20 April 2012 ASX Code: AMX AMPELLA WELCOMES LEADING RESOURCES FUND TAURUS FUNDS MANAGEMENT AS CORNERSTONE INVESTOR

Ampella Mining Limited (ASX Code: AMX), the West African gold exploration and development company, is pleased to welcome specialist resources investor Taurus Funds Management Pty Limited as a substantial shareholder.
Taurus has now completed the private placement following shareholder approval received at the General Meeting held on Friday 13 April 2012. Taurus now holds in excess of 17,000,000 shares in Ampella representing 7.19% of the expanded capital structure.
Ampella Managing Director Paul Kitto welcomed the new substantial shareholder. "The participation of Taurus, a specialist resources sector investor, as a cornerstone shareholder is a strong vote of confidence in Ampella's projects, exploration and development strategies," Dr Kitto said.

About Taurus Funds Management

Taurus Funds Management is a dedicated manager of investment strategies in the mineral commodities sector, particularly focusing on early stage mining projects and companies. The Taurus team has a strong mining operational and development background.

For further information, please contact: Paul Kitto - Managing Director: +61 (0) 419 883 563 Neil Hackett - Company Secretary: +61 (0) 403 535 391 Karen Oswald/Warrick Hazeldine - Purple Communications: +61 8 6314 6300 /+61 423 602 353

Website: www.ampella.com.au

Ampella is a gold exploration and mine development company with a mission to acquire, explore, develop and mine high quality mineral assets resulting in wealth creation through efficient and responsible stewardship of its resources for the benefit of shareholders and other stakeholders in the West African country of Burkina Faso, one of the world's fastest growing gold producing regions. Ampella's management team, with over 80 years African experience, is solely focused on developing the Konkera Prospect and exploring a pipeline of high quality gold prospects across its Batie West Project.

www.ampella.com.au

Suite 22, Level 1

513 Hay Street Subiaco WA 6008

PO Box 352 Subiaco WA 6904

ABN. 59 121 152 001 phone. +61 8 6142 0980 fax. +61 8 9200 1879

email. info@ampella.com.au
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