Re Contract

RNS Number:3325K
Minco PLC
24 April 2003


                     MINCO EXPANDS IRISH MINERAL INTERESTS


Minco has acquired from Ennex International a royalty interest in the
Curraghinalt gold project in Northern Ireland.  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 per share for a period of two years and
exercisable at a price of Stg#0.10 per share for a further period of three
years.  Ennex has undertaken not to sell their 100,000 shares for one year.

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

In a separate transaction with Minco, Westland Exploration a subsidiary of Ennex
has agreed to assign to Minco its interest in four Prospecting licences in
County Westmeath, subject to the approval of the Minister of Transport, Energy
and Communications.  These licences, form part of the Moate Block in which
Westland holds a 65% interest.  On approval by the Minister Minco will hold 100%
of theses licences.

The chairman of Minco, John Teeling commented, "we continue to believe in
exploration in Ireland.  Despite high operating costs and low metal prices
Ireland remains highly prospective for zinc.  We are consolidating our licence
position.  Ireland has gold deposits.  We believe that a better future lies
ahead for gold so we are expanding our gold interests in Ireland".


               MINCO is traded on the AIM market in London (MIO)

                                  www.minco.ie


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