Metals Exploration Regulatory News (MTL)

For immediate release

Not for release, publication or distribution, in whole or in part, DIRECTLY OR INDIRECTLY in, into or from any jurisdiction where

TO DO so would constitute a violation of the relevant

LAWS OR regulations of such jurisdiction

31 March 2011

SOLOMON CAPITAL LIMITED

("Solomon")

Delay in closing of the Cash Offer by Strand Hanson Limited on behalf of Solomon Capital Limited for the entire issued and to be issued

ordinary share capital of Metals Exploration plc ("Metals Exploration")

not already owned by Solomon Capital Limited

Solomon announces that the Metals Exploration General Meeting due to be held at 11.00 a.m. today was adjourned by Metals Exploration and will now take place at 1.00 p.m. on Monday 4 April 2011.

Accordingly, it is now expected that Accepting Shareholders will be able to exercise the Right to Rescind with effect from 5 April 2011 and that the Offer will now close on 19 April 2011.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Circular dated 8 March 2011.

Enquiries:

Solomon Capital Limited

Richard Williams Tel: +44 (0)1481 722 111 

This announcement is for information purposes only and is not intended to, and does not, constitute, or form any part of, an offer to sell or an invitation to subscribe for or purchase Metals Exploration Shares or any other securities, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.