BLACKROCK WORLD MINING TRUST PLC - Statement re Royalty Aquisition

28 July 2014

BlackRock World Mining Trust plc (the "Company") - Royalty Acquisition

Further to the announcement made on 8 October 2013, the Board of BlackRock
World Mining Trust plc announces that the Company has now signed the agreement
in respect of a US$12m net smelter return royalty investment (the "Royalty")
with Avanco Resources Limited in respect of its whole licensed area in Carajas,
Brazil comprising Antas North deposit ("Antas North" or "Stage 1"), Pedra
Branca deposit ("Pedra Branca" or "Stage 2"), and other discoveries within
Avanco's current licensed portfolio. The purchase is conditional on the
publication of a JORC compliant reserve & resource statement, the receipt of a
mining license for Stage 1 and will only be drawn-down in parallel with debt
draw-downs.

The Royalty offers the Company a 25% royalty payment on gold production and 2%
on production of other metals including copper produced from the whole licensed
area of Stage 1 and Stage 2. A flat 2% royalty will be applied to all other
projects from the rest of Avanco's licensed area.

Whilst a relatively small investment for the Company and early stage in terms
of the profile of the Avanco mine development in Brazil, the Board believes
that this investment offers an attractive addition to the investment portfolio
as it expands by size and diversifies by assets the Company's existing royalty
holdings. This transaction would bring the total market value of unquoted investments
within the Company's portfolio to a pro forma aggregate percentage of 8.26% of
Gross Assets (as at 24th July 2014).

The Board and Manager continue to view royalties as an attractive method of
accessing mining revenues and achieving direct long term commodity price
exposure whilst stripping out cost inflation.

Further to the approval by shareholders of the Company's amended investment
policy on 21 August 2013, the Board expects that the Company will continue to
deploy capital, up to the unquoted holding limit of 20% of gross assets, in
royalty related investments as appropriate assets become available at the right
price, and will communicate further acquisitions to shareholders in due course.

Enquiries:
Alexandra Ring, Media & Communications,
BlackRock Investment Management (UK) Limited - Tel: [phone]

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