World Mining Services Ltd

March 12, 2010 02:00 ET

Issue of Equity

                                                                                         12 MARCH 2010
                                      WORLD MINING SERVICES LTD.
                                             (PLUS: WMSP)
                                            ISSUE OF EQUITY
                                          DIRECTORS' DEALING
                                        RESIGNATION OF DIRECTOR
World  Mining  Services  Limited  ("WMS" or "the Company"), the Isle  of  Man  based  resource  sector
technology  and  service's company is pleased to announce that the Company  has  completed  a  private
placing  ("the  Placing") with Aureum Investments Limited ("Aureum") which has  raised  £50,000  at  a
placing  price  of  0.6p  per share.  The proceeds of the Placing will be  used  for  working  capital

The  Board  also  announces  the resignation of Director, Jonathan Harrison,  with  immediate  effect.
Director  Jeff Michel commented, "We thank Jonathan for helping shepard WMS to this juncture and  wish
him every success in his future endevours".

The Board announces that following the Placing, 8,333,333 new ordinary shares of 0.001p par value have
been issued and allotted to Aureum.

Dan Vanrenen, a Director of WMS, is the beneficial owner of Aureum Investments Ltd.  Aureum also has
the  rights  to acquire an additional 8,333,333 shares at 0.6p for thirty months from 11  March  2010.
Jeffrey Michel, an independent Director, having consulted with Alexander David Securities Limited, the
Company's  Corporate Adviser, considers that the terms of the related party transaction are  fair  and
reasonable insofar as the Company's shareholders are concerned.

The new ordinary shares will rank pari passu with the existing shares of the Company.
Following  this transaction, the Company now has 69,823,901 ordinary shares in issue and the Directors
of  the  Company hold 38.25% of the issued share capital of the Company;  Dan Vanrenen either directly
or  indirectly holds 27.85% of the Company, Jeffrey Michel either directly or indirectly holds 10.22%,
and  Roy  Harding  either directly or indirectly now holds 0.17%.  Jonathan Harrison holds  2.52%  and
Fundy Minerals Ltd holds 39.94% of the issued share capital.

               The Directors of the Company accept responsibility for this announcement.

WMS                                                              Tel: +44(0)207.669.4479
Jeff Michel

Alexander David Securities Limited                               Tel: +44(0)207.448.9830
Fiona Kinghorn

World Mining Services Ltd

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