GB00B12T7004/GBP/PLUS-exn
                                                                                           15 May 2012
                                                   
                                                   
                                         All Star Minerals plc
                                            (the "Company")
                                                   
                              Statement regarding PLUS Markets Group plc

The  Directors  of the Company note the announcement made by PLUS Markets Group plc  on  14  May  2012
regarding the orderly closure of the PLUS-quoted market over a period of up to six months.

The  Company  is  conscious of the advantages of retaining a market listing and is  working  with  its
Corporate  Adviser,  St  Helens Capital Partners LLP, to consider all the  options  available  to  the
Company. A further announcement will be made when appropriate.

The Company accepts responsibility for the contents of this announcement.

For further information please contact:
                                                   
All Star Minerals plc
Conrad Windham
Telephone: 020 3130 0674
E-mail: c.windham@allstarminerals.com
Website: www.allstarminerals.com

Corporate Adviser
St Helens Capital Partners LLP
Duncan Vasey / Mark Anwyl
Telephone: 020 7368 6959

Broker
SVS Securities plc
Ian Callaway or Alex Mattey
Telephone: 020 7638 5600