CORRECTION - Anglo Pacific Group PLC: Trading Update

LONDON, UNITED KINGDOM--(Marketwired - Jan 9, 2015) - In the news release, "Anglo Pacific Group PLC: Trading Update," issued earlier today by Anglo Pacific Group PLC (LSE: APF) (TSX: APY), we are advised by the company the percentages in the first sentence of the second paragraph under the 'Kestrel' subheadline should read "70% to 75%" rather than "35% to 40%" as originally issued. The website link at the bottom of the release has also been revised to http://www.rns-pdf.londonstockexchange.com/rns/7957B_1-2015-1-9.pdf. Complete corrected text follows.

LSE: APF; TSX: APY
News Release
January 9, 2015

Anglo Pacific Group PLC: Trading Update

LONDON, UNITED KINGDOM -- Jan 9, 2015 -- Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF) (TSX: APY), the London and Toronto listed royalty company, issues the following trading update, along with certain unaudited financial information, for the twelve months ending December 31, 2014.

• Anglo Pacific faced challenging commodity market conditions during 2014. However, the number of royalties over mines currently at the production stage increased from three to five and the Company generated cash through disposals of non-core equity investments
• Gross royalty income expected to be in the region of £3.2m to £3.6m for 2014
• Gross proceeds from disposals of non-core equity and debt investments of approximately £8.7m
• Cash and cash equivalents of approximately £8.8m as at December 31, 2014
• Anglo Pacific expects royalty income from Kestrel to increase substantially as mining re-commences within our royalty lands during 2015

Julian Treger, Chief Executive Officer, commented:

"We expect a further ramp up in production levels at Rio Tinto's Kestrel mine during 2015, and expect tonnage mined within our lands to increase substantially in 2015 with these trends continuing into 2016 and 2017.

The challenges facing natural resource companies are increasing the demands for alternative financing as reflected by the increasing number of prospective royalty acquisition opportunities in the Anglo Pacific pipeline."

Producing royalties

Kestrel

Kestrel mined approximately 5% of production within the Company's royalty lands during H2 2014, based on current information from Rio Tinto. This was impacted by the Kestrel mine experiencing lower than expected production levels in 2014 as a result of a slower than expected production ramp-up and a panel change out during Q4 2014 that was not expected in previous guidance for production from the Company's royalty land. We expect to see higher levels of production during 2015 following completion of the panel change out.

Anglo Pacific expects production within the Company's royalty lands from the Rio Tinto Kestrel mine to be in the range of 20% to 25% for H1 2015 and 70% to 75% for Q3 2015 based on Rio Tinto guidance. The Company anticipates that this trend of increasing production within its royalty lands is to continue throughout 2016 and 2017.

Click on, or paste the following link into your web browser, to view the associated PDF document:

http://www.rns-pdf.londonstockexchange.com/rns/7957B_1-2015-1-9.pdf