Friday, October 05, 2007

Retail offering in London Mining

London Mining Plc is pleased to announcethat 572,500 shares at NOK 17 per share have been subscribed for inthe retail offering announced on 25 September.The Board of Directors in London Mining Plc. has resolved to issue572,500 new shares at NOK 17 in connection with the Retail Offeringin London Mining announced on 25 September.

The application periodwas from 25 September until 2 October.The Retail Offering was directed at private investors in Norwayraising gross proceeds of NOK 9.7 million. The proceeds will be usedto fund the general working capital of the Company.London Mining is expected to be listed on the Oslo Axess on or about9 October, with first day of Trading being no later than 12 October.For further information, please contact:London Mining Plc.

Graeme HossieCorporate Development & Deputy Managing Director+44 (0) 20 7495 6210Notes to the Editors:About London Mining PlcLondon Mining Plc is incorporated and registered in the UK, and is aUK-based iron ore mining company with assets in Brazil, Sierra Leone,Greenland and Mexico. The company has a diversified Portfolio withexisting production and significant planned expansion. LondonMining's management and board of directors have extensive mining andfinance experience. The company has already raised privatelyapproximately USD 70 million in equity and an additional USD 60million in debt and acquired an operating iron ore mine in Brazil inMay 2007.Currently London Mining is registered on the Norwegian OTC list underthe ticker LOND. The Company has engaged Norwegian-based ParetoSecurities seeking to list its shares on the Oslo Stock Exchange in2007.Please also visit our website www.londonmining.co.uk for moreinformation about our company and our operations.