Chromex Mining plc / Epic: CHX / Market: AIM / Sector: Mining &
                             Exploration
10 November 2009
           Chromex Mining plc ('Chromex' or 'the Company')
               Zimbabwe Acquisition and Market Update

Chromex Mining plc, the AIM listed chrome mining company focussed  in
Southern Africa,  is pleased  to  announce that  it has  concluded  a
binding Heads of Agreement to acquire 49% of Falvect Mining (Private)
Limited ('Falvect'), a company owned and operating in Zimbabwe for  a
nominal consideration, and  provide an  update on  its activities  in
South Africa.

Under the terms of the  acquisition, Chromex will have the  exclusive
right to co-develop  all Falvect chrome  concessions in the  Shurugwi
region and tribute agreements in the  Ngezi area, and market 100%  of
the chrome products produced from  those operations.  In return,  the
Company will provide working capital into Falvect and funding for the
development of current  projects and any  additional acquisitions  in
Zimbabwe,  which  is  host  to  significant  high  grade  chrome  ore
deposits.  A technical  review of the  contained mineralisation  will
commence once final agreements have been concluded.  In line with the
development of  its business,  Chromex is  already investigating  the
economics of setting up beneficiation facilities in Zimbabwe.

In South Africa the commissioning of the first phase of its  Stellite
chrome beneficiation plant  was completed  in August  2009.   By  the
beginning of November 2009, this facility was able to operate at full
design capacity,  producing 42%  and 44%  metallurgical grade  chrome
concentrate.  All beneficiation  to date has  been fed from  existing
stockpiles at the Stellite mine, although due to on-going demand, the
Board expects  to recommence  mining  operations in  December  2009.
Furthermore, the  Company  is  currently finalising  the  design  and
costing of Phase 2  of the current beneficiation  plant to include  a
dense media circuit with the ability to double current  beneficiation
capacity.  Importantly, in addition to the capacity increase, Chromex
will be  in a  position to  market a  sized lumpy  chrome product  in
addition to the chemical and metallurgical grade concentrates that it
currently produces.

On a more general level, 2009 has been a difficult year for the South
African chrome industry, combining general macro-economic uncertainty
with unprecedented turbulence in demand  and price.  In addition  the
South African mining  industry has been  significantly impacted by  a
very strong Rand, increasing costs and continuing power constraints.
In spite  of this  Chromex  has continued  to  spend capital  on  its
beneficiation facilities and mine, and will continue to do so in  the
future so  as to  retain operating  flexibility in  an  ever-changing
environment.  Its  strategy  remains  to  produce  enough  chrome  to
provide positive cash flow, while retaining valuable chrome resources
in the ground pending an upturn in prices.

Additionally,  the  challenge   to  the  Group's   mining  right   at
Mecklenburg remains unresolved, largely due to delays in the  process
of providing evidence for the  court.  Chromex has complied with  all
requirements within the stipulated time scales, and, on the basis  of
our legal  advice,  the Company  remains  confident of  a  successful
outcome.

Chromex CEO Russell Lamming  said, "The investment  in Falvect is  in
line with our strategy  of building a broad  portfolio of chrome  and
related mineral assets  across southern  Africa.  The  timing of  the
acquisition is linked to the lifting of the Zimbabwean ban on exports
of chrome ore and fines, effective 1 November 2009 and will hopefully
allow us to  expand our  production capabilities  going forward.   In
spite of the challenging chrome market we have continued to invest in
our operations and have a producing mine and operating  beneficiation
plant.  Our aim is to continue  to build our business, expand on  our
portfolio and generate value for shareholders going forward."

                              **ENDS**

For further information please visit www.chromexmining.co.uk or
contact:


Russell Lamming             Chromex Mining plc     Tel: +44  (0) 7810
                                                   870 587
Brian Moritz                Chromex Mining plc     Tel: +44 (0) 7976
                                                   994300
William Vandyk              Astaire plc            Tel: +44 (0) 20
                                                   7448 4400
                            Ocean Equities Limited Tel: +44 (0) 20
Guy Wilkes                                         7786 4370
Hugo de Salis/ Felicity     St Brides Media &      Tel: +44 (0) 20
Edwards                     Finance Ltd            7236 1177


Notes to Editors
Chromex Mining, quoted on AIM,  is a dedicated chrome mining  company
with two primary projects on  the Bushveld complex, South Africa  and
approximately 41Mt  resources under  its  control.  The  Company  has
commenced production at its Stellite  project on the Western Limb  of
the Bushveld  complex,  and  plans  to  commence  production  at  its
Mecklenburg project on the Eastern Limb as soon as possible.

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