Exercise of Warrants

METALS EXPLORATION PLC
               ("Metals Exploration" or the "Company")

                        EXERCISE OF WARRANTS

Metals Exploration announces that it has issued and allotted  100,000
new Ordinary Shares  of 1p each  at a  price of 20  pence per  share,
pursuant to an exercise of warrants.The new Ordinary Shares will rank
pari passu  with the  existing  Ordinary Shares  of  1p each  in  the
Company.
Application has been made for the  ordinary shares to be admitted  to
trading on the Alternative Investment Market ("AIM") of London  Stock
Exchange plc. Admission  of the  new ordinary shares  is expected  to
occur on 29th June 2007.


25 June 2007

For further information, please contact:


Metals Exploration
Jonathan Anderson  Tel:   [phone]
                   Email: [e-mail]
Pelham PR
Charles Vivian     Tel:   [phone]
                   Email: [e-mail]
Candice Sgroi      Tel:   [phone]
                   Email: [e-mail]
Collins Stewart
Chris Rollason     Tel:   [phone]
                   Email: [e-mail]

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