Trading Statement

Tertiary Minerals PLC
26 January 2000




                     TERTIARY MINERALS PLC
                               
                               
   TERTIARY ADDS TO ITS SWEDISH PORTFOLIO WITH ZINC PROJECT
             IN HISTORIC BERGSLAGEN MINING DISTRICT
                               
     Application Covers 9 Sq Kms - First New Prospect Since Aim Listing

     Previous Assays Showed Up To 18.8p.c Zinc
  
     Drilling Programme Planned For 'High Priority' Windfall Project


Tertiary Minerals plc, which is focusing its efforts  on  base
and  precious metals exploration in Sweden, has made the first
addition   to  its  portfolio  since  it  listed  on  London's
Alternative Investment Market (Aim) in September, 1999.

The company, through its wholly owned subsidiary Tertiary Gold
Ltd, has applied for an exploration permit covering a 9 sq. km
area surrounding old mine workings at Djuragruven in the north
east part of the historic Bergslagen mining district of south-
central Sweden.

Surface sampling at Djuragruven in the 1980s by SGAB, a former
state  owned  prospecting  company,  returned  assays  up   to
18.8p.c. zinc.   The dimensions of the mineralisation are  not
clear,  however, because of the low amount of surface exposure
in the area.

Djuragruven is located some 120km west of Tertiary's  Windfall
zinc-silver project where the company's previous drilling  has
defined   two   zones   of   open-ended,   zinc-silver    rich
mineralisation at Vindfall and Sortarnan over  400m  and  100m
respectively.    Drill intersections up to  7.7m  at  10.9p.c.
zinc  and 91g/t silver were obtained at shallow depths in  the
company's latest drilling programme.

Tertiary  says its objective is to evaluate new projects  such
as  Djuragruven  quickly, alongside exploration  of  its  core
portfolio - at present six projects in Sweden.

Windfall  remains a high priority project for the  company.  A
geophysical  test programme will begin there  on  January  31,
2000, over the known mineralisation to see if it has a clearly
identifiable  geophysical  response  which  would  allow  this
exploration  technique to be used to 'map out'  any  potential
extensions   to  the  know  mineralisation  and  to   identify
additional  drilling  targets.  A new  drilling  programme  is
planned to start at Windfall in early spring this year.

Date: 26 January 2000

Further information:

Patrick Cheetham, Executive Chairman, Tertiary Minerals
(00 44) (0) 1625 626203

Jonathan Wright or Richard Feigen
Seymour Pierce
(00 44) (0) 207 648 8700

John Greenhalgh, City of London PR Limited
(00 44) (0)171 628 5518