Issue of equity

Angel Mining plc (the "Company")
AIM: ANGM

The Company announces that it has raised £175,000 through the issue of 2,958,392 new ordinary shares of 1p each in the Company (“Ordinary Shares”) at approximately 5.92p per share under the terms of the Standby Equity Distribution Agreement announced on 27 April, 2009.

Application will be made for the admission of 2,958,392 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings will commence on 9 February, 2010. On admission, the Company will have 297,488,944 Ordinary Shares in issue.

For further information please contact: