Company Information for Hambledon Mining Plc

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Company Statement

Hambledon Mining plc is an AIM-listed gold mining and exploration company which is developing the Sekisovskoye gold deposit and owns the Ognevka processing plant, both of which are close to Ust Kamenogorsk in East Kazakhstan.

At Sekisovskoye, the Company is mining from an open pit and constructing an 850,000 tonnes per year treatment plant. Production from the open pit will average over 40,000 ounces per annum. After the start of open pit processing, the Company plans to develop the much larger underground resource which is expected to lead to a combined production rate of around 100,000 ounces per year.

The Ognevka processing plant is being refurbished and will produce concentrates containing gold, silver, copper, iron and coke from the retreatment of zinc smelter residues.

Current Operations

Sekisovka
As of the end of November 2007, the processing plant is substantially complete and it is expected that the first gold dore bar will be poured before the end of 2007 with gold being poured thereafter at weekly intervals. 160,000 tonnes of ore has been mined and is stockpiled which is sufficient for 10 weeks production at peak throughput.

Tailings dam number 1 is complete with work now proceeding on tailings dam number 2 which is due for completion by April 2008. Work on the tailings dams is being performed in-house due to the high costs associated with using external contractors.

AMC Consultants (Perth, Australia) have been awarded a contract to carry out a full feasibility study on the underground mining operation.  It is planned that, subject to satisfactory conclusions of the study and receipt of necessary approvals, preparations for the development of the underground mine will start in early 2008.

Ognyovka
The refurbishment of the plant was accomplished in five months and production commenced on 29 November 2007. The company plans to reprocess the 150,000 tonnes of clinker tails that it has on site by around the middle of 2008 after which is expected that new supplies of clinker from Russia and Kazakhstan will be sourced to continue production whilst long term plans are being developed which will include the treatment of clinker, tantalum tailings and ore.

Planning for a new tailings dam has commenced based on an existing approved plan. The new tailings dam is likely to take more than one year to complete and when finished will give the capacity that the company requires to treat fresh purchased clinker and the existing tantalum tailings. Test work within Kazakhstan and overseas in internationally accredited laboratories is due to take place in the first part of 2008 that will determine the likely products and recoveries from the tantalum tails.

Due to the high cost of external contractors, the company has purchased a fleet of new trucks and loaders and second hand bulldozers to enable the clinker tails to be transported by in-house staff.

Geographical Spread

Kazakhstan

Board of Directors and Key Management

Directors
George Eccles	Chairman (Non-executive)
Chris Thomas	Non-executive Director
Nicholas Bridgen	Chief Executive
Randall Pyper	Technical Director
Baurzhan Yerkeev	Executive Director
Management
Myrzaly Tilyayev	Director of Government Relations
Neil Stevenson	Operations Manager
William Morgan	CFO & Company Secretary

Company Address Daws House 33-35 Daws Lane London, Alderney, United Kingdom NW7 4SD Telephone: +44 870 111 8778 Facsimile: +7 72331 27933 Email: contact[at]hambledon-mining.com Website: http://www.hambledon-mining.com

Additional Address/Key Contact TOO Sekisovskoye 139 Naberezhnaya Imeni Protazanova street Ust-Kamenisgorsk East Kazakhstan Kazakhstan. Telephone +7 72331 27928

Annual General Meeting July

Year End 31 December

Nominated Brokers Seymour Pierce Limited 20 Old Bailey London EC4M 7EN

Nominated Advisors Seymour Pierce Limited 20 Old Bailey London EC4M 7EN

Broker/Analyst Reports

30/11/07 - Fox Davies Capital - Flash Note
02/07/07 - Fox-Davies Capital:Initiating Coverage
20/02/07 - Collins Stewart

Major Shareholders

	Number of Ordinary shares	Percentage held
Nicholas Bridgen	89,814,320	21.13
AXA Framlington Investment Management	37,112,712	8.73
Blackrock Investment Management	30,635,333	7.21
Alzhan Shomaev	23,521,232	5.53
Morley Fund Management	22,159,666	5.21
Hermes Pensions Management	14,853,000	3.50
Majedie Asset Management	13,450,000	3.17

Related News

05/12/07 - Hambledon Is Nearly There, But The Going Has Not Been Easy
27/06/07 - Hambledon Mining Has A Wild Card Up Its Sleeve At Ognevka
04/12/06 - Hambledon Mining Ahead Of Schedule For Development Of Seviskoye Gold Project.

Most Recent Statement

12/05/08 - Sekisovskoye Exports First Gold Operational Update
01/05/08 - Sekisovskoye Fully Operational
23/04/08 - Sekisovskoye resumes full production
10/03/08 - Sekisovskoye Update – Inquiry conclusions and restart of operations
24/01/08 - Report on start-up and Board changes
19/12/07 - Gold production commences at Sekisovskoye