London Mining Plc

London Mining Plc (OSL:LOND) During the second quarter of 2008, London Mining has continued to make progress towards its goal of maximizing shareholder value by conducting a strategic review of its Brazilian operations. The resulting sale of Brazilian assets, announced on 20 August 2008 to ArcelorMittal for US dollars 809.9 million, marks the conclusion of the Brazilian strategic review. London Mining intends to return US dollars 427 million of the proceeds to shareholders.

London Mining Plc (OSL:LOND) London Mining's second quarter financial results will be released on Friday 29 August 2008.

London Mining Plc (OSL:LOND) London Mining is pleased to announce that it has signed a letter of intent with Wits Basin Precious Minerals, Inc. ("Wits Basin") which may result in London Mining becoming a 50/50 joint venture partner for Wits Basin's iron ore project in Ma Anshan in the People's Republic of China. The potential transaction remains subject to due diligence and finalisation of definitive legal documents.

London Mining Plc (OSL:LOND) Altima Global Special Opportunities Master Fund Ltd has exercised options to purchase 675,000 shares from Benbrack Charkit Ltd (of which Christopher Brown, a founder, director and primary insider of London Mining has a beneficial interest in) and 675,000 shares from GB Barnes & Associates (of which Gregory Barnes, a founder and primary insider of London Mining has a beneficial interest in), at a price of GBP 1.50 per share.

London Mining Plc (OSL:LOND) London Mining will host a conference call today at 2 pm UK time/ 3 pm CET (Oslo) related to the sale of its Brazilian operations to ArcelorMittal.

London Mining Plc (OSL:LOND) London, 20th August 2008. London Mining is pleased to announce that it has completed the sale of its Brazilian operations to ArcelorMittal (the "Purchaser") for a total cash consideration of US$809.9 million (the "Transaction"). Subsequent to the Transaction, London Mining intends to return approximately US$427 million of the proceeds to shareholders. The Transaction marks the conclusion of the Brazilian strategic review which the Company commenced in April 2008.

London Mining Plc (OSL:LOND) London Mining announces that, following discussions with the Oslo Børs, trading of the Company's shares has been suspended with immediate effect, pending the release of a material announcement in respect of its Brazilian strategic review process.

London Mining Plc (OSL:LOND) London Mining today issued 150,000 new shares related to conversion of options by a former employee. The options were exercised at 174 pence per share.

London Mining Plc (OSL:LOND) London Mining will host a conference call today, Friday 8 August, at 2 pm UK time/ 3 pm CET (Oslo) related to its strategic expansion into the coal industry.

London Mining Plc (OSL:LOND) London Mining today announces its strategic expansion into the coal industry. With a 2.36 billion tonne portfolio of iron assets supplying, and being developed for, the global steel industry, London Mining believes that an expansion into coal extraction can deliver significant value for shareholders. In addition to this first coal acquisition in South Africa, the Company will continue to build up its production and resource base in order to become a significant supplier to the steel and energy markets. Coal assets for the supply of energy markets will be brought into the Company where London Mining's development experience can be easily applied in order to generate near-term and expanding cash flow and value for shareholders.