Toledo Mining Corporation plc
                     ("Toledo" or the "Company") (AIM:TMC)
                                Grant of Options


Pursuant to the service agreement entered into on 5 May 2011 between the Company
and  Victor Kolesnikov, a director of the  Company, the Company wishes to report
that,  on 21 October 2011, it granted Options  to Victor Kolesnikov to subscribe
for  200,000 new ordinary shares of 5 pence each  at a price of 45 pence per new
ordinary  share. The  Options vest  immediately, and  must be exercised no later
than 20 October 2014.

This disclosure is made pursuant to AIM Rule 17.



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

Anthony Shewell / Alex Glover, Fin Public Relations
+44 (0) 20 7608 2280









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Source: Toledo Mining Corporation PLC via Thomson Reuters ONE

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