Anglo Asian Regulatory News (AAZ)

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

24 January 2011

Anglo Asian Mining plc ('Anglo Asian' or 'the Company')

Director Exercise of Options

Anglo Asian Mining plc, the AIM listed gold producer, announces that it was informed on 20 January 2011 that Khozrow Zamani, the Chairman of the Company, exercised 550,000 options to acquire ordinary shares in the Anglo Asian on 24 January 2011. The exercise price for the options was 4.75 pence. An application has been made for admission of 550,000 new shares to trading on AIM, and they are expected to be admitted on 31 January 2011.

In addition, an employee of the Company has exercised 100,000 options to acquire ordinary shares in the Company at an exercise price of 4.75 pence. An application has been made for admission of 100,000 new shares to trading on AIM and admission is expected to take place on 31 January 2011.

**ENDS**

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Notes:

Anglo Asian Mining plc (AIM:AAZ) is a gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry. The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009. Gold production for the year ended 31 December 2010 totalled 67,267 oz of gold.

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.