Share Price Movement

Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development

4 December 2013

Alecto Minerals plc (the "Company")

Share Price Movement

Alecto Minerals plc, the AIM listed African focussed multi-commodity exploration and development company, notes the substantial increase in the price and trading volume in the shares of the Company as at the date of this announcement and wishes to state that it is not aware of any reason for such movement other than its positive exploration update announced on 25 November 2013. The Company can confirm that a drill rig is on site at the Kossanto gold project as previously announced on 25 November 2013 and the company awaits results from the drilling programme.

**ENDS**

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