4 February 2010
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Alexander Mining plc
("Alexander" or the "Company")
Proposal Received from a Major Multinational Mining Group
for Exclusive Rights to AmmLeach® Technology
Appointment of Independent Technical Expert
Alexander Mining plc wishes to announce that it has been approached by a
number of multinational mining companies which have a commercial interest in
production using its AmmLeach® ammonia leaching technology under licence.

In
addition, one company has made an indicative, non-binding proposal to purchase
the Company"s AmmLeach® technology, on an outright basis, for its global
operations.
In light of this significant proposal, and to facilitate the board"s consideration of it,
the Company has commissioned an independent technical expert to examine the
potential capital and operating cost savings for a typical 50,000 & 100,000tpa
copper (with cobalt bi-product) mining operation with high acid consuming ore
using AmmLeach®.

In addition, the board has recommended that the Company
appoints an independent advisor to determine a fair commercial valuation of the
AmmLeach® technology based on its global application.
For further information please contact:
Martin Rosser Matt Sutcliffe
Chief Executive Officer Executive Chairman
Mobile: + 44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758
Alexander Mining plc
1st Floor
35 Piccadilly
London
W1J 0DW
Tel: +44 (0) 20 7292 1300
Fax: +44 (0) 20 7292 1313
Email:
Website: www.alexandermining.com
Nominated Advisor and Broker
Alasdair Younie/John Prior
Arbuthnot Securities Limited
Arbuthnot House
20 Ropemaker Street
London
EC2Y 9AR
Tel: +44 (0) 20 7012 2000
Public/Media Relations
Tim Blackstone
Britton Financial PR
62 Britton Street
London
EC1M 5UY
Tel: +44 (0) 20 7242 9786
Mobile: +44 (0) 7957 140 416
Email:
Appendix
Background notes for editors
Alexander Mining plc
Alexander, through its wholly owned subsidiary MetaLeach Limited, is solely
focused on the commercialisation of its proprietary mineral processing
technologies.

Alexander has already received test-work payments and the
pipeline of amenability test-work programmes is increasing steadily.

A major
campaign to grow this revenue stream is under way, with the aim of securing
future royalties and/or free carried equity interests in attractive base metals
projects and/or mines.
AmmLeach®, for which patents are pending, has the potential to revolutionise the
extraction processes for high acid consuming copper and zinc oxide deposits.
The operating cost differential between AmmLeach® and conventional heap
leaching treatment methods for high sulphuric acid consuming ores and the
AmmLeach® ammonia process is a significant order of magnitude in
AmmLeach®"s favour.
The AmmLeach® process was developed as a result of Alexander"s successful
pilot plant demonstration at its Leon copper project in Argentina and subsequent
research and development.

As well as copper oxides, AmmLeach® has excellent
potential for developing a new SX-EW process for producing high purity zinc
metal or an intermediate product at the mine.
The zinc process has been trialled successfully on a bench scale and larger
scale test-work is imminent.

The AmmLeach® process leaches common zinc
oxide minerals with high extraction efficiencies and offers a potentially economic
processing route for many zinc oxide deposits that are currently not economic.