Re proposed acquisition

Hambledon Mining PLC
16 April 2007

                                      
PRESS INFORMATION                                              16th April 2007


                              HAMBLEDON MINING PLC

                         Update re proposed acquisition

Hambledon Mining plc (AIM: HMB), the AIM-listed mining and exploration company
developing precious metal deposits in Kazakhstan, announces that negotiations
with the second Kazakh company referred to in the announcement dated 29th
January 2007 have been discontinued.

The monies allocated for this purpose will instead be utilised in accelerating
development of Sekisovskoye and the exploration of the adjacent prospects. In
particular, plans for the development of the underground mine at Sekisovskoye,
which will significantly raise the grade of gold, and hence output, are now well
in hand.

The Ognevka processing plant, which was acquired in January, is being
refurbished and will produce concentrates containing gold, silver, copper and
iron, and coke from the retreatment of zinc smelter residues.

Nicholas Bridgen, Chief Executive of Hambledon Mining plc, commented:

'It is disappointing that we could not bring the negotiations for the second
acquisition to a conclusion but it does mean that our existing projects at
Sekisovskoye and Ognevka are now fully funded.

'We have been working on the underground project for some time, and we can now
complete the final design and obtain the appropriate approvals.'


Enquiries

Hambledon Mining plc
Nicholas Bridgen, Chief Executive        Telephone: [phone] (Kazakhstan)

Seymour Pierce Limited
Nicola Marrin                            Telephone: [phone]

Bankside Consultants
Michael Padley / Daniela Hale            Telephone: [phone]


Note to Editors

Hambledon Mining plc is an AIM-listed gold mining and exploration company which
is developing the Sekisovskoye gold deposit and owns the Ognevka processing
plant, both of which are close to Ust Kamenogorsk in East Kazakhstan.

At Sekisovskoye, the company is mining from an open pit and constructing an
850,000 tonnes per year treatment plant. Production from the open pit will
average over 40,000 ounces per annum, rising to around 100,000 ounces when the
higher grade underground ore is added to the feed.


                                      ENDS



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