Issue of options

 
TIDMHMB 
 
 

Hambledon Mining Plc

("Hambledon" or the "Company")

Grant of Share Options

Hambledon announces that it granted options over a total of 3,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to Tim Daffern, Chief Executive Officer on 5 November 2010. The options are exercisable at a price of 5.625 pence per Ordinary Share, being the mid-market closing price on 4 November 2010. These options have been issued under the

Company's existing unapproved employee share option scheme.

1,000,000 options shall vest on 5 November 2012 and shall be exercisable for a period of two years from the date of vesting. The remaining 2,000,000 options shall only vest after 5 November 2012, subject to certain performance criteria being fulfilled and the Company not being in a close period (as defined by the AIM Rules for Companies) at that time. The 2,000,000 options subject to performance criteria shall be exercisable for a period of two years from the date of vesting.

The total number of Ordinary Shares under option is now 15,300,000, being approximately 2.9 per cent. of the issued share capital of the Company as it would be following the exercise of all share options.

Enquiries:

Hambledon Mining:

Telephone [phone]

Charles Zorab

Fairfax I.S. PLC:

Telephone [phone]

Nominated Adviser and Broker

Ewan Leggat / Laura Littley