23 May 2018

Alexander Mining plc

('Alexander' or 'the Company')

Grant of Share Options

In the best interests of Alexander and its shareholders, the Board has a policy of incentivising and retaining its valued employees, directors and consultants and, to this end, the Company has a share option plan in place. In order to assess whether the existing share options are consistent with their purpose of aligning stakeholders to the success of the business, the Company's Remuneration Committee (the 'Committee') has recently conducted a review of the existing share options. As a result of this review, the Committee has recommended that in order to continue to provide incentivisation and reward for performance, there should be an additional grant of new share options.

Accordingly the Board has approved the grant of an additional 94,000,000 new share options ('New Share Options') at an exercise price of 0.15 pence ('Exercise Price') to directors, employees and consultants.

The Exercise Price of the New Share Options represents a 20 per cent. premium to the closing mid-market 90 day simple moving average on 22 May 2018, being the final business day prior to the Board approval. The New Share Options will vest from the date of the grant (being 23 May 2018) and will expire on 28 July 2026.

Details of the share options granted to directors of the Company are as follows:

Director

New Share Options granted at 0.15p

Martin Rosser, CEO

24,000,000

Alan Clegg, Non-executive Director

24,000,000

James Bunyan, Non-executive Director

20,000,000

As a result of the above grant, the Company has the following options in place for directors, employees and consultants.

Number of options

Exercise price

94,000,000

0.15p per share

43,300,000

0.22p per share

12,900,000

4.92p per share

ENDS

Enquiries

Martin Rosser

Chief Executive

Mobile: +44 (0) 7770 865 341

Alan Clegg

Non-Executive Chairman

Mobile: +90 543 533 0665

Alexander Mining plc

Tel: +44 (0) 20 7078 9566

Email: mail@alexandermining.com

Website: www.alexandermining.com

Northland Capital Partners Limited

Matthew Johnson / Dugald J Carlean (Corporate Finance)

John Howes (Corporate Broking)

Tel: +44 (0) 20 3861 6625

Turner Pope Investments (TPI) Ltd

Andy Thacker

Tel: +44 (0) 20 3621 4120

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1. Martin Rosser

2. Alan Clegg

3. Jim Bunyan

4. John Getty

2

Reason for the notification

a)

Position/status

1. Chief Executive

2. Non-Executive Director

3. Non-Executive Director

4. Consultant/Company Secretary

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Alexander Mining plc

b)

Legal Entity Identifier

2138003SZQSPC16PLX94

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options over ordinary shares of 0.1p each

GB00B06K1665

b)

Nature of the transaction

Grant of Options

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

Exercise price 0.15p

1. 24,000,000

2. 24,000,000

3. 20,000,000

4. 10,000,000

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

NA

f)

Date of the transaction

23 May 2018

g)

Place of the transaction

Outside a trading venue

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Disclaimer

Alexander Mining plc published this content on 23 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 May 2018 14:17:08 UTC