Holding(s) in Company

Metals Exploration PLC
01 May 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):  Metals Exploration Plc

.................



2. Reason for the notification (please place an X inside the appropriate bracket
/s):



An acquisition or disposal of voting rights: ( X )



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (    )



An event changing the breakdown of voting rights: (  )



Other (please specify) :  (  )

.................



3. Full name of person(s) subject to the notification obligation (iii):  

FMR Corp




4. Full name of shareholder(s) (if different from 3.) (iv): Mellon Bank NA

.................



5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):  23 March 2007

.................



6. Date on which issuer notified:

.................



7. Threshold(s) that is/are crossed or reached:  5%

.................



8. Notified details:

.................



A: Voting rights attached to shares


Class/type of shares if possible           Situation previous to the Triggering transaction (vi)
using the ISIN CODE
                                  Number of shares                   Number of voting Rights (viii)


ISIN GB00B0394F60                 3945316                            3945316





Resulting situation after the triggering transaction (vii)


Class/type of shares if      Number of shares         Number of voting rights (ix)      % of voting rights
possible using the ISIN CODE
                             Direct                   Direct (x)   Indirect (xi)        Direct      Indirect




ISIN GB00B0394F60                                                   3,513,916                        4.58%



B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.








Total (A+B)
Number of voting rights        % of voting rights


3,513,916                      4.58%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

Proxy Voting:

FMR Corp, which is the parent holding company of Fidelity Management & research
company (FMRCO) and Fidelity management Trust Company (FMTC)





10. Name of the proxy holder: FMR Corp

.................



11. Number of voting rights proxy holder will cease to hold: 431,400

.................



12. Date on which proxy holder will cease to hold voting rights: 23rd March 2007

.................



13. Additional information:



14. Contact name:

Steven Smith





15. Contact telephone number:

07797 721 858





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