22 December 2011

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

AIM: ANGM

The Board of Angel Mining is pleased to announce that a further 13.77 kilograms (428 ounces) of gold doré was successfully poured at Nalunaq on Monday 19th December.

This pour brings the total gold doré poured so far in December to 29.2kg (938.8 ounces) and the total poured to date, since the first pour on 27 May, to 103.4 kilograms (3,323.8 ounces).

This recent pour provides yet further confidence in the Company 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.

Production, during the recent two week period was adversely affected by a planned two day plant shut down for repairs and maintenance. The replacement ball mill pinion has been manufactured, is in transit to site and is expected to arrive in early January.

The carbon regeneration circuit is now operational, which is an important step towards increasing the rate of doré production and the Company expects to see the benefit of these reflected in increased production rates in early 2012.

Nicholas Hall, CEO, commented: "The team at Nalunaq have achieved so much in the last few months. We now have a mine that is producing high grade ore to feed the only underground cyanide leaching plant in the world, as far as we know. They will be working throughout the Christmas and New Year period and we look forward to the challenges and opportunities that await us in 2012."

Enquiries:
Angel Mining plc
Nicholas Hall, Chief Executive Officer

+44 (0) 7931 709 053
Angel Mining plc
Kevin McNair, Chief Financial Officer

+44 (0) 7900 690 908
Fox-Davies Capital (Broker)
Fox-Davies Capital (NOMAD & Broker)
Daniel Fox-Davies
Simon Leathers
+44 (0) 203 463 5010
Bishopsgate Communications Limited
Nick Rome/Shabnam Bashir
0207 562 3350
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