Statement re. Suspension

CIC Mining Resources Ltd.

(the "Company")

Statement re Suspension

The Company announces that it will not be in a position to release audited financials for the year ended 31 January 2012 by 31 July 2012 in accordance with Rule 19 of the AIM Rules for Companies due to the expanded Canadian audit scrutiny process of Chinese subsidiaries. Accordingly, the trading of the Company's shares on AIM will be suspended from 8.00am on 31 July 2012 and will remain as such until the Company's accounts have been published and posted to shareholders. The directors anticipate that the accounts will be published and posted within the next twelve weeks. Further updates will be provided in due course.

CIC Mining Resources Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

Mining and energy infrastructure companies or projects will include those involved in the exploration for, and extraction of, base metals, precious metals, bulk commodities, thermal and metallurgical coals, industrial metals, hydrocarbons, renewables and new technologies, including single-asset as well as diversified natural resources companies.

The core services provided by CIC Mining Resources are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange. www.cicresources.com