Change of Adviser

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

24 November 2011

Anglo Asian Mining plc ('Anglo Asian' or 'the Company')

Change of Adviser

Anglo Asian Mining plc, the AIM listed gold producer, is pleased to announce that Fairfax I.S. PLC has been appointed as Nominated Adviser and Broker to the Company with immediate effect.

**ENDS**

For further information please visit www.angloasianmining.com or contact:

Notes:

Anglo Asian Mining plc (AIM:AAZ) is a gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry. The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009. Gold production for the year ended 31 December 2010 totalled 67,267 oz of gold.

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.