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All Star Minerals PLC (ASMO)

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Tuesday 30 September, 2014

All Star Minerals PLC

Further re:- Convertible Loan Notes


                             All STAR MINERALS PLC                             

                         ("All Star" or "the Company")                         

              Convertible Loan Note Extension and Issue of Equity              

Further to the announcement on 5 March 2014, the Company announces that it has
agreed with the Convertible Loan Note holders listed in the table below, to
further extend the terms of the notes for a further period of 6 months' from
the First Extended Maturity Date.

The Convertible Loan Notes carried a coupon of 10 per cent per annum.

The coupon from the date of issue of the Convertible Loan Notes to the Original
Maturity Date has been rolled into the Original Principal.

The coupon from the Original Maturity Date to the First Extended Maturity Date
has been converted into new ordinary shares in the Company at a price of 0.1
pence per share. Therefore the Company has issued and allotted 5,500,000 new
ordinary shares. Following this issue of equity the Company's issued share
capital comprises 636,928,320 ordinary shares of 0.01 pence per share.

The Company has agreed to amend the coupon from the First Extended Maturity
Date from 10 per cent to 20 per cent per annum.

Date Loan Note     Original         First        Original        Second
was announced      Maturity      Extended  Principal plus      Extended
                       Date Maturity Date       rolled up Maturity Date
                                              interest to              
                                           First Extended              
                                                 Maturity              
                                                                       
15/10/2013         8/1/2014      8/7/2014         £55,000      8/1/2015
                                                                       
23/10/2013        31/1/2014     31/7/2014         £27,500     31/1/2015
                                                                       
3/12/2013         31/1/2014     31/7/2014         £27,500     31/1/2015

The Directors of the Company accept responsibility for the content of this
announcement.

ENQUIRIES:

All Star Minerals Plc
Tomas Nugent, Chairman
Conrad Windham, CEO
01366 500722

www.allstarminerals.co.uk

ISDX Corporate Adviser:
Cairn Financial Advisers LLP
Liam Murray
020 7148 7900

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