Fresnillo plc successfully concludes negotiatio...

Fresnillo
Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com

                                                        25 March 2009


   Fresnillo plc successfully concludes negotiations with Union at
                              Herradura


Fresnillo plc,  the  world's  largest  primary  silver  producer  and
Mexico's second largest gold producer, is pleased to announce that it
has successfully concluded the 2009 annual wage negotiations with the
section of Mexico's Mining and  Metal Workers Union at the  Herradura
mine.  The  Union and  the  Company have  agreed  on a  package  that
includes a 6% wage increase, a 1% fringe benefits increase and a  one
payment as a  bonus of 1%  of salary. Negotiations  with each of  the
sections of the  Union at the  Fresnillo and the  Ciénega mines  will
commence over the coming weeks as these are negotiated separately.

The successful outcome demonstrates the good relationship between the
Union at the Herradura mine and Fresnillo plc.

For further information please visit www.fresnilloplc.com or contact:

Fresnillo plc
London Office
Octavio         Alvidrez,          Head          of          Investor
Relations                                 Tel: [phone]

Mexico City Office
Gabriela
Mayor
Tel: [phone]

JPMorgan
Cazenove                                                         Tel:
[phone]
Andrew Wray

Brunswick
Tel: [phone]
Patrick Handley
Carole Cable

About Fresnillo plc

Fresnillo Plc  is the  world's largest  primary silver  producer  and
Mexico's second largest  gold producer,  listed on  the London  Stock
Exchange under the symbol FRES.

Fresnillo has  three  producing  mines,  all  of  them  in  Mexico  -
Fresnillo, Ciénega and Herradura; two advanced development projects -
Saucito, Soledad &  Dipolos; and  three exploration  prospects -  San
Juan, San Julian,  Orysivo, as well  as a number  of other long  term
exploration prospects and, in total, has mining concessions  covering
approximately 1.75 million hectares in Mexico.

Fresnillo has a strong and long  tradition of mining, a proven  track
record of mining development and reserves replacement, and a low cost
of production, being  in the lowest  quartile of the  cost curve  for
both silver and gold.

Fresnillo intends to  maintain its  position as  the world's  largest
primary silver  producer  with  the  aim  of  approximately  doubling
production, on a silver equivalent ounce basis by 2018 and increasing
its gold production.

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