Herencia Resources Regulatory News (HER)

Herencia Resources plc

Geophysical Survey Identifies New Targets

at the Picachos Copper Project

Drilling intersects copper mineralisation coincident with geophysical anomalies

Highlights

· Geophysical results have identified a new target approximately 200 metres east of the 40M Shaft area at the Picachos Copper Project in Chile

· The new target is over 1,000m in length north-south and appears to extend north into the Santa Rosa area and remains open to the south.

· Stage I drilling in May 2014, which intersected high grade copper mineralisation around the 40M Shaft area, is coincident with the interpreted geophysical anomalies.

· Stage II drill program currently progressing on schedule and within budget

· Samples for the first eight drill holes currently in the assay laboratory

Herencia Resources plc (AIM:HER), the Chile-focussed mineral exploration and development Company, is pleased to advise that following the successful completion of a Geophysical Survey Program at its advanced Picachos Copper Project ("Picachos" or the "Project"), reports by Geodatos (Chile) and Resource Potentials (Australia) have been received that has identified a new previously untested anomaly.

The geophysical program, involving Resistivity and Induced Polarization (IP) methods, was designed to focus on depth and lateral extensions of the high-grade copper mineralisation around the 40M Shaft area. Slide 1 in the following link shows the 40M Shaft area http://www.rns-pdf.londonstockexchange.com/rns/4767X_-2014-11-19.pdf.

The report identified two main anomalous targets, one over the 40M Shaft area and extending to the north and south, and a second new parallel anomaly approximately 200m to the east of the 40M Shaft. The new anomaly extends over 1,000m in a north-south direction with the northern extension potentially linking into what is known as the Santa Rosa prospect.

The current Stage II drilling program of reverse circulation ("RC") and diamond drilling ("DDH"), commenced early in the month (as reported in RNS dated 6 November 2014) . To date a total of eight holes have been delivered to the laboratory for analysis. Significant copper mineralisation was observed in the first diamond drill core (DDH14001), which coincides with the 40M Shaft anomaly. Slide 2 and Slide 3 in the following link show the 20 millirad geophysical image of the 40M Shaft anomaly http://www.rns-pdf.londonstockexchange.com/rns/4767X_-2014-11-19.pdf.

The 40M Shaft anomaly extends north and along strike from the 40M Shaft, into what is known as the Flor Del Bosque prospect with most of the anomaly yet to be tested by drilling.

The current drill program is looking interesting with copper-sulphide mineralisation observed in the majority of holes drilled to date - assays are awaited. Photographs of the drill program and the copper mineralisation observed are available on the Company's website www.herenciaresources.com.

 Managing Director, Graeme Sloan, commented on the ongoing results:

"The identification of several new target zones from the recent geophysical survey is most encouraging, especially given how close the new target is to the 40M Shaft area. When you consider the northern extension of the 40M Shaft target, and that the vast majority of the new target area is yet to be tested by drilling, it certainly augurs well for the Resource potential in this area and the possibility of a much larger open pit.

Located along strike of the new anomaly are numerous old, shallow mine workings, some showing quite high surface grades. With the Stage II drill program focused primarily on infill drilling around the 40M Shaft area to establish a resource, drilling of this new anomaly will be left to a future drill campaign.

The first assay results from the current Stage II drilling should be with us later next week, so we are looking forward to releasing them to the market."

About the Picachos Project

The Picachos Project is located approximately 50km south east of the coastal city of La Serena, 8km west of both the existing Andacollo copper-gold project operated by Teck Resources and the mining town of Andacollo (population approximately 10,000 people), and 10km south of the privately owned Tambillos copper mine. The Project is very well positioned for infrastructure with existing high voltage power located approximately 3km east of the Project area and serviced by two all-weather access roads.

Small scale mining is currently being undertaken by private miners via small open pit and underground mining operations. Ore is being trucked to a Chilean government owned processing plant (ENAMI plant) where it is processed. This mining will continue up until such time as the Option to fully acquire Picachos is exercised (at Herencia's discretion) and is seen by the Company as an excellent mechanism to achieve geological and grade data across many zones of mineralisation.

A review of available data and Herencia's own geological and drilling programs have confirmed multiple zones of copper mineralisation with a combined strike length of over 8km contained within the Project area. In some areas the close relationship of these zones coupled with multiple occurrences of out-cropping wide zones of mineralisation, highlights the excellent potential for large scale open pit mining to take place at Picachos. Historic mining has focused mainly around the high grade structures, however in some areas the mantos have been mined up to 50m wide. Mineralisation generally commences from one to five metres below the surface and appears open at depth.

About Herencia

Herencia Resources plc, is an AIM quoted exploration and development company operating in Chile. In addition to the Picachos Copper Project, the Company has a Joint Venture with OZ Minerals at the Guamanga Project and it has it's 70% owned Paguanta Project, a high grade silver-zinc-lead project located in northern Chile. The Company's corporate office is located in Perth and the main technical and management office is located in Santiago, Chile where it has been operating for over eight years.

For further information, please contact:

Graeme Sloan, Herencia Resources plc +61 8 9481 4204

Katy Mitchell, WH Ireland Limited +44 161 832 2174

References in this announcement to exploration results and potential have been approved for release by Mr Graeme Sloan (BAppSc Mining Engineering WASM) and Mr Antonio Valverde (Bsc Geology Universidad Complutense de Madrid), who have more than 20 years relevant experience in the field of activity concerned. Mr Sloan is a Member of the Australasian Institute of Mining and Metallurgy. Mr Sloan and Mr Valverde have consented to the inclusion of the material in the form and context in which it appears.

Further background details on the Company can be found at www.herenciaresources.com

**ENDS**