Good morning Please find attached and see below analyst coverage from Beaufort Securities and SP Angel regarding Alecto Minerals �1.5 million placing announced today.

Beaufort has Speculative Buy target on the Company and a price target of 2p.

The funds were raised at 1.5p, which was a 50% premium to the funds raised just two months ago and the Company is currently trading at 1.95p, demonstrating shareholder support for the stock. The proceeds will be used primarily to advance the Companys flagship Kossanto Gold Project in Mali, as well as its Mauritanian IOCG assets.

A drill programme is currently nearing completion at Kossanto to increase the current resource of 107,000 oz of gold.

Recent exploration and extensive artisanal work have also highlighted the expansive potential at the Massakama Prospect, to the west of the tenure. Having JVd its Ethiopian Gold Assets with Centamin, the Company retains exposure to the upside without capital expenditure. Many thanks Lizzie SP Angel: Alecto Minerals (ALO LN) 1.82 pence, Mkt Cap �11m - New funds raised for Kossanto project in Mali � Alecto Minerals has raised �1.5m of new funds for its Kossanto gold project in Western Mali. � The funds are to further advance the Kossanto project � The company continues to drill at Kossanto to further increase its 107,000oz JORC resource � The Kossanto project was brought into Alecto from African Mining and Exploration plc, now called Savannah Resources plc. � The company still holds the original Alecto licenses in Ethiopia and in Mauritania and has signed an alliance with Centamin Egypt on a number of properties in Ethiopia. � We hope the companys focus on the Kossanto prospect does not detract from further investigation of the Wad Amour copper prospect in Mauritania and other properties in Ethiopia.
[cid:image002.png@01CECBDD.61F8A860] Elisabeth Cowell St Brides Media & Finance Ltd 3 St Michaels Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 0207 236 1177 | Mob: 07900248213 | Twitter: @StBrides1