IVK Investika Di

RNS Number:8240X
Toledo Mining Corporation PLC
05 June 2007





05 June 2007



                         TOLEDO MINING CORPORATION PLC

                           "Toledo" or the "Company"


                           Extension of Mining Permit




The Directors of Toledo Mining Corporation wish to advise that on the 25th May
2007 the Company made a presentation to the Department of Environment and
Natural Resources of the Philippines (DENR).

Secretary Angelo T. Reyes of the DENR and Director Horacio C. Ramos of the Mines
and Geosciences Bureau (MGB) presided  on  Toledo's MPSA (Mineral Production
Sharing Agreement) application covering the 288 hectare Berong Project (MPSA
Application APSA-IVB-047).

The Directors believe this MPSA will now be processed shortly.  This MPSA area
will also cover the current Direct Shipping Operations.

The presentation also covered the Company's other MPSA areas and the plans for
value added processing of the laterite ore. The Toledo Board of Directors have
full confidence these other MPSA areas will be processed before the end of 2007.

The Directors note the statement by the DENR today that it has approved an MPSA
for the Company's Berong nickel project and are looking forward to receiving the
supporting paperwork.



For further information contact:


Annie Richards, Toledo Mining Corporation plc            +44 (0) 20 7514 1480

Charles Vivian, Pelham Public Relations                  +44 (0) 20 7743 6670
Candice Sgroi, Pelham Public Relations                   +44 (0) 20 7743 6376
James MacFarlane, Pelham Public Relations                +44 (0) 20 7743 6375

Hugh Oram, Nabarro Wells & Co Limited                    +44 (0) 20 7710 7400




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