Issue of Warrants

Tertiary Minerals PLC
21 May 2002

                             TERTIARY MINERALS PLC

                                  ('Company')


                             Director Shareholding


                               Issue of Warrants


The Company announces that it has today issued 300,000 warrants to subscribe for
ordinary shares in the Company to David Whitehead, Non-executive Director, at an
exercise price of 20p per share. The warrants are exercisable at any time until
21 May 2005.

Further Information:

Patrick Cheetham, Tertiary Minerals plc Tel: [phone]; Mobile: [phone]



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