Issue of Equity

23 Aug 2006 17:17

Metals Exploration PLC23 August 2006 Metals Exploration PLC Exercise of Warrants Metals Exploration PLC ("the Company") announces that it has issued and allotted800,000 new Ordinary Shares of 1p each at a price of 3.25 pence per share,pursuant to an exercise of warrants. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesof 1p each in the Company and trading of these shares on AIM is expected tocommence on 30th August 2006. The total number of Ordinary Shares in issue following this exercise of warrantsis 55,719,000. Further information Steven Smith Tel: +44 (0) 7797 721 858Chairman, Metals Exploration PLC Jonathan Anderson Tel: +44 (0) 7950 410 680Investor relations Adrian Hadden Tel: +44(0) 20 7523 8350Collins Stewart Limited ENDS This information is provided by RNS The company news service from the London Stock Exchange