Alba Mineral Resources Regulatory News (ALBA)

Alba Mineral Resources plc

("Alba" or the "Company")

Assay Results at Thule Black Sands, Greenland,

Confirms High Heavy Mineral Content

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce testwork results from the maiden 2018 drilling campaign across the Company's 100% owned Thule Black Sands Project ("TBS") in north-west Greenland.

Highlights:

· Assay results confirm a weighted average Total Heavy Mineral ("THM") content of 45.4%

· All samples taken were ilmenite-bearing, confirming a combined mineralised strike length of approximately 10 km

Alba's Executive Chairman, George Frangeskides, commented:

"These testwork results from TBS, conducted in respect of mainly drill samples taken over the full length of our 10km of mineralised coastline, are very much in line with and reinforce the excellent THM grades achieved in our 2017 testwork."

"These results, achieved in our first full field season at TBS, give us great confidence as we move forward with our plans this year. Further testwork and independent resource estimation work are being undertaken, and we will announce the results of those further analyses as and when they become available."

Heavy Liquid Separation Sample Results

The samples taken from the drilling programme completed in the 2018 field season were dispatched to an independent, accredited laboratory in Canada.

Screening of oversize (+2mm) and clays (3.

Table 1 (included in the appendix to this release) shows the results of the screening and heavy liquid separation. Table 2 (included in the appendix to this release) shows that the weighted average grades from samples collected equates to 21.0% Oversize (+2mm), 6.3% Clays (-53µm) and 45.4% THM (-2mm to +53 µm).

The further testwork being undertaken will determine the mineralogical assemblage of the THM including the in-situ ilmenite grade. The weighted average THM% of 45.4% from the 2018 drilling programme compares well with the weighted average THM% of 46.7% from the 2017 sampling programme, which involved a far shorter field campaign and the taking of fewer samples.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Competent Person Declaration

The information in this release that relates to Exploration Results has been reviewed by Mr Howard Baker, Technical Director of Alba Mineral Resources Plc. Mr Baker is a Chartered Professional Fellow of the Australasian Institute of Mining and Metallurgy (Membership Number 224239) and a Competent Person as defined by the rules of International Reporting Codes that are aligned with CRIRSCO.

Howard Baker has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration targets, Exploration Results, Mineral Resources and Ore Reserves', also known as the JORC Code. The JORC code is a national reporting organisation that is aligned with CRIRSCO. Howard Baker consents to the inclusion in the announcement of the matters based on his information in the form and context in which they appear.

For further information please contact:

Alba Mineral Resources plc

George Frangeskides, Executive Chairman +44 20 7264 4366

Cairn Financial Advisers LLP (Nomad)

James Caithie / Liam Murray +44 20 7213 0880

First Equity Limited (Broker)

Jason Robertson +44 20 7374 2212

Yellow Jersey PR (Financial PR/ IR)

Tim Thompson / Harriet Jackson/ Henry Wilkinson +44 77 1071 8649

alba@yellowjerseypr.com

Alba's Project & Investment Portfolio

Mining

Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest in the Amitsoq Graphite Project in Southern Greenland and has an option over the remaining 10 per cent.

Clogau (Gold, Wales): Alba owns a 90 per cent interest in Gold Mines of Wales Limited ("GMOW"), the ultimate owner of the Clogau Gold project situated in the Dolgellau Gold Belt in Wales.

Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent of mineral exploration licence ("MEL") 2017/40 and MEL 2018/25 in north-west Greenland.

Limerick (Base Metals, Ireland): Alba owns 100 per cent of the Limerick base metal project in the Republic of Ireland.

Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per cent interest in MEL 2017/41 in Melville Bay, north-west Greenland. The licence area benefits from an existing inferred JORC resource of 67 Mt @ 31.4% Fe.

Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of MEL 2017/29 in the Thule region, north-west Greenland.

Oil & Gas

Brockham (Oil & Gas, UK): Alba has a direct 5 per cent interest in Production Licence 235, which comprises the previously producing onshore Brockham Oil Field.

Horse Hill (Oil & Gas, UK): Alba holds an 11.765 per cent effective interest in the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246 covering a total area of 142.9 km²) in the UK Weald Basin.

Web: www.albamineralresources.com

Appendix

Table 1: Thule 1 SGS heavy Liquid Separation Results

Table 2: Weighted Average Results