Minco : Announcement of Court Hearing Date of 28 August 2017 and Updated Timetable

News Release Minco plc Sale of Curraghinalt Royalty Recommended Offer for Minco plc by Dalradian Resources Inc. and Demerger of Buchans to Minco Shareholders to be effected by means of a Scheme of Arrangement Announcement of Court Hearing Date of 28 August 2017 and Updated Timetable

Dublin; 28 July 2017 Minco plc ("Minco" or the "Company") announces the date of the Court Hearing to sanction the Scheme and an updated timetable of principal events in connection with the recommended Offer by Dalradian for all of the share capital of Minco and the Demerger of its wholly owned subsidiary Buchans Resources Limited to Minco Shareholders by way of a transfer in specie.

This updated timetable is further to the announcement by Minco dated 26 July 2017 that the Court Meeting and EGM Resolutions were supported by its shareholders with a 99.99% vote in favour.

Completion of the Offer and Demerger remains subject to satisfaction or waiver of the other Conditions set out in the Scheme Document including the sanction by the Court of the Scheme at the Court Hearing.

Hearing Date

The Court Hearing of the petition to sanction the Scheme including the Acquisition Reduction and the Demerger Reduction, is directed to be heard in the Commercial List of the Court sitting at the Four Courts, Inns Quay, Dublin 7, Ireland on 28 August 2017.

Any shareholder or creditor wishing to support or oppose the making of any order (an "Interested Party") that wishes to obtain a copy of the Originating Notice of Motion and Grounding Affidavit should contact OBH Partners ("Solicitors for the Company") at 17 Pembroke Street Upper, Dublin 2.

Any Interested Party may appear at the Court Hearing personally or be represented by a solicitor or by counsel.

Any Interested Party intending to so appear should give notice in writing to the Solicitors for the Company by no later than 5.00 p.m. (Irish time) on 23 August 2017, and any affidavit in support of any such appearance should be filed with the Central Office of the Court, and served on the Solicitors for the Company, by no later than 5.00

p.m. (Irish time) on 23 August 2017.

Updated Timetable

The full updated timetable of principal events is as attached:

The times and dates in respect of events taking place after the Scheme Record Time are provided by way of indicative guidance only and are subject to change due to, among other things, the Court sanctioning the Scheme. If any of the above expected dates or times change, Minco will give notice of any such change and details of the revised dates and/or times by issuing an announcement through a Regulatory Information Service.

Except as otherwise defined herein, capitalised terms used but not defined in this announcement have the same meanings as given to them in the Scheme Document.

Expected Timetable of Principal Events

Event	Date
Last day of dealings in Minco Shares	22 August 2017
Suspension of trading on AIM of Minco Shares	23 August 2017
Hearing Record Time	6.00 pm on 25 August 2017
Court Hearing (of the petition to sanction the Scheme including the Acquisition Reduction and the Demerger Reduction)	28 August 2017
Scheme Record Time	6.00 pm on 29 August 2017
Effective Date of the Scheme	30 August 2017
Issuance of New Dalradian Consideration Shares	30 August 2017
Transfer of Buchans Shares	30 August 2017
Cancellation of admission to trading of Minco Shares on AIM	7.30 am on 31 August 2017
Listing of the New Dalradian Shares on the TSX	8.00 a.m. on 31 August 2017
Admission of the New Dalradian Shares to trading on AIM	8.00 a.m. 31 August 2017
Crediting of Dalradian DIs to CREST accounts (as appropriate)	No later than 14 days from the Effective Date
Latest date of despatch of DRS Advices of New Dalradian Shares (as appropriate)	No later than 14 days from the Effective Date
Latest date of despatch of DRS Advices of Buchans Shares (as appropriate)	No later than 14 days from the Effective Date

Important Notices

The Minco Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Minco Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement for which they are responsible is in accordance with the facts and does not omit anything likely to affect the import of such information.

Davy Corporate Finance, which is authorised and regulated in Ireland by the Central Bank of Ireland, is acting for Minco and no one else in relation to the Offer and the Demerger and will not be responsible to anyone other than Minco for providing the protections afforded to clients of Davy Corporate Finance nor for providing advice in relation to the Offer and the Demerger or any other matter referred to herein.

This announcement is not intended to, and does not, constitute an offer or an invitation to purchase or subscribe for any securities or the solicitation of an offer to purchase any securities, pursuant to the Offer, the Demerger or otherwise.

The distribution of this announcement in or into certain jurisdictions may be restricted by the laws of those jurisdictions. Accordingly, copies of this announcement and all other documents relating to the Offer, the Demerger and/or the Scheme are not being, and must not be, released, published, mailed or otherwise forwarded, distributed or sent in, into or from any Restricted Jurisdiction. Persons receiving such documents (including, without limitation, nominees, trustees and custodians) should observe these restrictions. Failure to do so may constitute a violation of the securities laws of any such jurisdiction.

Shareholders are advised to read the Scheme Document because it contains important information relating to the Offer and the Demerger. Any response in relation to the Offer and the Demerger should be made only on the basis of the information contained in the Scheme Document or any document by which the Offer, the Demerger and/or the Scheme are made.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013 (the "Takeover Rules"), if any person is, or becomes, 'interested' (directly or indirectly) in, 1% or more of any class of 'relevant securities' of Minco or Dalradian, all 'dealings' in any 'relevant securities' of Minco or Dalradian (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by not later than 3:30 pm (Irish time) on the 'business' day following the date of the relevant transaction. This requirement will continue until the date on which the Scheme becomes effective or on which the 'offer period' otherwise ends. If two or more persons co-operate on the basis of any agreement, either express or tacit, either oral or written, to acquire an 'interest' in 'relevant securities' of Minco or Dalradian, they will be deemed to be a single person for the purpose of Rule 8.3 of the Takeover Rules.

Under the provisions of Rule 8.1 of the Takeover Rules, all 'dealings' in 'relevant securities' of Minco by Dalradian or 'relevant securities' of Dalradian by Minco, or by any party acting in concert with either of them, must also be disclosed by no later than 12 noon (Irish time) on the 'business' day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, can be found on the website of the Irish Takeover Panel (the "Panel") at www.irishtakeoverpanel.ie.

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Takeover Rules, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a dealing under Rule 8, please consult the Panel's website at www.irishtakeoverpanel.ie or contact the Panel on telephone number [phone] or fax number [phone].

Enquiries: [e-mail] John F. Kearney: Chairman & Chief Executive [phone] Danesh Varma: CFO & Company Secretary [phone] Peter McParland: Director - Ireland [phone] Davy Corporate Finance (Financial advisor to Minco) [phone] John Frain Daragh O'Reilly