TIDMTMC 
 
7 July 2009 
 
                 TOLEDO MINING APPOINTS NEW DIRECTOR 
 
Toledo Mining Corporation plc  ("Toledo" or the "Company")  (AIM:TMC) 
is pleased to announce the appointment of Mr Jason Ann Minn Cheng  as 
a Non Executive Director of the Company. 
 
Mr Cheng  (aged  37)  is  a  director  and  shareholder  of  Daintree 
Resources Limited  ("Daintree"),  a  private  company  registered  in 
British Virgin Islands,  which is jointly  owned by Mr  Cheng and  an 
associate of Mr  Cheng. Daintree currently  holds 5,912,250  ordinary 
Toledo shares ("Shares"), representing  approximately 20.0 per  cent. 
of the Company's issued share capital. As separately announced today, 
pursuant to a conditional placing  letter, Daintree has committed  to 
subscribe for a  further 4,060,000  Shares as  part of  a placing  to 
raise  approximately  GBP3.4  million   for  the  Company.    Following 
completion of the proposed placing, for which shareholder approval is 
to be sought at  a general meeting  of the Company  on 31 July  2009, 
Daintree would hold  9,997,250 Shares  representing approximately  24 
per cent. of the Company's enlarged issued share capital. 
 
Mr Cheng is based in Hong Kong and is the Managing Partner of  Ancora 
Capital Management Limited  ("Ancora"), a private  equity firm  which 
invests in the natural resources sector in Asia. 
 
Previously,  Mr  Cheng  has  worked  in  investment  banking  in  the 
resources  sector  at  Schroders,  Ord  Minnett  and  JP  Morgan   in 
Australia,  and  was  also  based  in  Beijing,  China,   undertaking 
investment and  advisory  activities at  Jade  International  Capital 
Partners. 
 
Born and educated in Australia, Mr Cheng holds a Bachelor of Commerce 
from Melbourne  University  and a  Masters  of Commerce  from  Sydney 
University. 
 
The Board  of Toledo  believe  that Mr  Cheng's business  acumen  and 
experience will make a significant contribution to the development of 
Toledo and are pleased to welcome Mr Cheng to the Board. 
 
Details of companies and  partnerships of which Mr  Cheng has been  a 
director or partner in the last five years is set out below: 
 
 
Current Directorships 
 
Ancora Capital Management Limited 
Ancora Capital Management (Asia) Limited 
Ancora General Partner Limited 
Daintree Resources Limited 
Jade International Capital Partners Limited 
Jade International Group Pty Ltd 
Jade Property Holdings Limited 
Kerry Investment 888 Pty Ltd 
 
Past Directorships 
 
British American Eastern Beijing Ltd 
 
 
As a  result  of his  role  as  Managing Partner  of  Ancora  Capital 
Management Limited, Mr Cheng  is also a  director of various  special 
purpose vehicle  companies established  for  the purpose  of  holding 
Ancora's interest in various investee companies whereby Mr Cheng acts 
in that capacity under the direction  and control of the Ancora  fund 
manager, Ancora Capital Management Limited, and ultimately the fund's 
general partner, Ancora General  Partner Limited. A  full list of  Mr 
Cheng's directorships will be available to shareholders upon  written 
request. 
 
There is  no  further information  to  disclose in  relation  to  the 
appointment of Mr Cheng pursuant to Schedule 2, paragraph (g) of  the 
AIM Rules for Companies. 
 
For further information, contact: 
 
 
Reg Eccles, Chairman, Toledo Mining Corporation  +44 (0) 20 7514 1480 
plc 
Richard Brown, Richard Greenfield, Ambrian       +44 (0) 20 7634 4700 
Partners Limited 
 
Alex Buck, BuckBias Limited                      +44 (0) 7932 740 452 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
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