Alba Mineral Resources: High Clogau Gold Grades

Level 4 Sampling

- 40 samples extracted from Level 4 Lower Llechfraith Target

- Shallow chip sampling that did not contain visible Gold

- Processed onsite to heavy mineral concentrates

- Sent to 3rd party for refining and testing

Composite Sample 1

- 3.1g of Gold from 49.2kg sample

- Equiv. conc. Gold grade of 1,325.92 g/t

- Back calc. head grade est. 89.15g/t (2.87 troy ounces / tonne)

Composite Sample 2

- 3.2g of Gold from 34.4kg sample

- Equiv. conc. Gold grade of 1,136.77g/t

- Back calc. head grade est. 111.6g/t (3.59oz/t)

Composite Sample 3

- 4.0g of Gold from 36.9kg sample

- Equiv. conc. Gold grade of 1,469.51g/t

- Back calc. head grade est. 133.73g/t (4.3oz/t)

Market Intelligence

- ALBA confident these grades represent background gold population

- Level 4 investment set for significant RoI

- Increasing confidence of high ‘bonanza’ Gold levels below Level 4

- Record Gold spot prices at US$2,166/oz

George Frangeskides, Executive Chairman, commented:

"These are extraordinarily good results from No.4 Level. Whereas most gold projects measure results in grams per tonne, these grades can be measured in ounces per tonne.

"We always knew there was serious potential for finding high-grade gold at Clogau. But after all the challenges we have faced over the past few years in gaining access to our No.1 target within the mine, to now have that high-grade potential finally confirmed by actual results is extremely heartening. We now look forward to the forthcoming bulk sampling on and below No.4 Level with a great deal of confidence and no little excitement."