Update Key Listed Investments

RNS Number : 8694W
Cambrian Mining PLC
17 June 2008

AIM: CBM
Media Release

Cambrian Mining Plc

Update

London, 17 June 2008: Cambrian Mining Plc ("Cambrian" or "the Company" or "the Group") is pleased to provide shareholders with the
following update:

* The value of Cambrian's key listed investments is now �410.60million or �4.21 per share*. Full details are set out in the table at
the end of this announcement.

* The value of Cambrian's Western Canadian Coal Corp ("WCCC") holding is �351.3million or �3.60 per Cambrian share*

* Cambrian now holds 67,068,738 WCCC shares with the right to convert debt and options into a further 19,583,255 WCCC shares making
a total of 86,651,993.

* Cambrian is pleased to draw attention to the recent operations update provided by Coal International Plc** which highlights
current and planned production.

* Please note: The table refers to investments denominated in listed securities. In addition, Cambrian has a number of other assets,
including AGD-Costerfield, and liabilities which can be assessed by reference to the interim and full-year accounts.

**Cambrian has announced a recommended proposal for the acquisition of Coal International Plc by way of a scheme of arrangement.

- Ends -

For further information please contact:

Cambrian Mining Plc +44 20 7409 0890
Mark Burridge

Landsbanki Securities (UK) Limited +44 20 7426 9000
Jeff Keating / Fred Walsh

Seymour Pierce Limited +44 20 7107 8000
Mark Percy

Scott Harris +44 20 7653 0030
Stephen Scott

Bankside Consultants +44 20 7367 8888
Keith Irons / Simon Rothschild

About Cambrian Mining Plc
Cambrian is a diversified mining house that manages and supports operations in coal and gold/antimony mining. The Group has been
instrumental in the past three years in supporting the development of a number of mines and moving them into production. These include: the
Augusta gold and antimony mine in Victoria, Australia; the Wolverine hard coking coal mine in Western Canada; the Dillon and Brule PCI mines
in Western Canada as well as metallurgical and thermal coal mines in West Virginia, USA.

About Coal International Plc
Coal International has grown through the acquisition of coal properties which it has placed into operation and through investments in
other coal producers. Atlantic Development and Capital, "ADC" Coal International's 100% owned subsidiary, currently operates the Crooked Run
Surface mine and Silo Mains underground mine as well as the Gauley Eagle coal preparation plant and the Deepgreen West Virginia coal
recovery operation. Coal International also purchases and washes third party coals and sells into both the thermal and metallurgical coal
markets. Maple Coal Company operates two units in the Eagle No. 1 underground mine and the Katie coal preparation plant, producing high
quality metallurgical coal.

About Western Canadian Coal Corp.
Western Canadian Coal Corp. produces 3.7 million tonnes of high quality metallurgical coal from three mines located in the northeast of
British Columbia. The Company also has interests in various coal properties in northern and southern British Columbia and a 50% interest in
the Belcourt Saxon Limited Partnership, which was formed to explore and develop the Belcourt and Saxon group of properties in northern BC.
Currently, these properties provide the Company with an estimated 15 years of coal reserves at current production levels.

KEY LISTED INVESTMENTS*
16 June 2008
Shares (million) Share Price** Value
(� (�
equivalent) million)
Coal International (CLN:AIM) 33.5 0.69 23.1
35.8 0.30 10.6
Energybuild Group (EBG:AIM)
Xtract Energy (XTR:AIM) 376.8 0.03 10.1
67.1 4.08 273.6
Western CDN Coal (WTN:AIM/TSX)
102.07 29.6
Western CDN Coal - listed
debentures (WTN.DB:TSX) i)
0.6 2.20 1.3
Western CDN Coal - listed warrants
(WTN.WT:TSX) ii)
6.7 4.08 27.2
Western CDN Coal - unlisted
convertible loan iii)
Western CDN Coal - deferred FMC 4.5 4.08 18.5
settlement iv)
0.52 2.20 1.1
Western CDN Coal - unlisted
options v)
22.5 0.69 15.5
Coal International - unlisted
Convertible loan vi)

Total Key Listed Investments 410.60

Estimated Value (� million) �410.60
Estimated Value (� per share) �4.21

i) 29,000 debentures at C$29m face value, traded on the TSX. Price reflects the TSX closing price of the debentures. Cambrian has
C$'000 units of the debentures which trade as C$'00 units.

This is convertible at C$4.00 / share = 7.25 million shares.
ii) Options to convert into 612,500 shares of C$3.25 until 28 December 2012. The table above represents the current market price of
the option.

iii) Convertible into 6,666,667 shares, at C$0.75 each. The table above represents the market price of the new shares if converted.

iv) Option to receive 4,534,088 shares at C$3.10 equivalent or C$14,055,67 in cash before 30 September 2008. The table above
represents the current market price of the shares, if received.

v) Options to convert into 520,000 shares of C$3.25 until 30 September 2008. The table above represents the nominal value of the
options based on the closing market price of WTN less the option exercise price.

vi) Convertible at �0.60 / share = 22.5 million shares. The table above represents the current market price of the shares, if the
loan was converted.

* This table refers to investments denominated in listed securities. In addition, Cambrian has a number of other assets, including
AGD-Costerfield, and liabilities which can be assessed by reference to the interim and full-year accounts.

** � equivalent closing market price as at 16 June 2008

This information is provided by RNS
The company news service from the London Stock Exchange

END

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