London Mining :CGMR JV RECEIVES CLAIM

London Mining (“London Mining” or the “Company”) announces that China Global Mining Resources Limited (“CGMR”), a subsidiary of the China Global Mining Resources (BVI) Limited joint venture (“JV”) which is held 50:50 with Wits Basin Precious Minerals Inc (“Wits Basin”), has received a claim regarding the payment of the deferred consideration for the purchase of the Sudan processing plant.

The claim is to  be  determined  through  arbitration.   CGMR  is  in discussions with the sellers of  the  plant regarding this claim  and a resolution (either by agreement of through arbitration) is expected in the next 6 months.  The Sellers have no legal or commercial  recourse to London Mining or  any  subsidiary other  than the CGMR JV with respect to this claim.

London Mining  is  focused on identifying, developing and operating scaleable mines to become a  mid-tier  supplier  to  the  global  steel industry. London Mining is developing four iron ore mines in Sierra Leone, Saudi Arabia, Greenland and China as well as  a  coking  coal operation in Colombia. All London Mining’s assets  have  deliverable production with potential for expansion. The Company listed on the Oslo Axess on 9 October 2007 and on AIM in London on 6 November 2009. It trades under the symbols LOND.L and LOND.NO (Reuters) and LOND LN and LOND NO (Bloomberg).