COMMENT ON CASPIAN INVESTMENTS' ACQUISITION OF LONDON MINING SHARES

London, 13th December 2007. London Mining has been informed that Caspian Investments BVI Limited is a 100% subsidiary of Ferrous Resources Limited. Ferrous Resources owns iron ore assets in Brazil near London Mining's Serra Azul mining operation and is headed by Gordon Toll who was formerly with Rio Tinto, Ivanhoe Mining Ltd. and Fortescue Metals Group Ltd. As at 12 December 2007, Ferrous Resources held 25,121,600 shares in London Mining, representing  25,57% of shares outstanding.

London Mining has appointed Kaupthing Singer & Friedlander as corporate finance advisor and broker.

For further information, please contact:

London Mining Plc.
Christopher Brown, Managing Director                                                     +44 (0) 20 7495 6210
Graeme Hossie, Corporate Development & Deputy Managing Director        +44 (0) 20 7495 6210

Crux Kommunikasjon AS
Charlotte Knudsen                                                                                 +47 97 56 19 59

Notes to the Editors:

About London Mining Plc  (LOND.OL)
London Mining Plc is incorporated and registered in the UK, and is a UK-based iron ore mining company with assets in Brazil, Sierra Leone, Greenland and Mexico and strategic off-take partners based in China. The company has a diversified portfolio with existing production and significant planned expansion. London Mining's management and board of directors have extensive mining and finance experience. The company has already raised privately approximately USD 185 in equity and debt and acquired an operating iron ore mine in Brazil in May 2007.

London Mining is listed at the Oslo Axess list of Oslo Stock Exchange, under the symbol LOND. Please also visit our website www.londonmining.co.uk for more information about our company and our operations.

Comment on Caspian Investment's acquisition of London Mining shares (PDF)