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Toledo Mining Corp (TMC)

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Wednesday 13 October, 2004

Toledo Mining Corp

Appointment of advisers

Toledo Mining Corporation PLC
13 October 2004

                                             13 October 2004


The Directors of Toledo Mining Corporation plc (AIM: 'TMC') wish to announce
that they have engaged Endeavour Financial to provide financial advice with
respect to its re-development and expected financing of the Toledo Copper Mine
in Cebu, Philippines. Endeavour has one of the largest investment banking teams
dedicated exclusively to the mining industry and has significant experience in
raising capital for mining projects on a global basis. Endeavour has begun work
during the completion of TMC's feasibility study with a view to evaluating the
most efficient financing plan for the re-start of the mine.

Endeavour has provided financial advisory services to the mining and minerals
industries for over 16 years. Its team of over 20 professionals operate from
offices in George Town, Vancouver and London and provide advisory capabilities
in project finance, equity arranging and corporate finance, mergers and
acquisitions and strategic business development. Chris Kyriakou, Executive
Chairman of TMC stated, 'We are pleased to have the benefit of Endeavour's team
of industry professionals and world-wide expertise and reputation behind the
re-development of the Toledo Mine'.

Chris Kyriakou
Executive Chairman

For further information contact

Annie Richards    Toledo Copper Corporation plc Tel: +44 (0) 870 010 6044
Hugh Oram         Nabarro Wells & Co Ltd  Tel: +44 (0) 20 7710 7400

                      This information is provided by RNS
            The company news service from the London Stock Exchange