Holding in Company

Metals Exploration PLC
30 March 2006


                     Metals Exploration Plc ('the Company')

                      Notification of significant holding


30 March 2006


Under sections 198 to 202 of the Companies Act 1985 and rule 17 of the AIM Rules
the following information falls to be disclosed.


The Company was notified of the following shareholdings:


  Ordinary Shares of 1           Registered Name         Date Company notified     Percentage of issued
     pence each held                                                               share capital of the
                                                                                          Company
        3,596,500           Cantor Fitzgerald Europe         28 March 2006                 7.05






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