(ALO) Alecto Minerals

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

16 January 2012

Alecto Minerals plc ('Alecto' or 'the Company')

Drill Programme Finalised for Wad Amour Gold Project in Mauritania

Alecto Minerals plc, the AIM listed exploration and development company with gold and base metal projects in Ethiopia and Mauritania, is pleased to announce that it has finalised the design of its ~1,500m Mauritanian scout drilling programme, comprising of 12 holes, focussed primarily on targeting Iron Oxide Copper Gold ('IOCG') mineralisation at its 615 sq km Wad Amour licence located in the prospective Mauritanide mobile belt of Mauritania.  Previous rock chip sampling has returned grades of up to 5.8% copper and also gold and silver.  This campaign is designed to test the extent of the mineralisation at depth.

As outlined in the Company's announcement dated 10 October 2011, results from the Phase 2 work conducted by SRK Exploration Services ('SRK ES') highlighted three targets worthy of further exploration, with particular emphasis on the East-West trending 'Chiron' anomaly, located in the Wad Amour licence, which contains anomalous copper values over an 800m strike.  The Company's Technical Consultant, Michael Smith, will be overseeing Phase 3 of exploration which will commence in Q3 2012.  Local geologists are currently being sought to conduct the work. 

SRK ES considers that the Wad Amour licence has the potential to host significant copper/gold occurrences similar to First Quantum Mineral Limited's Guelb Moghrein IOCG deposit.  Surface mapping accompanied with favourable results from rock chip sampling and soil geochemistry indicated three mineralised areas at this target.  It is suspected that all three areas form part of a single body and the 12 hole drill programme will test whether the mineralisation extends between these surface bodies.  A number of additional holes will be placed from information gathered while drilling.  Results delivered from ground geophysics support the surface observations, indicating additional targets with no surface expression in the area; in the middle of the surface expressions of mineralisation, 350m to the SE and 900m to the NNE.  

Alecto Executive Director Damian Conboy said, "Exploration to date in Mauritania has highlighted the IOCG prospectivity of our licences and this circa 1,500m drill programme will build upon the focussed exploration work already conducted to date.  Drilling is our main priority for this current field season however, depending on time we will also implement a regional programme and conduct further geophysics and soil sampling to broaden our understanding of the area.  Importantly, we look forward to utilising our recently hired technical director Michael Smith with his extensive experience in developing projects as we press forward and strengthen our understanding of the mineralisation, with a view to building shareholder value."

**ENDS**

For further information, please visit www.alectominerals.com or contact:

Notes:

Alecto Minerals plc is an AIM listed exploration company focussed on Africa with a diverse portfolio of exploration assets in Mauritania and Ethiopia.  In Mauritania, it has three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt.  It also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia and the 945 sq km Wayu Boda gold licence in the mineral-rich central-southern Adola greenstone belt in southern Ethiopia. 

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen its knowledge of the assets and delineate targets for further exploration.  In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.

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

13 December 2011

Alecto Minerals plc ('Alecto' or 'the Company')

New Website Launch

Alecto Minerals plc, the AIM listed resource investment company focussed on Africa, is pleased to announce that it has launched a new website, which can be viewed at www.alectominerals.com.  The new site has updated information on Alecto's gold, base metal and uranium portfolio located in highly prospective regions of Mauritania and Ethiopia, which are known to host economic mineral deposits.   

All of the information required by Rule 26 of the AIM Rules for Companies is available under the heading 'Investors' in the main menu of the website.

**ENDS**

For further information, please visit www.alectominerals.com or contact:

Notes:

Alecto Minerals plc is an AIM listed exploration company focussed on Africa with a diverse portfolio of exploration assets in Mauritania and Ethiopia.  In Mauritania, it has three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt.  It also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia and the 945 sq km Wayu Boda gold licence in the mineral-rich central-southern Adola greenstone belt in southern Ethiopia. 

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen its knowledge of the assets and delineate targets for further exploration.  In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.

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

9 December 2011

Alecto Minerals plc ('Alecto' or 'the Company')

Appointment of Senior Geologist at Wayu Boda Gold Project, Ethiopia

Alecto Minerals plc, the AIM listed resource investment company focussed on Africa, has appointed a Senior Geologist to strengthen its initial reconnaissance work at its 945.5 sq km Wayu Boda Gold Project ('Wayu Boda') located in the central-southern Adola greenstone belt in southern Ethiopia.  Wayu Boda is held through the Company's wholly owned subsidiary, Rift Valley Resources Limited, following the recent acquisition.

Wayu Boda is highly prospective for gold, as demonstrated by the extensive artisanal workings on site and the evaluation of work and field visits undertaken.  Exploration will be focussed towards developing the assets through the gold resource development cycle.  It is anticipated that initial reconnaissance work will focus on the gold targets currently being worked by artisans, which includes two spatially distinct artisanal workings with extensive strikes, open along strike and at depth.  Following analysis of this work, the Company aims to commence a detailed exploration work programme.

The Company has been informed that it requires a further exploration licence for emeralds following the receipt of the gold and associated minerals exploration licence for Wayu Boda as noted on 25 November 2011.  The Company's priority focus in the near term is on developing the gold targets on site, however, it has submitted an expression of interest in gaining an additional permit for emerald exploration to the Ethiopian Ministry of Mines.

Alecto Executive Director Damian Conboy said, "The appointment of a senior geologist marks our commitment to advancing the Wayu Boda Licence.  Over the coming months, we will bolster our geological team and ramp up our work programme on site to develop our knowledge of the extensive gold mineralisation already apparent through our own assessment work and artisanal workings on the licence area."

**ENDS**

For further information, please visit www.alectominerals.com or contact:

Notes:

Alecto Minerals plc is an AIM listed exploration company focussed on Africa with a diverse portfolio of exploration assets in Mauritania and Ethiopia.  In Mauritania, it has three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt.  It also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia and the 945 sq km Wayu Boda gold licence in the mineral-rich central-southern Adola greenstone belt in southern Ethiopia. 

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen its knowledge of the assets and delineate targets for further exploration.  In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.

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

2 December 2011

Alecto Minerals plc ('Alecto' or 'the Company')

Substantial Shareholder Transaction

Alecto Minerals plc, the AIM listed resource investment company focussed on Africa, was today notified that O'Connor International Limited, a company in which independent consultant John O'Connor is a 100% shareholder, has transferred, in an off-market transaction, 8,000,000 ordinary shares in the Company, representing 4.09% of the entire issued share capital, to Turril Ireland Limited, in which O'Connor International Limited holds 50%. 

Subsequent to this transaction, O'Connor International Limited is now interested in 13,777,778 ordinary shares, representing 7.06% of the Company's total issued share capital, and Turril Ireland Limited is interested in 8,000,000 ordinary shares, representing 4.09%.

**ENDS**

For further information, please visit www.alectominerals.com or contact:

Notes:

Alecto Minerals plc is an AIM listed exploration company focussed on Africa with a diverse portfolio of exploration assets in Mauritania and Ethiopia.  In Mauritania, it has three gold and base metal development licences totalling 1,902 sq km and two uranium licences totalling 1,592 sq km in the highly prospective Mauritanide mobile belt.  It also holds the 1,953 sq km gold exploration licence in the highly prospective Aysid-Metekel region of north western Ethiopia and the 945 sq km Wayu Boda gold licence in the mineral-rich central-southern Adola greenstone belt in southern Ethiopia. 

The Company is committed to conducting exploratory work across its portfolio, designed to strengthen its knowledge of the assets and delineate targets for further exploration.  In tandem, the Board continues to evaluate a number of synergistic assets to build shareholder value.