Completes Royalty Option and Financing Agreement with Laramide Resources Ltd

MarketwireFOR: ANGLO PACIFIC GROUP PLCLSE SYMBOL: APFTSX SYMBOL: APYAugust 13, 2012Completes Royalty Option and Financing Agreement with Laramide Resources LtdLONDON, UNITED KINGDOM--(Marketwire - Aug. 13, 2012) - Anglo Pacific Group PLC ("Anglo Pacific", the "Company")(LSE:APF)(TSX:APY) announces it has entered into a transaction with Laramide Resources Ltd ("Laramide") in connectionwith Laramide's variable rate gross revenue royalty (the "Royalty") on the development stage ISL uranium propertiesowned by Uranium Resources Inc. ("URI") in the Grants Mineral District of New Mexico, United States (the "ChurchrockProperties").In return for a facility of CDN$5 million, which is repayable in December 2015, Laramide has granted Anglo Pacific anoption to acquire a 5% gross revenue royalty (the "GRR") for an exercise price of US$15 million. As part of thetransaction, Laramide has also issued 650,000 warrants, each warrant entitling Anglo Pacific to acquire one Laramidecommon share at an exercise price of $1.35 per share on or before December 31, 2015. The CDN$5 million facility bearsinterest at a rate of 7% per annum payable quarterly in arrears.URI's most current guidance for the Churchrock Properties anticipates the imminent completion of a feasibility study,followed by construction commencing by the end of 2012, and targets initial production for late 2013 at a rate of onemillion pounds per annum starting in Section 8. The GRR also covers a portion of the adjacent Section 17 and the Mancosarea, which comprises all of Section 13 and portions of Sections 7 and 12, from where additional resources andproduction can be expected.Notes to editors:About Anglo Pacific Group PLCAnglo Pacific Group PLC is a global natural resources royalties company. The Company's strategy is to expand its mineralroyalty interests in long-life mining assets. The Company achieves this through both direct acquisition and investmentin projects at the development and production stage. It is a continuing policy of the Company to pay a substantialproportion of these royalties to shareholders as dividends.About LaramideLaramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assetsare in Australia and the United States. Laramide's portfolio of advanced uranium projects have been chosen for theirproduction potential. Its flagship project, Westmoreland, in Queensland, Australia, is one of the largest projectscurrently held by a junior mining company. Its U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in theLisbon Valley district of Utah. Its portfolio also includes joint ventures in the Northern Territory, strategic equitypositions and a portfolio of uranium royalties in the Grants Mineral District of New Mexico.Important noticeThis news release contains forward-looking statements based on assumptions and reflects Anglo Pacific Group PLC'sexpectations, estimates and projections of future events as of the date of this release. Forward-looking statementsinclude, without limitation, statements regarding the performance, prospects, opportunities, priorities, targets, goals,objectives, strategies, growth and outlook of Anglo Pacific Group PLC. Often, but not always, forward-looking statementscan be identified by the use of words such as "expects", "anticipates", "plans", "believes", "estimates", "seeks","intends", "targets", "projects", "forecasts", or variations (including negative variations) of such words and phrases,or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or beachieved.Forward-looking statements are based upon certain material factors and assumptions that were applied in drawing aconclusion or making a forecast or projection, including assumptions and analyses made by Anglo Pacific Group PLC inlight of its experience and perception of historical trends, current conditions and expected future developments, aswell as other factors that are believed to be appropriate in the circumstances. Also, forward-looking statements involveknown and unknown risks, uncertainties and other factors that are beyond the Company's control and which may cause theactual results, performance or achievement to be materially different from any future results, performance orachievements expressed or implied by such forward-looking statements. Such material factors and assumptions and risksand uncertainties include, among others, those described in the Company's annual information form dated as at June 29,2010 (available on Anglo Pacific Group PLC's website and at www.sedar.com), which are incorporated by reference intothis release and qualify any and all forward-looking statements made in this release.Although Anglo Pacific Group PLC has attempted to identify factors that could cause actual actions, events or results todiffer materially from those described in forward-looking statements, there may be other factors that cause actions,events or results to differ from those anticipated, estimated or intended. There can be no assurance that actual resultswill be consistent with these forward-looking statements. Accordingly, readers should not place undue reliance onforward-looking statements. The forward-looking statements herein relate only to events or information as of the date onwhich the statements are made and, except as specifically required by law, Anglo Pacific Group PLC undertakes noobligation to update or revise any forward-looking statements, whether as a result of new information, estimates oropinions, future events or results or otherwise.-30-FOR FURTHER INFORMATION PLEASE CONTACT:Anglo Pacific Group PLCPeter BoycottChairman+44 (0) 20 3435 7400ORAnglo Pacific Group PLCJohn TheobaldChief Executive Officer+44 (0) 20 3435 7400www.anglopacificgroup.comORLiberum CapitalChris Bowman+44 (0) 20 3100 2000ORLiberum CapitalChristopher Kololian+44 (0) 20 3100 2000ORPelham Bell PottingerLorna Spears+44 (0) 20 7861 3232ORPelham Bell PottingerJames MacFarlane+44 (0) 20 7861 3232-0-