Issue of Equity

RNS Number:8487V
BDI Mining Corp
01 May 2007


London office:
Level 5
22 Arlington Street
London SW1A 1RD
England

T: +44 (0) 207 016 5106
F: +44 (0) 207 016 5101





NEWS RELEASE


                              Exercise of Warrants

LONDON - 1 May 2007 - BDI Mining Corp. ("the Company") announces that it has
received the following applications to exercise warrants:


   * 750,000 warrants exercised at 30p per share
   * 150,000 warrants exercised at 28p per share


The shares issued pursuant to this exercise will rank pari passu with all
existing Common shares in the Company.


The total number of Common Shares in issue, following this exercise of warrants
and options, will be 107,459,985. Application has been made, for these shares to
be admitted to trading on AIM and this is expected to commence on 4 May 2007.



For further information, please contact:

BDI Mining Corp.
David Lenigas (Chairman)                      Tel: +44 (0) 788 182 5378
Martin Horgan (Director)                      Tel: +44 (0) 777 867 0342

Corporate Affairs                             Tel: +61 (0) 448 812 128

General email                                 info@bdiminingcorp.com
Website                                       www.bdiminingcorp.com

Ruegg & Co. (AIM Nominated Advisor)
Brett Miller                                  Tel: +44 (0) 20 7584 3663

Hichens, Harrison & Co. (Joint AIM Broker)
Dave Paxton/Adam Wilson                       Tel: +44 (0) 20 7382 4473

WH Ireland Ltd. (Joint AIM Broker)
Philip Haydn-Slater                           Tel: +44 (0) 20 7220 1690

Parkgreen Communications
Justine Howarth / Clare Irvine                Tel: +44 (0) 20 7851 7480




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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