20 August 2009

                 Operational Update - Berong Nickel

Toledo Mining Corporation plc  ("Toledo" or the "Company")  (AIM:TMC)
advises that a third  shipment of ore was  shipped to BHP  Billiton's
("BHP") Yabulu  refinery  from the  Berong  mine on  Palawan  island,
Philippines, on 11 August 2009.  The shipment contained 48,108 tonnes
of ore at 1.5% nickel (approximately 481 tonnes contained nickel on a
dry basis) and 30% iron.

Due to severe bad weather caused by tropical storms, the transhipment
of ore from barge to the  ship moored offshore was severely  delayed.
BHP has lodged a  claim for demurrage, the  amount of which is  being
contested by  Berong  Nickel Corporation  ("Berong")  which  declared
force majeure during the ship  loading. Even taking account of  BHP's
claim, the shipment is cash positive to Berong.

Berong has now  completed the  shipment of  stockpile material  which
meets the BHP specification. Approximately 150,000 wet metric  tonnes
of ore remain on the stockpile  at Berong for which Toledo  continues
to seek customers.

The contract between Berong and BHP  calls for a minimum shipment  of
300,000 wet  metric  tonnes  per  annum to  the  Yabulu  refinery  of
Queensland Nickel.  So far this year, only approximately half of this
contracted amount has been taken

It was reported in July that  BHP has reached agreement in  principle
to  sell  the  Yabulu  refinery   to  Professor  Clive  Palmer.   The
consequences of this development for  the timing of future  shipments
from Berong to Yabulu are under discussion.

Ends.


Reg Eccles, Chairman, Toledo Mining Corporation  +44 (0) 20 7514 1480
plc
Richard Greenfield, Ambrian Partners Limited     +44 (0) 20 7634 4700
Alex Buck, BuckBias Limited                      +44 (0) 7932 740 452

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