Minco PLC Regulatory News (MIO)

Dublin, 28 November 2016 - Minco Plc ("Minco" or the "Company") (AIM - "MIO") reports that at the Annual General Meeting of Shareholders held in Dublin on 25 November 2016 all the Resolutions proposed were duly passed with greater than 99% of the votes cast by proxy in favour of each Resolution. Details are reported below.

At the Annual Meeting Minco's Chairman, John Kearney, provided an update on the Company's activities.

METAL PRICES - POSITIVE OUTLOOK

The medium and long term outlook for lead and zinc remains very positive. Zinc has continued to be one of the strongest performing metals in 2016, rising from the US$0.70 per pound level at the end of 2015 to almost US$1.10 per pound during the third quarter and subsequently trading between US$1.00 and US$1.15 per pound. The Zinc price increased around 12% in the third quarter of 2016, following a strong performance in the second quarter of 2016, taking its improvement in the year to date to 53%.

The fundamentals for zinc have been steadily improving. For the past five years the zinc market has been in deficit, which has gradually eroded inflated inventory levels leading to more balanced market conditions. In addition, a number of mine closures have reduced the supply of concentrate. The closing in 2015 of Australia's Century mine and the Lisheen mine in Ireland, combined with earlier closures of Glencore's Brunswick and Perseverance mines in Canada have removed more than one million tonnes of mine supply which represents almost 9.9% of world mine production.

Lead has also performed well in 2016 rising from US$0.75 per pound at the end of 2015 to US$0.95 per pound during the third quarter and continuing to stay in the US$0.90 to US$0.95 per pound range since, despite gradually increasing inventories for most of the year. Demand for lead continues to be driven by lead-acid batteries in both e-bikes and automobiles in China. Lead acid batteries continue to the primary choice for Chinese automakers.

More recently, following the election of Donald Trump as President of the United States, there has been a dramatic increase in the prices most metals. The likelihood of a major infrastructure construction programme in the United Sates would be very significant for base metals, and specifically for zinc, the demand for which is closely linked to steel production.

CENTRAL NEWFOUNDLAND BASE METAL PROJECTS - Metallurgical Studies

Through its wholly owned subsidiary Buchans Minerals Corporation ("Buchans Minerals"), Minco is engaged in a collaboration agreement with Canadian Zinc Corporation (TSX:CZN) ("Canadian Zinc") undertaking a research programme to complete physical and metallurgical bench scale studies on their respective volcanogenic massive sulphide ("VMS") deposits located in the Victoria Lake district of central Newfoundland and to share research data on their respective central Newfoundland Cu-Pb-Zn-Ag-Au deposits.

The metallurgical portion of the program is now complete with test results confirming that selective zinc, lead and copper concentrates at marketable grades can be produced using a common flotation flowsheet. The positive results from the metallurgical test program strongly support the development of the sequential flotation technology for processing of the central Newfoundland deposits using a centralized processing facility.

Since its inception in December 2015, the program has expanded its focus from four VMS deposits, two held by Minco (Bobbys Pond and Daniels Pond) and two held by Canadian Zinc (Lemarchant and Boomerang-Domino) to include Minco's Lundberg deposit, which because of its large size holds more contained zinc, copper and lead metal than the other four smaller deposits combined.

The metallurgical portion of the program is now being followed-up with a Process Simulation and Cost Assessment model to evaluate and identify the key factors impacting the operating economics of a centralized processing concept for the production of the base metal concentrates.

Results from the conceptual economic assessment will be used to help optimize future exploration and development plans, by focusing on key factors that are critical to assessing the economic potential and viability of developing the central Newfoundland deposits through a central milling facility.

The total cost of the research project was originally estimated at $735,000 with $535,000 to be funded through the Research & Development Corporation of Newfoundland and Labrador ("RDC") GeoEXPLORE Industry-led R & D Technology Development and Demonstration Program. With the inclusion of Lundberg, the budget has now been expanded to $840,000 with RDC contributing $620,000, and Buchans Minerals and Canadian Zinc providing $130,000 and $110,000, respectively.

BUCHANS BASE METAL EXPLORATION - NEWFOUNDLAND CANADA

Since 2015, Minco has focused its exploration efforts near the former Lucky Strike mine to explore for high-grade resources that may positively impact open pit and underground development of the Company's Lundberg deposit. At Lucky Strike, previous operator, Asarco, mined 5.6 million tonnes averaging 18.4% Zn, 8.6% Pb, 1.6% Cu, 112 g/t Ag & 1.7 g/t Au.

The Lucky Strike mine exploited high-grade massive sulphides located immediately above a large, lower grade, stockwork mineralised zone that comprises the Company's undeveloped Lundberg deposit. The Lundberg deposit hosts Indicated resources of 23.4 million tonnes grading 1.41% Zn, 0.60% Pb, 0.35% Cu, 5.31 g/t Ag and 0.07 g/t Au, plus Inferred resources of 4.3 million tonnes averaging 1.29% Zn, 0.54% Pb, 0.27% Cu, 4.47 g/t Ag and 0.08 g/t Au (see Minco press release dated March 4, 2013 for more complete disclosure).

The Lundberg deposit was initially assessed by a positive Preliminary Economic Assessment (PEA) in 2011 (see Buchans Minerals press release dated August 12, 2011), and has since been the subject of further work including resource drilling, environmental assessment and ongoing metallurgical test work.

Minco initiated a program of to relog the Company's drill cores in 2015 to assess potential for the discovery of additional high-grade resources near the Lundberg deposit. This program was expanded in 2016, and to date, has relogged 301 historic surface and underground drill holes (49,260m) within 2 km of the former Lucky Strike mine, and a further 41,465 m in 93 holes from other nearby prospects located less than 4 km from Lundberg. Although the program is ongoing, several target areas have been identified and are under review; particularly an area north of the Lundberg deposit, where the Lucky Strike massive sulphide deposit remains underexplored with a down dip to the north where potential remains for discovery of additional high-grade deposits.

LAKE DOUGLAS GOLD, NEWFOUNDLAND, CANADA

In October 2016, Minco, through its wholly-owned subsidiary, Buchans Minerals Corporation, competitively staked 2,075 hectares in central Newfoundland, known as the Lake Douglas project, including a 3.5 km segment of the prospective trend that extends between two of three newly discovered prospects announced by Altius Minerals Corporation ("Altius") (ALS.TO). The Altius discoveries have sparked significant interest in the region. On September 20th, 2016, Altius announced acquiring a (17,200 hectare) gold exploration property, 40 km southwest of Minco's Buchans project and 20 km southwest of the Company's Daniels Pond and Bobbys Pond deposits. The Altius project is also located immediately northeast and along strike of Marathon Gold Corporation's (MOZ.TO) Valentine Lake property that, as of April 2015, hosts mineral resources of 1.06 million ounces gold at 2.20 g/t (Measured & Indicated) and 0.20 million ounces gold at 2.85 g/t (Inferred). Minco intends to conduct initial reconnaissance work for gold on the newly acquired Lake Douglas claims prior to the onset of winter weather.

LEAD-ZINC EXPLORATION, MOATE, COUNTY WESTMEATH, IRELAND

In November 2015 Minco was granted three new Prospecting Licences by Ireland's Minister of Communications, Energy and Natural Resources. These new licences, PLs 1228, 1229 and 3981, at Moate in County Westmeath, are centred on a specific geological target identified by Minco, with potential for zinc-lead mineralization of Tynagh Mine type.

Minco's new Moate licences are located along the northwestern margin of the Irish Midland Orefield on the "Tynagh-Ballinalack Trend". All but one of the major Irish zinc-lead deposits of the Irish Midland Orefield lie along the margins of the Orefield. The Moate target lies mid-way between the former Tynagh Mine, located 50 kilometres to the southwest, and the similar styled Ballinalack deposit, situated 35 kilometres to the northeast. The Tynagh Mine operated successfully from 1965 to 1981 producing 9,000,000 tonnes of ore, from both open pit and underground, at average grades of approximately 7% Pb, 5.5% Zn, 0.5% Cu and 81.25g/t Ag (2.6 opt).

Minco's studies of previous drilling have outlined a geological setting that Minco believes mirrors that at the former Tynagh Mine, where zinc-lead mineralization was hosted by breccias developed at the margin between the reef and off-reef limestone facies. The geology at Moate is also comparable to that at the smaller Ballinalack deposit. A 10 km long target has been outlined at a depth of 150 metres below surface, with potential for reef hosted zinc-lead mineralization of Tynagh-type.

Minco's 2016 drilling programme has initially focused within PL 1229 on the southwestern three kilometres of a 12 km long target area, adjacent the north-east striking Moyvoughly Fault. Five holes (1229-35 to 1229-39) have been drilled to date for a total of 700m. Reef-derived breccias comparable to those at Tynagh have been intersected confirming the geological model, and in Holes 1229-38 and 39 the breccias contain trace amounts of disseminated sphalerite. Hole 1229-40 has been collared 80m to the SE of 1229-39.

Interestingly, the geological structure has proven more complicated than expected as the Moyvoughly Fault has not yet been intersected in the current drilling programme. The Fault is believed to cross the current exploration area and to have a reversed throw of approximately 150m. To the north-east, on PL 1228, previous drilling indicates the Fault is present with a down-throw of approximately 180m to the north, while on PL 3581, further north, the fault was intersected by previous drilling with a throw of 300m.

FINANCIAL RESULTS - THIRD QUARTER ENDED SEPTEMBER 30, 2016

For the nine month period ended September 30, 2016, the Company recorded a loss of $795,000 compared to a loss of $146,000 for the same period ended September 30, 2015. The loss for the nine month period ended September 30, 2016 included a foreign exchange loss of $128,000 compared to a gain of $503,000 for the period ended September 30, 2015.

For the three month period ended September 30, 2016, the Company recorded a loss of $282,000 compared to a loss of $225,000 for the same period ended September 30, 2015. The loss for the three month period ended September 30, 2016 included a prior year income tax adjustment of $83,000 and a foreign exchange loss of $29,000 compared to a loss of $47,000 for the period ended September 30, 2015.

Administrative expenses, excluding foreign exchange, for the nine month period ended September 30, 2016 amounted to $611,000 compared to $680,000 in the same period in 2015. During the nine month period ended September 30, 2016 Minco invested $557,000 on exploration of its mineral properties, of which the largest amounts were expended on the Buchans zinc lead project in central Newfoundland.

This news release should be read in conjunction with Minco's unaudited Financial Statements and Management's Discussion and Analysis (MD&A) for the nine months interim period ended September 30, 2016, which are available on the Company's website at www.mincoplc.com, or on SEDAR (www.sedar.com).

ANNUAL GENERAL MEETING VOTING RESULTS

Details of the proxy votes for each Resolution voted at the AGM held on November 25, 2016 are set out below:

Proxies giving discretion to the Chairman have been included in the totals of votes in favour of each Resolution. The full text of each Resolution was included in the Notice of the Meeting sent to shareholders.

ABOUT MINCO PLC

Minco Plc, incorporated in the Republic of Ireland and listed on the AIM Market of the London Stock Exchange ("AIM: MIO"), is an exploration and development company currently engaged in zinc-lead exploration in Canada, the United Kingdom and Ireland, and is also evaluating its Woodstock manganese project in New Brunswick, Canada.

Minco also holds an approximate 26% shareholding in Xtierra Inc., (TSXV- "XAG"), which holds mineral properties in Mexico, and a 2% NSR royalty on the Curraghinalt gold property in Northern Ireland, currently being explored by Dalradian Resources Inc. (TSX- "DNA").

For further information, contact:

John F. Kearney: Chairman +1 416 362 6686

Danesh Varma: CFO & Company Secretary +44 (0) 8452 606 034

Peter McParland: Director - Ireland +353 (0) 46 907 3709

Warren MacLeod: Director, President Buchans Minerals +1 709 725 0555

John Frain: Davy (NOMAD) +353 (0)1 6796363

Saif Janjua: (Corporate Advisor) (Broker, Beaufort Securities) +44 (0) 20 7382 8415

Website: www.mincoplc.com