Lapse of TAM Mining Limited option

8 August 2017

BLENHEIM NATURAL RESOURCES PLC

("Blenheim" or the "Company")

Lapse of option to acquire an equity interest in TAM Mining Limited

Blenheim advises that its option to subscribe for 7.5% of the share capital of TAM Mining Limited ("TAM"), announced on 8 August 2016, has lapsed. 

The Company held an option, exercisable by Blenheim within a period of 6 months of (i) TAM obtaining an NI 43-101 compliant resource statement; or (ii) within 12 months of the date of the agreement, whichever was sooner, to acquire, subject to certain conditions, 7.5% of the fully diluted issued share capital of TAM, by assisting TAM to raise a minimum of US$5 million. The conditions have not all been satisfied in full and the option has therefore lapsed. 

Blenheim's Chairman, Chris Ells, commented: "We are disappointed that the conditions to exercise the option were not fully satisfied within the option period. We continue to believe that the West Lumba project is highly promising and we will consider other ways to invest, whilst also reviewing other investment opportunities."

Ends

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The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.