TIDMTMC 
 
   Toledo Mining Corporation plc 
 
   ("Toledo" or the "Company") 
 
   Re: Closing of Offer 
 
   The Company notes the announcement dated 1 May by DMCI Mining 
Corporation ("DMCI Mining"), regarding the level of acceptances that it 
had received in relation to its Offer and that the Offer is now closed 
and is no longer capable of acceptance. 
 
   Together with the 18,818,344 Toledo Shares already owned by DMCI Mining, 
plus a further 615,000 Toledo Shares acquired through market purchases 
and 275,000 Toledo Shares  issued upon the exercise of share options 
held by certain members of Toledo's management team, DMCI Mining now 
owns or has received valid acceptances in respect of 33,341,246 Toledo 
Shares representing approximately 66.5 per cent. of Toledo's issued 
share capital. 
 
   Victor Kolesnikov commenting said: "We continue to look forward to 
working with DMCI Mining as we progress our projects in the Philippines, 
where their assistance and relations with the local community is a 
considerable benefit." 
 
   Enquiries: 
 
   Victor Kolesnikov, Chief Executive Officer, Toledo Mining Corporation 
 
   +44 (0) 20 7290 3100 
 
   John Harrison/Richard Morrison/Jen Boorer, RFC Ambrian Limited 
 
   Financial Adviser and Nominated Adviser 
 
   +44 (0) 20 3440 6800 
 
   Anthony Shewell, Fin Public Relations 
 
   +44 (0) 20 7608 2280 
 
   Carina Corbett,  4C Communications Ltd 
 
   +44 (0) 20 3170 7973 
 
   This announcement is distributed by Thomson Reuters on behalf of Thomson 
Reuters clients. 
 
   The owner of this announcement warrants that: 
 
   (i) the releases contained herein are protected by copyright and other 
applicable laws; and 
 
   (ii) they are solely responsible for the content, accuracy and 
originality of the 
 
   information contained therein. 
 
   Source: Toledo Mining Corporation PLC via Thomson Reuters ONE 
 
   HUG#1698396 
 
 
  http://www.toledomining.com/ 
 

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