Fresnillo Regulatory News (FRES)

Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

11 April 2017

Fresnillo plc - Board Changes

Fresnillo plc (the "Company") announces that the Nominations Committee has recommended to the Board of Directors (the "Board"), and the Board has agreed, that Dame Judith Macgregor DCMG LVO be proposed for election as an independent non-executive director at the forthcoming annual general meeting on 23 May 2017.

Dame Judith was the British Ambassador to Mexico from 2009 to 2013 and British High Commissioner in South Africa from September 2013 until early 2017.

Dame Judith has been the President of the Foreign and Commonwealth Office (FCO) Women's Association since 2006, overseeing a significant increase in the number of FCO women in senior grades. She was formerly the overseas representative on the Whitehall ministerial Newton Committee guiding the funding of science and research. At the FCO, Dame Judith held various posts in former Yugoslavia, Prague, Paris, Poland, Western Europe and Slovakia.

Dame Judith holds a first class degree in Modern History from Lady Margaret Hall, Oxford.

There is no further information to disclose pursuant to Listing Rule 9.6.13.

The Board has also agreed the following changes to the membership of the different Board Committees which will take effect from the date of the forthcoming annual general meeting:

- Mr. Alberto Tiburcio, an independent non-executive director of the Company, will be appointed as member of the Nominations Committee, in place of Mr. Fernando Ruiz.

- Mr. Jaime Serra Puche, an independent non-executive director of the Company, will be appointed as member of the Remuneration Committee, in place of Mr. Fernando Ruiz.

- Mr. Fernando Ruiz, an independent non-executive director of the Company, will stand down from the Audit, Nominations and Remuneration Committees.

- Mr. Fernando Ruiz, an independent non-executive director of the Company, will be appointed as member of the Health, Safety, Environment and Community Relations (HSECR) Committee.

Mr. Alberto Baillères, Chairman of Fresnillo plc, said "I am very pleased that Dame Judith has agreed to join our Board, subject to her election at the Company's forthcoming annual general meeting, and I am certain that she will make a valuable contribution to Fresnillo plc. I enthusiastically welcome Dame Judith on behalf of the Board."

For further information, please visit our website www.fresnilloplc.com or contact:

About Fresnillo plc

Fresnillo plc is the world's largest primary silver producer and Mexico's second largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos1, Noche Buena and San Julián (phase 1), three development projects - San Julián (phase 2), the Pyrites plant, and second line of DLP at Herradura, and four advanced exploration projects - Orisyvo, Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 2 million hectares in Mexico.

Fresnillo plc has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver per year by 2018, having already surpassed the gold target of 750,000 ounces.

Forward Looking Statements

Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Fresnillo Group's intentions, beliefs or current expectations concerning, amongst other things, the Fresnillo Group's results of operations, financial position, liquidity, prospects, growth, strategies and the silver and gold industries are forward-looking statements. Such forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Fresnillo Group's operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. In addition, even if the results of operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso exchanges rates), the Fresnillo Group's ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty.

1 Operations at Soledad-Dipolos are currently suspended.