secures final strategic link in

This company is moving forward well. Exciting news!
Angers

AMPELLA SECURES FINAL STRATEGIC LINK IN
BATIE WEST SHEAR ZONE
Strategic acquisition immediately along strike from Ampellas

1.2m oz maiden resource at Konkera
HIGHLIGHTS
X Acquisition of two strategic Permits to lock up the 110km long Batie West shear zone

X New Permits host the shear zone which extends for 10km immediately along strike from the 1.2moz Konkera deposit

X Preliminary rock chip samples from these Permits have returned up to 18g/t gold

X Aggressive exploration program to commence immediately
Ampella Mining Limited (ASX: AMX, AMXO) is pleased to announce that it has entered into an agreement to acquire two strategically important mineral Permits at its Batie West Project in Burkina Faso, West Africa.

The new Permits, known as Niorka and Bottara, are situated in a key position at the centre of Ampellas existing Batie West Project and cover approximately 10km of the Batie West shear zone.

The new Permits cover an area of approximately 400 sq. km and bring the total area available to Ampella in the Batie West region to approximately 1,800 sq. km (see Figure 1).
The Niorka Permit lies adjacent to and to the east of the Tiopolo Permit, which hosts the new Konkera Prospect, where a maiden 1.2 million ounce gold inferred resource was announced on 21 January 2010.

Gold mineralisation at Konkera is contained on approximately 3km of the Batie West shear. This shear is interpreted to continue eastwards into the Niorka Permit, where very recent, largescale artisanal gold workings continue for an additional 4km. These artisanal diggings have exposed silica-carbonate-sericite-pyrite alteration in intensely deformed volcanoclastics containing quartz veins and late stage porphyry intrusions similar to that observed at the Konkera Prospect.

Preliminary rock chips over this 4km stretch have returned results up to 10 g/t gold (see Figure 2).
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No modern day exploration has been done at the Niorka Permit. A high-grade gold discovery in February 2009 resulted in a gold rush involving more than 30,000 artisanal miners at a new prospect site called Tonior on the Niorka Permit (see Figure 3).

Rock chip samples collected by Ampella at the Tonior artisanal site displayed gold values ranging up to 18g/t gold.
The Niorka and Bottara Permits are underlain by Birimian-age volcano-sedimentary successions intruded by quartz-feldspar porphyry dykes along major crustal gold bearing structures V the same geological setting as other major West African gold deposits.

Ampella aims to commence aggressive exploration work over the new Permits immediately. Work will comprise airborne geophysics (magnetic and radiometrics), together with auger and soil geochemical programs to better understand the importance of the high-grade artisanal mineralisation and to define drill targets for future programs.

Ampella Managing Director Dr Paul Kitto said he was delighted with the acquisition of these two new permits. These new tenements have enormous potential to extend the rich Konkera deposit, which we know runs right up to their boundary, Dr Kitto said. They fill a strategic position in Ampellas already dominant land position along the 110km long gold-bearing crustal suture in the south-west region of the Boromo Greenstone Belt. We are all looking forward to the exploration of these new
areas, which are particularly exciting, even in the context of what is already evident at Batie West.

Ampella has the right to acquire 100% of the Permits from a local vendor by completing 3 staged payments. Ampella will acquire 51% of the Permits by paying US$200,000 per Permit. Ampella can then elect to acquire 100% of the Permits by making a further payment of US$150,000 per Permit.

If Ampella elects to acquire 100% of the Permits then it must make a further payment of $150,000 per Permit on the anniversary of the transfer of the Permits to Ampella. Ampella has the ability to accelerate the payments to immediately transfer the Permits. A 1.5% net smelter royalty applies of which Ampella can buy back half for US$1 million. The acquisition costs will be funded out of
existing cash reserves.