Exercise of Share Options

BERKELEY MINERAL RESOURCES PLC

("BMR" or the "Company")

EXERCISE OF SHARE OPTIONS

Berkeley Mineral Resources Plc, which is primarily engaged in processing mining tailings in Zambia, announces that following the exercise of share options, application has been made for the admission of 670,000 ordinary shares of 1p each in the Company ("New Ordinary Shares") to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with existing ordinary shares and it is expected that admission will occur on or around 31 January 2014. Application has been made to the London Stock Exchange for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM.

Following Admission, the total number of voting rights will be 1,169,519,838 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

27 January 2014

For further information please contact:

Berkeley Mineral Resources Plc

Masoud Alikhani, Chairman

020 7408 1181

Cantor Fitzgerald Europe

Stewart Dickson / Julian Erleigh (Corporate Finance)

Jeremy Stephenson (Corporate Broking)

020 7894 7000

Lothbury Financial Services

Michael Padley / Gary Middleton

020 3440 7620

For further information please see the Company's website at http://www.bmrplc.com

The Directors of Berkeley Mineral Resources accept responsibility for this announcement.