Award of Licence

Alba Mineral Resources PLC
02 March 2007



                           Alba Mineral Resources plc

                           ('Alba' or 'the Company')



                      Award of Additional Swedish Licence



Alba Mineral Resources plc, the UK-based exploration company, with a diversified
commodities portfolio, announces the award of a ninth exploration licence in
northern Sweden. This acquisition forms part of a strategic partnership with
Altius Minerals Corporation (TSX-V: ALS) to explore for magmatic nickel sulphide
deposits in Scandinavia.



Highlights



  • Award of the Kalen exploration licence in northern Sweden, for nickel,
    copper, cobalt, gold, silver and platinum group metals (PGM)



  • Alba's ninth exploration licence in Sweden, is considered by Alba
    technical staff to be highly prospective for ultramafic sill-hosted
    Ni-Cu-Co-PGM mineralization.



  • Kalen licence contains known sulphide mineralization and lies 24 km
    south-west of the  Rormyrberget nickel - copper occurrence





The Kalen licence (total area 5.12km2) is centred on an ultramafic intrusion
that contains known disseminated sulphide mineralization.  Kalen is located 24
km south-west of the Rormyrberget Ni-Cu prospect where 4 Mt of mineralization
with a grade of 0.6% Ni has been identified by previous drilling.  Work
programmes have commenced and the company anticipates field work to begin in
early Q2, and will consist of ground based geophysics, lithogeochemistry and
soil sampling.





Michael Nott, Group Managing Director and Chairman commented, 'The granting of
the Kalen licence now brings our total number of Swedish licences to nine.  We
have secured what we believe to be highly prospective areas for
nickel-copper-PGM mineralization in the Vindeln Nickel Belt which we consider to
have geological similarities with the Thompson Nickel Belt of Canada.'





ENDS



Enquiries

Michael Nott, Managing Director
Alba Mineral Resources plc                 Tel: [phone]

Justine Howarth / Victoria Thomas
Parkgreen Communications                   Tel: [phone]

Liam Murray
City Financial Associates                  Tel: [phone]





Notes to Editors



Alba Mineral Resources plc is a committed, technically driven explorer with a
commodity focus on uranium, nickel and gold. Alba currently has interests in a
number of well researched properties owned in its own right or in conjunction
with other parties, primarily in Scotland, Mauritania and Sweden. The Company
also has gold and base metal interests in Scotland and Ireland.



The Company's overall corporate and exploration strategy will continue to be one
of developing a portfolio of well-researched, promising and prospective
exploration properties that will be pursued further, either in the Company's own
right or in conjunction with other parties.



To create value, projects will be either sold outright (in whole or part), spun
off into a separate company, joint ventured to include a cash consideration and/
or a 'Net Smelter Return' or developed into operating mines.  The Company will
have a principal focus on the Arthrath nickel-copper-platinum group metals
project in Scotland, uranium and copper-gold in Mauritania, and nickel and
copper-gold in Sweden.



Alba will actively assess, as a priority, the uranium potential of the three
uranium permits awarded in Mauritania, and are committed to continuing nickel
exploration in Sweden as part of a collaborative exploration effort part funded
by the Altius Minerals Corporation of Canada.



Precious- and base- metal properties in Ireland and Scotland will continue to
form part of the company portfolio and will be carried forward on a timely
basis, with a view to seeking joint ventures on each where warranted.



Policies on Environment, Community & Social Responsibility and Safety

It is the objective of Alba Mineral Resources not only to increase value for our
shareholders, but to do so in a socially and environmentally responsible manner.
We expect employees and contractors alike, to respect the cultures and
traditions of the communities we work with, and in.



Alba is a member of Environmental Excellence in Exploration (E3) a project
coordinated by the Prospectors & Developers Association of Canada (PDAC). As a
minimum standard we will abide by the applicable environmental laws within the
administrative areas that we work and ensure that all our employees have the
right to a safe and healthy working environment.



Geology and Mineral Potential of the Northern Sweden Licences



The bedrock geology to the Vindeln Nickel Belt is a 1.90 Ga metamorphosed rift
sedimentary sequence intruded by ultramafic sills.  Ultramafic sills
(intrusions) and lava flows are known to be intimately associated with the
formation of magmatic sulphide mineral deposits. The geology and the known
mineralization in the Vindeln Nickel Belt show similarities to the world-class
Thompson Nickel Belt (Manitoba, Canada). The Thompson Nickel Belt annually
produces more than 45,000 tonnes of nickel metal. Nickel sulphide mineralization
in the Vindeln Nickel Belt occurs as disseminated to massive sulphide and
breccia sulphide in ultramafic rock intruded into the rift stratigraphy and
often extends into the wall rock.



The Company believes the licences awarded by the Swedish Mining Inspectorate
(Bergsstaten) in northern Sweden are prospective for nickel mineralization based
on bedrock geology, overburden geochemistry, geophysics and proximity to known
sulphide accumulations. For example, the Company's Furuberget licence is only 6
km along strike from the known historical drilled nickel occurrence of
Rormyrberget: 4 Mt with a grade of 0.6% using a 0.4% Ni cut-off (source Swedish
Geological Survey, SGU).



The information contained in this report that relates to mineralisation is based
on the information compiled by a Swedish Geological Survey (SGU), 1986.



Dr Sandy M. Archibald BSc. MSc. PhD, Technical Director of Alba has reviewed the
information contained herein.



Dr. Archibald has sufficient experience, which is relevant to the style of
mineralisation under consideration and to the activity he is undertaking as a
qualified person as defined by the Guidance Note for Mining and Oil & Gas
Companies under the AIM Rules for Companies.






                      This information is provided by RNS
            The company news service from the London Stock Exchange