21 September 2011

Further Successful Gold Pour at Nalunaq Mine

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

AIM: ANGM

The Board of Angel Mining is pleased to announce that a further 11.73 kilograms (377 ounces) of gold doré was successfully poured at Nalunaq on Thursday, 15 September 2011. This will be shipped to Switzerland for refining and subsequent sale over the coming weeks following a further production pour.

Month

Kilograms

Troy ounces

May

0.93

29.90

June

1.26

40.51

July

5.97

191.94

August

9.89

317.96

September

11.73

377.12

Total

29.78

957.43

This recent pour was the largest to date and the Directors believe this is indicative of both improved recovery by the plant and the increased grade of the feed ore . The Company has been improving the efficiency of the process plant and is pleased to see the results of these efforts evidenced by the latest gold pour. There is still scope for further improvements and the replacement atomic absorption machine, referred to in previous announcements, is due to arrive within the next few weeks. This machine will help the team to achieve the highest practical level of gold recovery.

Nicholas Hall, CEO, commented: "The latest pour marks yet another important advance in our strategy of maximizing the cash generation from Nalunaq and using the proceeds to develop a successful operation at the Black Angel zinc/lead mine. We are pleased with the progress at Nalunaq but the Black Angel mine remains the Company's primary longer term asset with a JORC resource of 4.425mt of high grade zinc and lead (as announced on 9 June 2011)."

 

Enquiries:
Angel Mining plc
Nicholas Hall, Chief Executive Officer

07931 709 053
Angel Mining plc
Kevin McNair, Chief Financial Officer

07900 690 908
Fox-Davies Capital (Broker)
Philip Davies
0203 463 5014
WH Ireland Limited  (Nominated Advisor)
Daniel Bate

0161 832 2174
Bishopsgate Communications Limited
Michael Kinirons
0207 562 3350

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