23 December 2009

SHARE ISSUE RELATED TO EXERCISE OF OPTIONS IN LONDON MINING

London  Mining  announces  that  on  23rd December 2009 it has issued 50,000 new
shares  to Dr  Colin Knight,  the Chairman  of the  Board and primary insider of
London Mining following the exercise of an option granted under the terms of the
London  Mining plc  No.2 Share  Option Plan  (the "Share  Option Plan"). The new
share capital in London Mining will accordingly be 109,533,795.

The  options were exercised on 23rd December 2009 at a strike price of GBP 1.74
per  share. After  this transaction,  Mr. Knight  holds 400,000 shares in London
Mining  and 200,000 options over shares in London Mining granted under the terms
of the Share Option Plan.

Further  details of the Share Option Plan  are set out in the Admission Document
dated   3rd November   2009 which   is   available   on  the  Company's  website
(www.londonmining.co.uk).

Enquiries

For further information, please contact:

London Mining Plc
Thomas Credland, Head of Investor Relations, +44 (0)20 7201 5000

Crux Kommunikasjon AS
Charlotte Knudsen,+47 97 56 19 59
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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