Alexander Mining : Issue of Equity

Alexander Mining plc

('Alexander' or 'the Company')

Issue of Equity

The Directors of Alexander announce that it has received an exercise notice regarding 1,769,772 warrants of 0.2p per share. These warrants were issued pursuant to the Warrant Bonus Issue announced on 20 May 2016. Accordingly, the directors have issued and allotted 1,769,772 ordinary shares of 0.1p each in the Company.

In addition, Alexander has also issued and allotted 10,000,000 ordinary shares of 0.1p each in the Company following the exercise of broker warrants at 0.1p per share.

Application has been made for the 11,769,772 new ordinary shares, which will rank pari passuwith the existing ordinary shares of 0.1p each, to be admitted to trading on AIM and it is expected that this will take place on or around 7 February 2017 ('Admission').

Total Voting Rights

Following the Admission the Company's issued share capital will comprise 953,015,149 ordinary shares with voting rights. The figure of 953,015,149 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries:

Alexander Mining plc
Martin Rosser Chief Executive Officer Mobile: [phone]	Matt Sutcliffe Executive Chairman Mobile: [phone]
Tel: [phone] Email: [e-mail] Website: www.alexandermining.com
Northland Capital Partners Limited Matthew Johnson / Gerry Beaney [phone] (Corporate Finance) John Howes (Corporate Broking) Turner Pope Investments (TPI) Ltd James Pope / Ben Turner [phone]