Minco : Scheme becomes Effective

News Release Minco plc Sale of Curraghinalt Royalty Recommended Offer for Minco plc by Dalradian Resources Inc. and Demerger of Buchans to Minco Shareholders effected by means of a Scheme of Arrangement (the "Scheme") Scheme becomes Effective

Dublin; 30 August 2017: Minco plc ("Minco" or the "Company") and Dalradian Resources Inc. ("Dalradian") are pleased to announce that the Scheme of Arrangement implementing the recommended Offer by Dalradian for all of the share capital of Minco and the Demerger of Minco's wholly owned subsidiary Buchans Resources Limited to Minco Shareholders by way of a transfer in specie, became effective today, 30 August 2017.

Crediting of Dalradian DIs to CREST accounts and the despatch of DRS Advices of New Dalradian Shares (as appropriate) will take place by 13 September 2017. The despatch of DRS Advices of Buchans Shares will take place by 13 September 2017.

The cancellation of Minco Shares to trading on AIM will take effect from 7.00 a.m. on 31 August 2017.

Pursuant to the terms of the Offer each shareholder of Minco who appeared on the register of members of Minco at the Scheme Record Time will receive:

0.0242982110 New Dalradian Shares for each B Scheme Share

(equivalent to 0.0242982110 New Dalradian Shares for each Minco Ordinary Share as at the date of the Announcement) and as part of the Scheme, upon the Demerger taking effect, Scheme Shareholders will also receive:

0.02 Buchans Shares for each A Scheme Share:

(equivalent to 0.10 Buchans Shares for each Minco Share as at the date of the Announcement).

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.

Enquiries:

Minco plc [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

Dalradian Resources Inc.

Patrick F.N. Anderson: President and

Chief Executive Officer [phone]

Marla Gale: Vice President Communications and Corporate Secretary

Canaccord Genuity Limited + 44 (0) 207383 5100 Henry Fitzgerald-O'Connor/ Martin Davison

Directors - Investment Banking

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.

The Dalradian Directors accept responsibility for the information contained in this announcement relating to Dalradian, the directors of Dalradian, related trusts and any persons connected with them. To the best of the knowledge and belief of the Dalradian 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.

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting exclusively for Dalradian and is acting for no one else in connection with the Offer and will not be responsible to anyone other than Dalradian for providing the protections afforded to clients of Canaccord Genuity Limited, or for providing advice in relation to the Offer 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.