RESULTS FOR THE PERIOD ENDED 31 MARCH 2010

Operational Highlights (including post-period)
Marampa

• Total Inferred Resource for primary orebody increased by over 300% to 392Mt @ 31% Fe
• Total Indicated Resource for tailings orebody estimated as 42Mt @ 21% Fe
• Phase 1 on track for first shipment in Q2 2011 with ability to expand to 3Mtpa within 12 months
• Initial test work for primary orebody confirms suitability for blast furnace pellet feed
• Mining licence agreement ratified by Sierra Leone parliament

Wadi Sawawin

• Resource upgrade allows planning to extend mine life to over 20 years

Isua

• Resource increased to 951Mt @ 36% Fe in an optimised pit shell
• PFS completed on 5Mtpa operation, revised study commenced on 10Mtpa operation

China

• Concentrate production of 75,817t (on 100% basis)
• Funding discussions on consolidation of expanded licence continuing

Corporate

• Cash position at the end of 31 March was USD 191m
• Acquisition of remaining 80% International Coal Company in Colombia, with first coke production expected in 2011
• Exploration programme underway at Chile iron ore project
• Offer agreed with Sable Mining for the disposal of London Mining shares in DMC

Commenting on the results, Chief Executive Officer Graeme Hossie said:
”We are very pleased to report the upgrade to the resource base at Marampa to over 400Mt. This significant resource combined with initial metallurgical testwork underpins our confidence in an operation producing 8Mtpa of high quality iron ore concentrate. We now have a detailed low capex logistics plan in place which will support all our future production plans. We are on track at Marampa to begin export of 1.5Mtpa from Q2 2011 and expand quickly to 3Mtpa. We have also made significant progress at our other operated iron ore and coal projects.”


Please find the full operations and financial review, as well as the company’s presentation of the period enclosed.

The Company's website can be found at www.londonmining.co.uk.

About London Mining
London Mining is focused on identifying, developing and operating scaleable mines to become a mid-tier supplier to the global steel industry. Its four principal assets in Sierra Leone, Saudi Arabia, Greenland and China all 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).

Q1 2010 Report

Q1 2010 Presentation