Statement re Price Rise

23 Mar 2006 17:02

Tertiary Minerals PLC23 March 2006 Tertiary Minerals plc (the"Company") The directors of the Company note the recent rise in the price of the Company'sOrdinary Shares and confirm that they are not aware of any reason for such risethat has not already been announced. The board reports that negotiations with the Company's Saudi partners areprogressing satisfactorily and they continue to expect that the full jointventure agreement with the Saudi partners will to be signed by the end of thecurrent quarter as indicated in the announcement made at the time of theCompany's AGM on 31 January 2006. Further Information:Patrick Cheetham, Tertiary Minerals plc. Tel: +44 (0)1625-626203. This information is provided by RNS The company news service from the London Stock Exchange