Toledo Mining Corporation plc

("Toledo" or the "Company") (AIM:TMC)

Fatality at Berong

Toledo has been advised of a fatal accident at the Berong mining operation, Philippines, in which Toledo has a 56.1% economic interest.  During offshore barge and tugboat operations an employee of the tugboat contractor was fatally injured.

The board of Toledo is saddened by this news and wishes to express its sincere condolences to the family of the deceased. 

TMM Management Inc ("TMM"), the Manila based company responsible for managing the Berong  mine on behalf of the joint venture partners, has launched an investigation into the accident. Toledo has offered its assistance to TMM.

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

Reg Eccles, Chairman, Toledo Mining Corporation

 +44 (0) 20 7514 1480

Katie Grinham, Toledo Mining Corporation

+44(0) 7958 765 745

Anthony Rowland / Jen Boorer, Ambrian Partners Ltd

+44 (0) 20 7634 4858

Notes to editors:

The Berong mine is held by the Berong Nickel Corporation, which is a Joint Venture with the following economic interests: Toledo Mining Corporation plc (56.1%), Atlas Consolidated Mining and Development Corporation (25.2%) and European Nickel plc (18.7%).