American Stock Exchange Lists Common Stock of Rio Narcea Gold Mines, Ltd.

American Stock Exchange Lists Common Stock of Rio Narcea Gold Mines, Ltd. 


NEW YORK, Feb. 25  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today listed the common stock of Rio Narcea Gold Mines, Ltd. under the ticker
symbol RNO.

Rio Narcea Gold Mines, Ltd. is a growing mineral resource company with
operations, development projects and exploration activities in Spain and
Portugal.  In Spain, the Company is producing gold at its 100%-owned El Valle
and Carles mines and rapidly advancing the development of its 100%-owned
Aguablanca nickel-copper-PGM deposit.  Construction of the Aguablanca mine
remains on schedule for commissioning in late 2004.  The Company has also
established a new business development division to actively seek and pursue
quality investment opportunities on a global basis.

"We are pleased to welcome Rio Narcea to the American Stock Exchange," said John
McGonegal, vice president of the Amex Equities Group.  "As a global leader in
gold and mining listings, we look forward to working with Rio Narcea on building
increased investor attention within the U.S. marketplace."

"The listing on the Amex offers an excellent platform for Rio Narcea to further
raise its corporate profile and broaden its base of investors in thelarge U.S.
capital markets.  We also anticipate that our new Amex listing will further
increase our share liquidity.  We view the listing as another milestone as we
work towards our near-term objective of joining the ranks of the mid-tier mining
companies," said Alberto Lavandeira, President and CEO.

The specialist in Rio Narcea Gold Mines, Ltd. will be Kellogg Capital Group. 
For further information on RNO and other Amex-listed companies, please visit
http://www.amex.com/.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRS(SM).  In addition to its
role as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in 1993. Leading
the industry in ETF listings, the Amex lists 138 ETFs.  The Amex is also one of
the largest options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks.  For more information,
please visit http://www.amex.com/. 

DATASOURCE: American Stock Exchange



CONTACT:  Lynn Teresky of the American Stock Exchange, [phone],





Web site:  http://www.amex.com/ 

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