28 September 2012
                                        Colombian Mineral Resources Plc
                                           ("CMR" or the "Company")
                                                       
                         Clarification Regarding Placing of 27,500,000 Ordinary Shares
                                                       
The  Directors of Colombian Mineral Resources Plc wish to issue the following clarification in respect  of  the
placing  of  27,500,000  Ordinary Shares of Euro 0.001 each at GBP 0.35 (Euro  0.425)  per  share  to  Nordkapp
Inversiones Sociedad de Valores, S.A., ("Nordkapp") as incorporated within the Admission Document published  by
the company pursuant to its admission to trading of the Ordinary Shares on the PLUS-Quoted Market, such trading
having commenced on 28th March 2012.

On  28th March 2012 Nordkapp informed the company that they were not in a position to pay GBP 9,625,000 to  CMR
in  fulfillment of their obligations under the aforementioned placing. The company sought the immediate  return
of the 27,500,000 placing shares from Nordkapp and was successful in doing so.

The  Directors identified a substitute placee, namely Aerospace & Defence Partners Limited ("ADP") who not only
agreed  to  fulfill the obligations under the previous placing agreement but at a higher placing price  of  GBP
0.38 (Euro 0.46) per share and also agreed to pay interest to the Company at Euribor plus 5% in respect of  all
monies  due under the revised placing agreement, in the event of any delay in the payment of the placing  funds
to CMR. The new agreement entered into by the company and ADP allows for the payment of the placing proceeds in
six  consecutive quarterly payments in arrears, commencing on 4th April 2012. The first principal payment being
GBP 1million followed by five equal principal payments of GBP 1.89 million, some or all of which can be paid in
advance  and in addition any interest that may become payable under the revised placing agreement. ADP  is  one
of  the investment vehicles of a major Spanish institution with over 4,500 members. To date all amounts due  on
foot of this revised placing agreement have been received.

As  disclosed in the Admission Document ADP had an interest in 5,000,000 (3.632%) of the Ordinary Shares in CMR
at the date of admission to trading and following its assumption of the placing obligations of Nordkapp and the
transfer of the 27,500,00 Ordinary Shares to ADP, this interest increased to 23.61%.  The Chairman of CMR,  Mr.
Ignacio  María  Ozcariz Arraiza, is a Director and  a member of, but not a shareholder of ADP and  consequently
has  an indirect non-beneficial interest in the shares placed with ADP under the revised placing agreement, and
therefore is considered to be a related party in the context of this announcement.

The  Directors  consider the new placing arrangement to be of considerable benefit to the  company  and  remain
confident  that  on foot of this revised placing agreement, the company has access to adequate working  capital
sufficient to meet its planned expenditure and ongoing commitments for a period of at least twelve months  from
the date of admission (28th March 2012) to trading on PLUS-Quoted Market.



The Directors of the Company accept responsibility for the announcement.


ENQUIRIES:

Colombian Mineral Resources Plc                           Tel: +34 91 590 2619
Ignacio María Ozcariz Arraiza - Chairman
i.ozcariz@cmrcolombia.com

LHM Casey McGrath                                         Tel: +353 1 495 9200
Con Casey
con.casey@lhmcaseymcgrath.ie