* Admission to AIM
  * 37.2million existing ordinary shares placed with over 30
    recognised institutions at GBP1.924 (NOK18) per share
  * Identifying, developing and operating scaleable mines to become a
    mid-tier supplier to the global steel industry
  * Four principle production and development iron ore assets: Sierra
    Leone, Saudi Arabia, Greenland and China
  * Potential to increase iron ore concentrate production target to
    14Mtpa by 2014 and to in excess of 20Mtpa in 2018

London Mining today announces its admission to the AIM market of  the
London Stock Exchange. Liberum  Capital Limited is nominated  adviser
and joint  broker  along with  GMP  Securities Europe  LLP  as  joint
broker. The Company is  also listed on the  Oslo Axess market of  the
Oslo Børs.  The Company  will review  the status  of the  Oslo  Axess
listing after an appropriate period of time.

In  conjunction  with  the  admission  to  AIM,  37,239,225  existing
Ordinary Shares have  been placed  at GBP1.924  (NOK18) per  Ordinary
Share with over 30 recognised institutions. The placing was conducted
by Liberum  Capital  Limited  and GMP  Securities  Europe  LLP.   The
Company did not receive any proceeds from the placing. In  connection
with the placing,  Sir Nicholas Bonsor  (a non-executive director  of
London Mining) and Benjamin Lee (Head of Corporate Development) have,
with effect  from  6 November  2009,  acquired Ordinary  Shares.  Sir
Nicholas Bonsor  acquired 15,000  Ordinary  Shares taking  his  total
holding in London Mining to  47,000 Ordinary Shares and Benjamin  Lee
acquired 5,000 Ordinary Shares.  Following the acquisition,  Benjamin
Lee has 5,000 Ordinary Shares,  options over 250,000 Ordinary  Shares
pursuant to  the London  Mining  plc No.1  Share  Option Plan  and  a
nil-cost option award over  100,000 Ordinary Shares  pursuant to  the
London Mining Long-Term Incentive Plan.

Further details  of the  placing are  set out  in the  AIM  admission
document. The  admission document  is  available on  London  Mining's
website  (www.londonmining.co.uk)   and   the  Oslo   Axess   website
(www.newsweb.no).

London Mining  is focused  on identifying,  developing and  operating
scaleable mines to  become a  mid-tier supplier to  the global  steel
industry. The Company  was founded  in 2005 and  is headquartered  in
London.  The  Group's principal  assets  have actual  or  anticipated
production and  the  ability  for further  expansion  through  either
upgrading or acquisition.

The Group currently has four principal projects in iron ore, which it
is either  developing  or  operating  on its  own  or  through  joint
ventures. The Directors believe that  the total iron ore  concentrate
production capacity of the Group's four principal projects (on a 100%
basis) has the potential  to rise from 0.4Mtpa  in 2009 to 14Mtpa  in
2014 and to in excess of 20Mtpa  in 2018. This can be broken down  as
follows:

  * Sierra Leone - sinter feed: 1.5Mtpa in 2011 to in excess of 3Mtpa
    in 2013
  * Saudi Arabia - DR pellets: 5Mtpa in 2013 to 10Mtpa in 2017
  * Greenland - DR pellet feed: 5Mtpa in 2014 to 10Mtpa in 2018
  * China - magnetite concentrate: 0.4Mtpa in 2009 to 1Mtpa in 2011

(Company estimates)

The Company is currently  undertaking resource definition  programmes
to ensure  that  all  principal  projects  will  have  JORC  standard
resources  in  accordance  with  the  timeframes  set  out  in   this
announcement. The Company also has  a small number of investments  in
other iron ore and coal development opportunities.

The ability  to develop  projects  rapidly into  efficient  producing
mines, utilising its experienced technical and operating team, is  an
important part of the Group's capabilities and strategy. The  Company
successfully and  rapidly  scaled  up  production  at  its  Brazilian
operations prior  to selling  those operations  to ArcelorMittal  for
USD810 million  in  August  2008.  During  its  16  month  period  of
ownership, the  Company  invested  USD32 million  and  increased  the
resource from 268Mt grading 47% Fe to 1.1Bt grading 38% Fe,  expanded
capacity from 0.5Mtpa to 4Mtpa,  completed construction of a  3.5Mtpa
sinter feed plant in less than 9 months and negotiated both long term
offtake agreements  and a  short-term domestic  sales agreement  with
Vale. (These resource estimates were not prepared in accordance  with
an internationally recognised standard, are based on historical  data
and are included for information only.).

GBP219 of the proceeds from the sale of the Company's Brazilian
operations was returned to shareholders with USD68 million of the
proceeds used to redeem bonds issued by the Company to finance the
acquisition of the Brazilian operations. The balance after costs was
retained by the Company for re-investment. As at 30 September 2009,
the Company had consolidated Group cash of USD230 million
(unaudited), which it has principally allocated for the development
of its existing projects through to key milestones.

Further details of the Company's assets and management team are set
out in the Appendix to this announcement.

Commenting today  Graeme Hossie,  Chief Executive,  of London  Mining
said: "London  Mining's  admission  to  AIM,  combined  with  today's
placing of  shares into  the  market from  pre-existing  shareholders
gives us both  the liquidity and  exposure we need  in a market  that
understands mining.  We are  fully funded  to reach  all of  our  key
milestones, including full development of the Marampa Mine in  Sierra
Leone next year  to its  first phase of  production. As  we move  our
principal  projects  forward  and   progress  our  JORC   delineation
programme we expect  to be able  to communicate operational  progress
regularly to  the  market. Our  objective  is to  become  a  mid-tier
supplier of bulk  commodities to  the global steel  industry, with  a
particular focus being directed towards iron ore."

Please see the full announcement including the Appendix and the AIM
admission document enclosed.


For more information, please contact:

London Mining
Graeme Hossie, Chief Executive Officer      +44 20 7201 5000
Rachel Rhodes, Finance Director
Thomas Credland, Head of Investor Relations

Liberum Capital (Broker/Nomad)
Clayton Bush/Ellen Francis                  +44 20 3100 2000

GMP Securities Europe  (Broker)
Jeremy Wrathall                             +44 20 7647 2800

Crux Kommunikasjon AS (Norway media)
Charlotte Knudsen                            +47 97 56 19 59

Threadneedle Communication (UK media)
Laurence Read/ Graham Herring               +44 20 7653 9850


About London Mining
London Mining Plc is a UK-based company that is developing mines  for
the steel industry.  The company  owns 100% of  the Marampa  hematite
iron ore mine in  Sierra Leone, 100% of  the Isua magnetite iron  ore
project in  Greenland, a  50%  stake in  on  the Wadi  Sawawin  joint
venture in Saudi Arabia  and a 50% stake  in the China Global  Mining
Resources joint  venture. It  also has  minority interests  in  South
Africa and  Colombia.   The  Company  listed on  the  Oslo  Axess,  a
marketplace regulated by the  Stock Exchange, on  9 October 2007.  It
trades under the symbol LOND.NO.

Disclaimer
The Company is  not offering  any new  Ordinary Shares  or any  other
securities in connection with the Admission. The Ordinary Shares have
not been nor will they be, registered under the US Securities Act  of
1933, as amended, or with any securities regulatory authority of  any
state or  other  jurisdiction  of  the United  States  or  under  the
applicable securities laws of Australia, Canada, Japan, South  Africa
or the  Republic  of  Ireland. Subject  to  certain  exceptions,  the
Ordinary Shares may  not be  offered or  sold in  the United  States,
Australia, Canada, Japan, South Africa or the Republic of Ireland  or
to or for the account or benefit of any national, resident or citizen
of Australia, Canada, Japan, South Africa or the Republic of  Ireland
or any person located in the United States.

This  announcement  does   not  constitute  an   offer  of,  or   the
solicitation of an offer to subscribe for or buy, any Ordinary Shares
to any person in any jurisdiction to whom it is unlawful to make such
offer  or  solicitation   in  such  jurisdiction   and  is  not   for
distribution in,  or  into,  the United  States,  Australia,  Canada,
Japan, South Africa or the  Republic of Ireland. The distribution  of
this announcement in other jurisdictions may be restricted by law and
therefore persons  into  whose  possession  this  announcement  comes
should inform themselves of and observe such restrictions.

Liberum Capital  Limited ("Liberum")  is regulated  by the  Financial
Services Authority and is acting exclusively for the Company and  for
no one  else in  connection  with the  placing of  existing  Ordinary
Shares (the "Placing") and Admission. Liberum will not be responsible
to anyone  other  than  the Company  for  providing  the  protections
afforded to customers of Liberum or for advising any other person  on
the contents of this announcement  or the Placing and Admission.  The
responsibility of Liberum  as nominated adviser  and joint broker  to
the Company is owed  solely to the London  Stock Exchange and is  not
owed to  the  Company  or  the Directors  or  any  other  person.  No
representation or warranty, express or implied, is made by Liberum as
to the  contents of  this announcement.  No liability  whatsoever  is
accepted by Liberum for the  accuracy of any information or  opinions
contained in this announcement  or for the  omission of any  material
information for which it is not responsible.

GMP Securities  Europe  LLP ("GMP")  is  regulated by  the  Financial
Services Authority  and is  acting exclusively  for the  Company  (as
joint broker) and for no one else in connection with the Placing  and
Admission. GMP  will not  be  responsible to  anyone other  than  the
Company for providing the protections afforded to customers of GMP or
for advising any other person on the contents of this announcement or
the Placing and Admission. The responsibility of GMP as joint  broker
to the Company is owed solely to the London Stock Exchange and is not
owed to  the  Company  or  the Directors  or  any  other  person.  No
representation or warranty, express or implied, is made by GMP as  to
the  contents  of  this  announcement.  No  liability  whatsoever  is
accepted by  GMP for  the  accuracy of  any information  or  opinions
contained in this announcement  or for the  omission of any  material
information for which it is not responsible.

This announcement, including information included or incorporated  by
reference  in   this  announcement,   may  contain   'forward-looking
statements'.  Generally, the words 'will', 'may', 'should',  'could',
'would', 'can',  'continue',  'opportunity',  'believes',  'expects',
'intends', 'anticipates', 'estimates' or similar expressions identify
forward-looking statements.  The  forward-looking statements  involve
risks and uncertainties  that could  cause actual  results to  differ
materially from those expressed  in the forward-looking  statements.
Many of  these risks  and uncertainties  relate to  factors that  are
beyond the Company's ability to  control or estimate precisely,  such
as future  market  conditions  and the  behaviours  of  other  market
participants, and therefore  undue reliance should  not be placed  on
such statements.  London  Mining assumes no  obligation and does  not
intend to update these forward-looking statements, except as required
pursuant to applicable law or regulation.

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.