LIM participates in Multi User Port Facility

Anglesey Mining plc LSE:AYM

18 July 2012

Labrador Iron Mines Participates in the Development of New Multi-user Dock at
the Port of Sept-ÃŽles

5 million tonne per year port capacity reserved

Anglesey Mining's 26% owned associate Labrador Iron Mines Holdings Limited
(TSX: LIM) is pleased to announce that it has agreed to participate with the
Sept-ÃŽles Port Authority (the "Port Authority") in the development of its new
multi-user dock facility (the "Facility") at Pointe-Noire in the Port of
Sept-ÃŽles. Under the terms of its agreement with the Port Authority, LIM has
reserved an annual capacity of 5 million tonnes of iron ore with a right to
secure additional residual capacity.

The $220 million project, proposed and sponsored by the Port Authority, is
planning for two berths, dedicated exclusively to iron ore shipments, equipped
with two ship loaders as well as two conveyer lines, with an annual capacity of
50 million tonnes per year.

Under the agreement, 50% of the capital cost ($110 million) will be contributed
as buy-in payments by five potential users, pro rata to each user's reserved
tonnages. LIM has reserved an annual capacity of 5 million tonnes and has
committed a total of $12.8 million (£8 million) payable in two equal
installments. The first installment of $6.4 million has been made and the
second installment is payable in July 2013. These advance payments will be
credited as discounts against future port wharfage and shipping fees, until
such time as the cumulative discounts amount to LIM's buy-in payments.

As previously announced on February 13, 2012, the Government of Canada will
invest up to $55 million and contribute to the construction of the Facility.

Construction of the new dock is expected to be completed by 31 March 2014.

About Labrador Iron Mines Holdings Limited

Labrador Iron Mines is Canada's newest iron ore producer. It owns a portfolio
of direct shipping iron ore operations and projects located in the prolific
Labrador Trough. The first full production season commenced in April 2012 with
a sales target of 2 million tonnes of iron ore for the 2012 year.

LIM is focused on a strategic and robust growth plan arising from its portfolio
of 20 iron ore deposits in Labrador and Quebec, all within 50 kilometres of the
town of Schefferville. The James Mine is connected by a direct rail link to the
Port of Sept-Iles, Québec. The area also benefits from established
infrastructure including the town, airport hydro power and railway service.
Starting with the James Mine and leading to the development of the expanding
Houston flagship project, the objective is to provide shareholders with
long-term value as production and sales ramp up towards 5 million tonnes per
year by 2015.

LIM is currently the only independently-owned Canadian iron ore producer listed
on the Toronto Stock Exchange and trades under the symbol LIM.

About Anglesey Mining plc

Anglesey holds 26% of Toronto-listed Labrador Iron Mines Holdings Limited which
is now producing iron ore from its James deposit, one of LIM's twenty direct
shipping iron ore deposits in western Labrador and north-eastern Quebec.

Anglesey is also carrying out development and exploration work at its 100%
owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where there is
estimated to be a total historical resource in excess of 7 million tonnes at
over 9% combined copper, lead and zinc.

For further information, please contact:

Bill Hooley, Chief Executive                              [phone];
Ian Cuthbertson, Finance Director                         [phone];

Samantha Harrison / Klara Kaczmarek: RFC Ambrian          [phone];

Emily Fenton / Jos Simson: Tavistock Communications       [phone]