Issue of Equity

12 Feb 2007 18:17

Metals Exploration PLC12 February 2007 Metals Exploration PLC Exercise of Warrants Metals Exploration PLC ("the Company") announces that it has issued and allotted50,000 new Ordinary Shares of 1p each at a price of 20 pence per share, pursuantto 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 the 16th February 2007. The Company's issued share capital consists of 76,594,667 ordinary shares of 1peach, with one voting right per share. There are no shares held in treasury. 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