Response to Press Comment,etc

SILVERMINES GROUP PLC
13 September 1999


SILVERMINES GROUP plc ('Silvermines' or 'the Company')


In the light of recent press speculation, the Board of Silvermines wishes to
state that it is not in discussions regarding a possible offer for the
Company.

The Board is continuing to work to implement its previously announced strategy
of disposing of non-core activities. 

Enquiries:

Silvermines Group plc                    0116 222 2111
Ian Scott Gall

Luther Pendragon
Andrew Sharkey/Emmanuel Kenning          0171 353 1500