🕐25.07.12 - 09:00 Uhr

BLACK MOUNTAIN RESOURCES DUAL LISTS ON AIM TODAY - DEVELOPING HIGH GRADE SILVER
PROJECTS TOWARDS Q4 PRODUCTION



Black Mountain Resources Limited Admission to AIM Highlights: * Black Mountain shares to commence trading on the London Stock Exchanges AIM market today under the code "BMZ" * Dual listing on AIM and ASX to increase exposure and broaden international investor base to accelerate the Companys growth strategy * 70% interest in three previously operating high grade silver projects located in Idaho and Montana, USA * Objective to rapidly recommence low cost silver production at Conjecture and New Departure Projects in Q4 2012 * Exclusive access to nearby silver processing mill secured for Conjecture Project, Idaho * Significant exploration upside and resource potential demonstrated at all three projects * Known areas of mineralisation, with low political risk and excellent mining infrastructure * Highly skilled Board and management team with significant operational and corporate resource experience
Black Mountain Resources Limited (ASX | AIM: BMZ) the silver focused company with three near term production projects in major silver districts in the United States, is pleased to announce that its ordinary shares will be admitted to trading on AIM effective 8:00am (GMT) on 25 July 2012 under the ticker BMZ.

An AIM admission document containing full details on the Company, including a Competent Persons Report on the Companys projects, has been prepared in relation to the listing and is available on the Companys website at www.blackmountainresources.com.au. The Company holds a 70% interest in three advanced US silver / gold projects with historic mines: the New Departure Project, Montana; the Conjecture Project, Idaho; and the Tabor Project, Montana.

All three projects have an extensive history of exploration, development and mining undertaken by previous owners.

Additionally, the projects demonstrate the potential for the delineation of significant resources through both mineralisation extensions to the historical workings and the discovery of new ore bodies.

A key objective of the Company is to commence high grade silver ore production from both the New Departure and Conjecture Projects in Q4 2012, utilising the existing underground development to facilitate access to mineralised areas and local processing mills for toll treatment of ore.

In addition, both projects currently have diamond drilling programmes underway. In July 2012, Black Mountain announced that it had signed an exclusive option for a long term lease of the Lakeview Mill, located less than 2km from the Conjecture Project.

This flotation mill is permitted and is capable of processing 300 tonnes of ore per day with minimal upgrades. Black Mountain CEO John Ryan, commented: "The completion of this dual listing represents a key milestone in the Companys corporate strategy as we focus on becoming a substantial low cost producer of high grade silver in tandem with capitalising on the significant exploration potential demonstrated across our portfolio.

Black Mountain is unique from a location, grade and cost perspective and exposure to both AIM and ASX will assist corporately with production targeted to commence at New Departure and Conjecture in Q4 this year." For further information please contact: Black Mountain Resources Limited Peter Landau Executive Director T: +61 (8) 9488 5220 Nominated Advisor RFC Ambrian Limited Stuart Laing T: +61 (8) 9480 2500 Broker (UK) Xcap Securities Jon Belliss T: +44 (0) 20 32162630 Media (UK) St Brides Media & Finance Limited Elisabeth Cowell T: +44 (0) 20 7236 1177 About Black [cid:image001.png@01CD6A38.6A7B49F0]



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