BHR.L Regulatory News (BHR)

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

9 March 2012

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

Update to Announcement regarding Beacon Hill Resources Intention to Seek Dual Listing on the Australian Securities Exchange (ASX)

Further to the Company's announcement on 8 December 2011, Beacon Hill submitted an application to the ASX for admission to the Official List. As part of this application, the Company lodged an Information Memorandum dated 23 December 2011 (restated and amended as at 5 March 2012), which is now being published and is available on the Company's website at www.bhrplc.com.

Once the ASX has concluded consideration of the Company's application for admission, it is anticipated that trading will commence shortly after the announcement of the Company's preliminary results for the year ended 31 December 2011, which is anticipated to be made by the end of March 2012.

The Company will make an announcement once the ASX has advised the official date for the Company's admission to quotation on the Official List. Beacon Hill will trade on the ASX under the code "BHU".

Following admission to the official list of the ASX, CHESS Depository Interests ('CDIs') will be traded on the ASX. Each CDI will represent two fully paid ordinary shares in the capital of the Company. Ordinary shares will continue to be traded on AIM.

Justin Lewis, Chairman of Beacon Hill, commented, "The Board of Beacon Hill is pleased that the process of obtaining an ASX listing is close to finalisation. We believe that the dual listing of the Company will provide Beacon Hill with access to a broader capital market base with and a strong understanding of resources."

**ENDS**

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About Beacon Hill Resources Plc

Beacon Hill Resources Plc is an AIM-listed resource company that is focused on building a portfolio of near-term production projects in commodities relating to the steel production industry.

Beacon Hill owns and operates one of only two operating coal mines producing, selling and exporting coal in the Moatize Coal Basin of Mozambique. In addition, the Group has entered into a JV to develop a further coal tenement in Mozambique and holds licences over a significant magnesite deposit in Australia.

More details on Beacon Hill can be found at www.bhrplc.com.

Forward Looking Statement

Certain statements made during or in connection with the communication, including, without limitation, those concerning the economic outlook for the coal mining industry, expectations regarding coal prices, production, cash costs and other operating results, growth prospects and the outlook of Beacon Hill operations, its liquidity and the capital resources and expenditure, contain or comprise certain forward-looking statements regarding Company's development and exploration operations, economic performance and financial condition.

Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that suck expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes is the regulatory environment and other government actions, fluctuations in coal prices and exchange rates and business and operational risk management. For a discussion of such factors, refer to the Company's most recent annual report and half year report. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events.