Issue of Equity

Tertiary Minerals PLC
25 January 2005


                              Tertiary Minerals plc

                                     PLACING

Application has today been made for 6,000,000 new ordinary shares of 1p each in
Tertiary Minerals plc ('the Company') to be admitted to trading on AIM. These
shares are being issued pursuant to a placing for cash at 8p per share to raise
£480,000 (before expenses) and have been placed with an institutional client of
W.H.Ireland Limited, the Company's broker.

These funds will be used by the Company for further exploration of its mineral
projects in Scandinavia and for working capital. Dealings in the new shares are
expected to commence on 4 February 2005.




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