, it has been agreed that that the exercise period will be extended from 24 April 2012 as announced on 28 March 2011 for a further six months until 24 October 2012.

24 April 2012

For further information please contact:

Berkeley Mineral Resources Plc

Masoud Alikhani, Chairman

020 7408 1181

Seymour Pierce

Stewart Dickson / Jonathan Wright (Corporate Finance)

Jeremy Stephenson / Richard Redmayne (Corporate Broking)

020 7107 8000

Lothbury Financial Services

Michael Padley / Gary Middleton

020 7868 2010

For further information please see the Company's website at http://www.bmrplc.comThe directors of Berkeley Mineral Resources accept responsibility for this announcement.