31 July 2018

Alexander Mining plc

('Alexander' or 'the Company')

Grant of Share Options

The Board of Alexander announces that it has approved the grant of 4,000,000 new share options ('New Share Options') at an exercise price of 0.15 pence ('Exercise Price') to an important consultant to the Company.

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 30 July 2018, being the final business day prior to the Board approval. The New Share Options will vest from the date of the grant (being 31 July 2018) and will expire on 28 July 2026.

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

98,000,000

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

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)

Isabella Pierre (Corporate Broking)

Tel: +44 (0) 20 3861 6625

Turner Pope Investments (TPI) Ltd

Andy Thacker

Tel: +44 (0) 20 3621 4120

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Disclaimer

Alexander Mining plc published this content on 31 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 July 2018 12:32:08 UTC