BHR.L Regulatory News (BHR)

10 December 2014

Beacon Hill Resources Plc / AIM: BHR / Sector: Mining

Beacon Hill Resources Plc

("Beacon Hill" or the "Company")

Shareholder Conference Call Recording

Beacon Hill, the coking coal developer focused on the Minas Moatize Coking Coal Mine in Tete, Mozambique ("Minas Moatize"), announces that a recording of the previously announced Shareholder Conference Call, held yesterday at 10.30 a.m., is now available to download on the Company's website at: www.bhrplc.com. During the conference call, the Chairman, CEO and CFO of Beacon Hill answered a range of questions submitted by shareholders in respect of the financing and restructuring Proposals announced on 1 December 2014 (the "Announcement") which are to be considered by Shareholders at the forthcoming General Meeting to be held at 10.00 a.m. on Wednesday 17 December.

No material new price sensitive information was disseminated on the conference call, however the Independent Directors would like to highlight the following points:

· The Independent Directors have explored at length all other known potential alternative funding sources available to the Company, with no success as a result of the current adverse coking coal market environment and the current suspension in mining operations with no operational cashflow generation to service the current highly leveraged capital structure;

· The Independent Directors remain strongly of the view that if the Proposals are not approved by Shareholders, it is highly likely that the Company would be forced into administration;

· In the opinion of the Independent Directors, in the event that the Company were to be forced into administration, it is highly likely that Shareholders would receive zero or minimal consideration for their shareholding in the Company as a result of the preferential ranking of the Company's various different creditors that must be legally followed in an administration process; and

· Shareholders should not regard the Company's unaudited net asset value of US$55.8 million, as reported in the Company's results for the period ended 30 June 2014) as an appropriate measure of the monetary value that could be achieved by Shareholders in the event of administration, and a likely forced sale situation.

Capitalised terms used but not defined above have the same meanings as set out in the Announcement.

**ENDS**