Angel Mining PLC : 7th GOLD POUR – 23% INCREASE OVER PREVIOUS BEST

12 December 2011

Angel Mining plc (the "Company" or "Angel Mining")

AIM: ANGM

The Board of Angel Mining, the Greenland-focused mining and exploration company, is pleased to announce that a further 15.4 kilograms (496 ounces) of gold doré was successfully poured at Nalunaq on Monday 6th December.  This was shipped to Switzerland on Wednesday 8th December for refining and subsequent sale.

Since the first pour on 27 May 2010, the Company has poured 89.6 kilograms of gold doré.  The table below sets out the Company's gold production to date.

Month	Kilograms	Troy ounces
May	0.9	30
June	1.3	41
July	6.0	192
August	12.3	394
September	21.8	701
October	10.4	335
November	21.6	693
December (to 6/12 only)	15.4	496
Total	89.6	2,881

The Company is building up its production towards a target of between 1,500 and 2,000 ounces per month, which it hopes to achieve in early 2012. 

This recent pour was the largest to date and an increase of 23% over the last pour announced on 28 November 2011.   

Nicholas Hall, CEO of Angel Mining, commented:  "The growing level of gold doré production is translating into sufficient cash to meet all our operating costs and corporate overheads.  To reach our cash breakeven point is a significant milestone for the Company.  As production increases towards our target, this cash generation will continue to improve as well."

Enquiries:
Angel Mining plc Nicholas Hall, Chief Executive Officer	[phone]
Angel Mining plc Kevin McNair, Chief Financial Officer	[phone]
Fox-Davies Capital (Broker) Fox-Davies Capital (NOMAD & Broker) Daniel Fox-Davies Simon Leathers	[phone]
Bishopsgate Communications Limited Nick Rome/Shabnam Bashir	0207 562 3350