if twiggy was running the company, page-5

London, 13th December 2007. London Mining has been
informed that Caspian Investments BVI Limited is a
100% subsidiary of Ferrous Resources Limited.
Ferrous Resources owns iron ore assets in Brazil
near London Mining`s Serra Azul mining operation
and is headed by Gordon Toll who was formerly with
Rio Tinto, Ivanhoe Mining Ltd. and Fortescue Metals
Group Ltd.

As at 12 December 2007, Ferrous
Resources held 25,121,600 shares in London Mining,
representing 25,57% of shares outstanding.

London Mining has appointed Kaupthing Singer &
Friedlander as corporate finance advisor and broker.