Drilling Report - First 2005 drillhole at Parys Mountain

    First 2005 Drill Hole at Parys Mountain

Anglesey Mining plc is pleased to report that it has now drilled the first hole
of the 2005 summer exploration programme on its Parys Mountain polymetallic
zinc, copper, lead, silver and gold deposit at Anglesey North Wales.

Hole AMC 15, the first to be drilled on Parys Mountain since 1997, was completed
on 8 August 2005 at a depth of 632 meters and successfully intersected both the
targeted Engine zone and the shallower North Central zone. The drill has now
been moved to the next hole, AMC 16, which is again targeted at both the Engine
zone and the North Central zone.

Massive Sulphide Intersections

Hole AMC 15 reached the Engine zone target at the anticipated depth of 563
metres where it intersected 2.5 metres of massive sulphide in the Engine zone
horizon. The hole also intersected 3.2 metres of lower grade disseminated
sulphide below the massive sulphides. At a higher elevation hole AMC 15 had
earlier intersected the North Central zone at a depth of 366 metres, which
included a 0.2 metre section of massive sulphides.

The drill core from the two massive sulphide intersections in AMC 15 has been
sent away for analysis and assay result are expected in a few weeks.

Multiple Targets

The probable ore reserves at Parys Mountain upon which the 1990 positive Mine
Feasibility Study is based lie principally at the Engine zone horizon and at the
western tip of the Parys Mountain volcanic complex, near the Morris Shaft. The
current drilling program is targeted in part at this same Engine zone horizon
but along the northern margin of the volcanic complex which extends over a
strike length of at least 1.5 kilometres and which to date is very poorly
explored with only limited drilling. At the same time the drilling is also
targeted at the less well developed North Central zone which lies at shallower
depth above the Engine zone. Later it is also planned to test the separate White
Rock zone and the Northern Copper zone.

Comments

The intersection of the Engine zone in the recently completed hole AMC 15 has
demonstrated the validity of the company's geological model and interpretation
and has indicated the continuation of the Engine zone at least 100 metres east
of the nearest previous intersection in hole H30. Further, the narrow
intersection of the shallower lying North Central zone, which has now been
identified in a number of holes, gives this less well developed but emerging new
zone a potential strike length of 500 metres. Due to drilling deviation, AMC 15
did not go through the area of the Northern Copper zone, one the original
targets of the hole.

The company believes that Parys Mountain has the potential for the discovery of
major zones of massive sulphide mineralisation, similar to those outlined both
by drilling and by underground development in the early 1990s, over the largely
unexplored 1.5 kilometre strike length Parys mountain volcanic complex.

Contacts J F Kearney + (1) 416 362 6686
     Ian Cuthbertson + (44) 1248 361333



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