Grant of Options

Metals Exploration PLC
19 April 2006


                     Metals Exploration plc (the 'Company')

                         Grant of options to employees


19 April 2006


The Company announces today that it has granted employee share options to
certain key employees in the Philippines under the terms of its Unapproved
Option Scheme.


On 13 April 2006, in total 1,200,000 options were granted to these employees,
all exercisable at a price of 12 pence. Under the terms of such scheme, as a
general rule, options may not be exercisable for three years following their
grant. There are exceptional circumstances that justify a reduction of this
exercise period to 12 months.


Enquiries:

Steven Smith - Chairman                                     [phone]

Jonathan Anderson - Investor Relations                      [phone]

Philip Haydn-Slater - W.H. Ireland Limited                  [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange