Black Mountain Resources Limit

Admission to AIM


25 July 2012

                       Black Mountain Resources Limited                        

                               Admission to AIM                                

Highlights:

  * Black Mountain shares to commence trading on the London Stock Exchange's
    AIM market today under the code "BMZ"
   
  * Dual listing on AIM and ASX to increase exposure and broaden international
    investor base to accelerate the Company's growth strategy
   
  * 70% interest in three previously operating high grade silver projects 
    located in Idaho and Montana, USA
   
  * Objective to rapidly recommence low cost silver production at Conjecture
    and New Departure Projects in Q4 2012
   
  * Exclusive access to nearby silver processing mill secured for Conjecture
    Project, Idaho
   
  * Significant exploration upside and resource potential demonstrated at all
    three projects
   
  * Known areas of mineralisation, with low political risk and excellent mining
    infrastructure
   
  * Highly skilled Board and management team with significant operational and
    corporate resource experience
   
Black Mountain Resources Limited (ASX | AIM: BMZ) the silver focused company
with three near term production projects in major silver districts in the
United States, is pleased to announce that its ordinary shares will be admitted
to trading on AIM effective 8:00am (GMT) on 25 July 2012 under the ticker BMZ.
An AIM admission document containing full details on the Company, including a
Competent Persons Report on the Company's projects, has been prepared in
relation to the listing and is available on the Company's website at 
www.blackmountainresources.com.au.

The Company holds a 70% interest in three advanced US silver / gold projects
with historic mines: the New Departure Project, Montana; the Conjecture
Project, Idaho; and the Tabor Project, Montana. All three projects have an
extensive history of exploration, development and mining undertaken by previous
owners. Additionally, the projects demonstrate the potential for the
delineation of significant resources through both mineralisation extensions to
the historical workings and the discovery of new ore bodies. A key objective of
the Company is to commence high grade silver ore production from both the New
Departure and Conjecture Projects in Q4 2012, utilising the existing
underground development to facilitate access to mineralised areas and local
processing mills for toll treatment of ore. In addition, both projects
currently have diamond drilling programmes underway.

In July 2012, Black Mountain announced that it had signed an exclusive option
for a long term lease of the Lakeview Mill, located less than 2km from the
Conjecture Project. This flotation mill is permitted and is capable of
processing 300 tonnes of ore per day with minimal upgrades.

Black Mountain CEO John Ryan, commented:

"The completion of this dual listing represents a key milestone in the
Company's corporate strategy as we focus on becoming a substantial low cost
producer of high grade silver in tandem with capitalising on the significant
exploration potential demonstrated across our portfolio. Black Mountain is
unique from a location, grade and cost perspective and exposure to both AIM and
ASX will assist corporately with production targeted to commence at New
Departure and Conjecture in Q4 this year."

For and on behalf of the Board

John Ryan
Chief Executive Officer

For further information please contact:

Black Mountain Resources Limited        Nominated Advisor                      
Peter Landau                            RFC Ambrian Limited                      
Executive Director                      Stuart Laing                               
T: +61 (8) 9488 5220                    T: +61 (8) 9480 2500                   
                                                                               
Broker (UK)                             Media (UK)                             
Xcap Securities                         St Brides Media & Finance Limited      
Jon Belliss                             Elisabeth Cowell                       
T: +44 (0) 20 32162630                  T: +44 (0) 20 7236 1177                

About Black Mountain Resources Limited

Black Mountain Resources Limited is a silver and gold focused development
company focussed on the advancement of three highly prospective previously
operating assets located in two of the world's most developed and proven silver
and gold mining regions of Idaho and Montana, USA.

The Company holds a 70% interest in the New Departure Silver Project, the
Conjecture Silver Project and the Tabor Gold and Silver Project. It plans to
implement low cost production and development programmes across all three
assets, targeting first production from New Departure and Conjecture by Q4
2012. It is also implementing exploration programmes to capitalise on the
exploration upside potential apparent across its portfolio.

Black Mountain Resources Limited was incorporated on 29 October 2010 and is
listed on the Australian Securities Exchange, ASX, and London's AIM Market
(BMZ).

                                                                               
Black Mountain Resources Limited 
Suite 1A, Princes House
38 Jermyn Street
London SW1Y 6DN
Tel: +44 207 025 7040

Ground Floor, 1 Havelock Street 
West Perth WA 6005 
Tel: +61 8 9488 5220