Additional Listing

Metals Exploration PLC Additional Listing Metals Exploration PLC (the "Company") announces that it has issued and allotted 200,000 new Ordinary Shares of 1p each pursuant to a memorandum agreement dated 1st February 2005 between the Company and Christian Mining Inc ("CMI"). The new Ordinary Shares represent part of the final instalment of the consideration payable for the purchase from CMI of 20% of FCF Mining Corporation, which holds the Mining Rights in the Runruno gold-moly project in the Philippines. The other part of the consideration is in the form of a cash payment of US$20,000. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of 1p each in the Company and trading of these shares on AIM is expected to commence on the 13th February 2008. The Company's issued share capital consists of 91,773,795 ordinary shares of 1p each, with one voting right per share. There are no shares held in treasury. 7 February 2008 Further information, please contact: Metals Exploration Tel: +44 (0) 7747 101 552 Jonathan Beardsworth Collins Stewart Europe Limited Tel: +44 (0) 207 523 8350 Adrian Hadden / Oliver Quarmby Pelham PR Tel: +44 (0) 207 743 6672 Charles Vivian ENDS ---END OF MESSAGE---