Metals Exploration PLC: Issue of Equity | Company Announcements

Friday 05 June, 2009

Metals Exploration PLC

Issue of Equity





                       METALS EXPLORATION PLC

                           ISSUE OF EQUITY


The Directors  of Metals  Exploration  plc ("the  Company")  announce
that, following the receipt of a notice of exercise of options in the
Company at  12p  per  share,  they have  today  allotted  50,000  new
ordinary shares of 1p each in the Company.

Application has been made for the  new shares to be admitted to  AIM,
which is expected to take place on 10 June 2009.

Following the exercise of the options, there are 215,072,382 ordinary
shares of  1p in  issue with  each share  carrying the  right to  one
vote.


Enquiries:


Metals Exploration  plc       +44 (0) 20 7963 9540
Jonathan Beardsworth (CEO)

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

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