Issue of Equity

Montag, 15.09.2008 13:15 von Hugin

METALS EXPLORATION PLC

                           ISSUE OF EQUITY


The Directors of Metals Exploration plc ("the Company") announce
that, following the receipt of a notice of conversion of warrants in
the Company at 8p per share, they have today allotted 200,000 new
ordinary shares of 1p each in the Company.

Application has been made for the 200,000 new shares to be admitted
to AIM, which is expected to take place on 19 September 2008.

Following the conversion of the warrants, there are 112,283,795
ordinary shares of 1p in issue with each share carrying the right to
one vote.


Enquiries:


Metals Exploration  plc       +44 (0) 20 7927 6690
Jonathan Beardsworth (CEO)

Hanson Westhouse Limited      +44 (0) 113 246 2610
Tim Feather / Matthew Johnson

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