Warrants Amendment

BERKELEY MINERAL RESOURCES PLC

("BMR" or "The Company")

AMENDMENT TO WARRANT AGREEMENT

Berkeley Mineral Resources Plc, which is primarily engaged in processing mining tailings in Zambia, announces that it has agreed to amend the terms of 127,916,666 warrants issued in connection with the acquisition of stockpiles of lead and zinc tailings at the Kabwe Mine announced on 28 March 2011.

Due to the announced delay it has been agreed that that the exercise period has been extended from 24 October 2012 for a further six months until 24 April 2013.

25 October 2012

For further information please contact:

Berkeley Mineral Resources Plc

Masoud Alikhani, Chairman

020 7409 1042

Seymour Pierce

Stewart Dickson / Jonathan Wright (Corporate Finance)

Jeremy Stephenson / Richard Redmayne (Corporate Broking)

020 7107 8000

Lothbury Financial Services

Michael Padley / Gary Middleton

020 3440 7620

For further information please see the Company's website at http://www.bmrplc.comThe directors of Berkeley Mineral Resources accept responsibility for this announcement.