AYM Anglesey Mining Plc

RNS No 4212p
ANGLESEY MINING PLC
3rd June 1998

FINANCING

The company has concluded a new financing agreement with Juno Limited, the
company's major shareholder which holds 50% of the company's share capital.
Under this agreement, which replaces a previous working capital agreement signed
in September 1996, Juno will provide up to an additional #200,000 for current
liabilities and the company's continuing programmes at Parys Mountain. In
addition indebtedness under the existing working capital agreement of
#150,000 will be carried forward as part of the new facility.

The loans of up to #350,000 from Juno are denominated in sterling, unsecured,
carry interest at 10% and are repayable from any future financing undertaken by
the company. Drawdown of the new portion of the facility is scheduled over the
period to 31 July 1999.

In accordance with the company's Controlling Shareholder Agreement with Juno the
terms of the facility were approved by an independent committee of the board.

Contacts:

Ian Cuthbertson      John F. Kearney
Finance Director     Chairman
01248 361333         001 416 362 6686

END


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