BHR.L Regulatory News (BHR)

Beacon Hill Resources plc / Ticker: BHR / Index: AIM / Sector: Mining

23 February 2011

Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')

Issue of Equity

Beacon Hill Resources Plc, the AIM listed resource company, has today issued 9,173,930 new ordinary shares of 0.25 pence each ('Ordinary Shares') following the conversion of interest due by a holder of convertible loan notes issued on 19 July 2010 ('Convertible Loan Notes'). Following this conversion, the enlarged issued share capital of the Company will comprise 633,819,769 Ordinary Shares, with Convertible Loan Notes outstanding having a nominal value of £6,949,345.77, convertible into up to 126,351,740 Ordinary Shares. As previously announced, the Convertible Loan Notes mature on 18 July 2011 at which point a final interest payment is due.

The Company has made application for the new Ordinary Shares to be admitted to trading on AIM, which is expected to occur, and dealings in the shares will commence, on 28 February 2011 ('Admission'). The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing issued shares of Beacon Hill, including the right to receive any dividends and other distributions declared following Admission.

Following this conversion, Renaissance Partners Investments Limited, via subsidiary companies or funds managed by it, is interested in an aggregate 118,238,006 Ordinary Shares, representing 18.7 per cent of the current issued share capital of the Company.

**ENDS**

For further information on the Company, visit: www.bhrplc.com or contact: