Article and Share Price Rise

Alecto Energy plc ('Alecto Energy' or 'the Company')

News Article and Share Price Rise

The Board of Alecto Energy (the "Board") notes the article published by Bloomberg on 15 October 2010 which states that Alecto Energy, via its wholly owned subsidiary Alecto Holdings International Limited, has been granted gold exploration licenses in the central Wad Amour area of Mauritania. In addition, the Board also notes the rise in the Company's share price this morning.

The Board wishes to state that it has not received any confirmation from the Mauritanian government that its licence applications have been accepted. Further announcements in this regard will be made at the appropriate time.

**ENDS**

For further information on the Company, visit: www.alectoenergy.com or contact: