Disposal

RNS Number:3268K
Ennex International PLC
24 April 2003

                            ENNEX INTERNATIONAL PLC



   Sale of royalty interest and withdrawal from exploration in Irish Midlands


Ennex International plc ("Ennex") is pleased to announce the sale of its royalty
interest in the Curraghinalt gold project in Northern Ireland to Minco plc . The
royalty consists of a Net Smelter Royalty of 2% in any gold production from the
project area. In consideration, Minco will issue to Ennex 100,000 ordinary
shares of Minco and warrants entitling Ennex to purchase 1,000,000 ordinary
shares of Minco, exercisable at a price of Stg#0.05 (five pence) per share for a
period of two years from the date of Closing and exercisable at a price of
Stg#0.10 (ten pence) per share for a further period of three years,
(cumulatively five years) from the date of Closing. Ennex has undertaken not to
sell the 100,000 shares for a period of one year from the date of Closing.

The royalty was granted to Ennex's subsidiary Summit Exploration Limited in July
1999 on the sale of Ulster Minerals Limited to Strongbow Resources Inc.
(formerly Nickelodeon Minerals Inc.). The royalty formed part of the
consideration which also included cash and shares in Nickelodeon.

The Curraghinalt gold deposit was discovered by Ennex in 1984 and was explored
and developed to the point where a resource of 470,000 million tonnes at a grade
of 17.3 grams/tonne gold had been defined. As yet the project has not been put
in production.

In a separate transaction with Minco, Ennex's subsidiary Westland Exploration
Limited has agreed to assign its joint venture interests in its Prospecting
Licences in the Irish Midlands to Minco Ireland Limited, subject to the approval
of the Minister of Communications, Marine and Natural Resources. These licences
include the Moate Block in which Westland hold a 65% interest and Minco 35%, the
Shinrone Block (Westland 5% Minco 95%) and the Rathdowney Block (Westland 95%
Minco 5%).

Westland is withdrawing from exploration in the Irish Midlands to focus on oil
and gas exploration whilst Minco wishes to continue exploration on these
licences.



For further information contact:

Christian Schaffalitzky (Director, Ennex)                    [phone]

Con Casey (Director, Ennex)                                  [phone]

Stephen Barry  (Davy Corporate Finance)                      [phone]




April 24 2003








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