NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.3

(1) An issuer making a notification in respect of a transaction relating to the
shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director
/person discharging managerial responsibilities should complete boxes 1 to 3
and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should complete
boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes should in block capital letters.

1. Name of the issuer

2. State whether the notification
relates to

(i) a transaction
notified in accordance with DTR
3.1.2 R;

(ii) a disclosure made in
accordance with LR 9.8.6 R(1), or;

(iii) a disclosure made in
accordance with section 793 of the
Companies act (2006)

Bisichi Mining plc (i)

3. Name of person discharging managerial responsibilities/director

4. State whether notification relates to a person connected with a person discharging managerial
responsibilities/director named in 3 and identify the connected person

Robert Corry

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a
non-beneficial interest

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

7. Name of registered shareholders(s) and, if more than one, the
number of shares held by each of
them

8 State the nature of the transaction

9. Number of shares, debentures or financial instruments relating to

10. Percentage of issued class acquired
(treasury shares of that class
shares acquired should not be taken into account when calculating percentage)

11. Number of shares, debentures or financial instruments relating to

12. Percentage of issued class disposed(treasury shares of that class
shares disposed should not be taken into account when calculating percentage)

13. Price per share or value of

14. Date and place of transaction
transaction

15. Total holding followinnotification and total percentage
holding following notification (any treasury shares should not be taken into account when calculating percentage)

16. Date issuer informed of transaction

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17 Date of grant30 September 2002

18. Period during which or date on
which it can be exercised
30 September 2005 to 29 September
2012

19. Total amount paid (if any) for grant of the option £27,200

20. Description of shares or
debentures involved (class and
number)

80,000 Ordinary 10p shares

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise34p per Ordinary 10p share

22. Total number of shares or debentures over which options held following notification

Nil

23. Any additional information

24. Name of contact and telephone
number for queries

Options exercised 27 September
Heather Curtis,
Company Secretary
2012
020 7415 5030

Name and signature of duly authorised officer of issuer responsible for making
notification

Heather A Curtis – Company Secretary

__________________________________________________________

Date of notification 1 October 2012

BISICHI MINING PLC
(“Bisichi” or the “Company”)

Replacement Share Scheme and Grant of Options to Director

The Company announces that on 28 September 2012 the Remuneration Committee of
the Company adopted the rules of an Unapproved Executive Share Option Scheme
(the “2012 Share Option Scheme”) in replacement of the Unapproved Executive
Share Option Scheme which was adopted on 15 June 1999 (“1999 Share Option
Scheme”).

Existing options over ordinary shares in the Company of 10 pence each (“Options”) granted under the 1999 Share Option Scheme lapsed on 29 September 2012.
Replacement Options could not be granted under the 1999 Share Option Scheme as
the period for new grants under this scheme had expired. Accordingly, the
Remuneration Committee approved the adoption by the Company of the new 2012
Share Option Scheme with similar rules to the 1999 Share Option Scheme. Set out
at the end of this announcement is a summary of the principal differences
between the two schemes.

Grant of replacement Options to Andrew Heller

The only Options issued under the 1999 Share Option Scheme (“1999 Options”)
that were still in existence on 29 September 2012 were as follows:

Recipient              Position            Number of 1999          Exercise price per
.                                                         Options                         Ordinary Share

Andrew Heller      Managing            233,000                       34p
.                            Director

Following the adoption of the replacement 2012 Share Option Scheme, the Company
has granted the following Options under the 2012 Share Option Scheme to Andrew
Heller (“2012 Options”), the managing director of the Company, in replacement
for the 1999 Options set out above. The 2012 Options are exercisable at any
time during the next 10 years and are subject to the rules of the 2012 Share
Option Scheme.

Recipient            Position         Date of    Number of         Amount paid       Exercise
.                                                    grant        2012 Options    for grant of        price per
.                                                                                                  option                 Ordinary
.                                                                                                                               Share

Andrew            Managing       1 October       233,000              Nil                     34p
Heller                Director          2012

For further information contact:

Heather Curtis
Company Secretary,
Bisichi Mining plc 020 7415 5030

Principal differences between the 2012 Share Option Scheme and the 1999 Share
Option Scheme

The 2012 Share Option Scheme has similar terms to the 1999 Share Option Scheme.
However certain amendments were necessary, in particular to ensure that the
replacement grants could operate as an extension of the 1999 Share Option
Scheme grants so far as possible. The principal amendments to the 1999 Share
Option Scheme are that:

* Options can now be exercised under the 2012 Share Option Scheme before 3
years after the date of grant;

* Options can now be granted under the 2012 Share Option Scheme for less than
the market value of the shares being put under option at the date of the
grant;

* there is no requirement for the Company to impose performance conditions in
respect of any new grant under the 2012 Share Option Scheme. However, it is
possible for the Company to impose performance criteria at the date of
grant. No performance criteria were imposed in respect of the Options
granted to Andrew Heller under the 1999 Share Option; and

* the dilution limits in the 2012 Share Option Scheme have been simplified.
Under the 2012 Share Option Scheme the number of ordinary shares in the
Company which may be put under option on any day shall not, when aggregated
with the number of ordinary shares put under option in the previous ten
years under the 2012 Share Option Scheme and any other employees’ share or
share incentive scheme adopted by the Company, exceed ten per cent. of the
ordinary shares in the Company in issue immediately prior to that day.