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Toledo Mining Corporation PLC (TMC)

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Wednesday 09 March, 2011

Toledo Mining Corporation PLC

Appointment of CEO

                         Toledo Mining Corporation plc
                    ("Toledo" or the "Company") (AIM:TMC)

                               Appointment of CEO

Further  to the announcement of  31 January 2011 appointing Victor Kolesnikov to
the  Board of Directors  of the Company,  Toledo is now  pleased to announce the
appointment of Mr. Kolesnikov as Chief Executive Officer of the Company.

As  previously advised, Victor Kolesnikov, aged 49, is a qualified metallurgical
engineer with over 22 years experience in the mining industry, including 8 years
with  Norilsk Nickel.  Although based in  London, he will spend extended periods
in  the Philippines working with the local management and joint venture partners
utilising  his  specialist  skills  to  unlock  the  potential  inherent  in the
Company's nickel assets.

Commenting  on the appointment, Reg Eccles, Chairman, said, "I am delighted that
Victor   has accepted   the position   of   CEO.   He   has extensive experience
and a comprehensive  understanding of  the nickel  business. I am confident that
his  appointment  will  prove very positive for Toledo  and  the  various  Joint
Venture Companies in the Philippines which he joins as our representative."

Additional Information

The  information  detailed  below  is  disclosed  in accordance with Rule 17 and
paragraph  (g)  of  Schedule  Two  of  the AIM Rules. Except for the information
disclosed  in this announcement and the announcement of 31 January 2011 there is
no other information which falls to be disclosed under these rules.

Additional Current Directorships:
TMM Management Inc.
Berong Nickel Corporation
Ipilan Nickel Corporation.

For further information, please visit or contact:

Reg Eccles, Chairman, Toledo Mining Corporation
 +44 (0) 20 7514 1480

Richard Swindells / Jen Boorer, Ambrian Partners Ltd
+44 (0) 20 7634 4700

Katie Grinham, Toledo Mining Corporation
+44 (0) 7958 765 745

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(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
Source: Toledo Mining Corporation PLC via Thomson Reuters ONE