Toledo Mining Corp

Exercise of Options

Toledo Mining Corporation PLC
22 June 2007

22 June 2007

                         TOLEDO MINING CORPORATION PLC
                           ('Toledo' or the 'Company)


The directors of Toledo Mining Corporation plc (AIM : TMC) advise that the
Company has allotted 125,000 new ordinary shares of 5p each (and received
£187,500 in subscription monies) following the exercise of options.

The Company has made application for admission to trading on AIM of the new
125,000 ordinary shares and trading in the new ordinary shares is expected to
commence on 28 June 2007.

In accordance with the FSA's Disclosure and Transparency Rules, the Company
would like to notify the market of the following:
-    As a result of the allotment of the new ordinary shares, the Company's 
     share capital consists of 29,188,333 ordinary shares with voting rights. 
     The Company holds no shares in treasury.

-    Therefore, the total number of voting rights in the Company is 29,188,333.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FSA's
Disclosure and Transparency Rules.

For further information contact:

Annie Richards, Toledo Mining Corporation plc:             +44 (0) 20 7514 1480

Charles Vivian, Pelham Public Relations                    +44 (0) 20 7743 6670

Hugh Oram, Nabarro Wells & Co Ltd                          +44 (0) 20 7710 7400

                      This information is provided by RNS
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