Fresnillo Regulatory News (FRES)

Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

United Kingdom

www.fresnilloplc.com

28 February 2014

Fresnillo plc - Board Changes

Fresnillo plc (the "Company") announces that Mr Fernando Solana and Mr Javier Fernández have advised the board of directors of the Company (the "Board") that they intend to stand down from the Board at the 2014 annual general meeting of the Company (AGM), which will be held on Friday 16th May 2014. Mr Fernández and Mr Solana have served on the Board for six and five years respectively.

The Nominations Committee has recommended to the Board, and the Board has agreed, that Ms Bárbara Garza Lagüera and Mr Jaime Serra Puche be proposed for election as independent non-executive directors at the 2014 AGM, with their appointments to take effect from the conclusion of the AGM.

Bárbara Garza Lagüera is the President of the Acquisitions Committee of FEMSA Proyectos Culturales. She is a director of the following publicly listed companies: Coca-Cola FEMSA (KOF) and Fomento Económico Mexicano (FEMSA), the largest franchise bottler of Coca-Cola products in the world. She also serves as a director of Grupo Financiero BBVA Bancomer, Soluciones Financieras (SOLFI), and also on the boards of the not-for-profit organizations Patronato Museo Franz Mayer, Supervisory Commission of the Fondo Nacional para la Cultura y las Artes (FONCA), among others. Bárbara earned a bachelor's degree in business and an MBA degree from the Instituto Tecnológico de Estudios Superiores de Monterrey.

Mr. Serra Puche worked in the Mexican government where he served as Undersecretary of Finance, Secretary of Trade and Industry and Secretary of Finance. As Secretary of Trade and Industry he led the negotiation and implementation of NAFTA. Mr. Serra is a director of the following publicly listed companies: The Mexico Fund, Tenaris, Vitro and Alpek. His not-for profit boards included the Corporation of Yale University, where he currently co-chairs The President's Council on International Activities. Mr Serra earned his Master's in Economics from El Colegio de Mexico and a Ph.D. in Economics from Yale University.

It is proposed that Ms Garza Lagüera be appointed to the Nominations Committee, in place of Mr Fernández, and that Mr Serra Puche be appointed as a member of the Audit Committee, in place of Mr Solana, once their appointments to the Board take effect. It is also proposed that Ms Maria Asunción Aramburuzabala be appointed as a member of the Health, Safety, Environment and Community Relations Committee, in place of Mr Fernández, with effect from the date of the AGM.

Fresnillo plc Chairman Alberto Baillères said: "I should like to take this opportunity to thank Mr Solana and Mr Fernández for their significant contribution to the Board and to the Committees on which they have served in recent years. Their wisdom and support has been invaluable.

The significant experience of Ms Garza Lagüera and Mr Serra Puche will greatly support the Company and 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 six operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad and Noche Buena; three development projects - a dynamic leaching plant to treat high grade gold ore from the Herradura and Soledad mines; San Julián and Saucito II and four advanced exploration prospects - Centauro Deep, Juanicipio, Orisyvo and Las Casas Rosario as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 2.1 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 both silver and gold.

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 and 500,000 ounces of gold by 2018.

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 Fresnillo plc's intentions, beliefs or current expectations concerning, amongst other things, Fresnillo plc'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 Fresnillo plc's operations, financial position and liquidity, and the development of the markets and the industry in which Fresnillo plc 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 Fresnillo plc 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), Fresnillo plc'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.