Further re acquisition

RNS Number:7925Q
Minco PLC
13 October 2003

                    AIM listed precious metals explorer, Minco Plc,
                       completes the acquisition of Orca Gold


Minco has completed the acquisition of Orca Gold by issuing 35 million Minco
shares, representing 46 % of the expanded Minco equity. Orca holds silver
licenses together with options on the Laguna multimillion tonne silver tailings
deposit, all in the Zacatecas region of Mexico, and is actively negotiating gold
projects in Central Asia.

Roger Turner, former President of Nelson Gold, founder of Oxus Gold and a
founding director of Orca Gold, becomes Deputy Chairman of Minco Plc. Matthew
Dorman and Richard Thornton also join the board of Minco Plc.

John Teeling, Chairman of Minco Plc, said - "This acquisition is a powerful move
forward for Minco, as it is now an active precious metals explorer focused on
Mexico, Ireland and Central Asia. The prospects for precious metals are the best
in years and these locations host important projects and prospects. Roger Turner
also brings unsurpassed Central Asian knowledge, experience and contacts".

Roger Turner added "The new enlarged group will bring benefits to both Minco and
Orca shareholders. Minco brings an impressive portfolio of properties in Ireland
as well as access to financial markets through its AIM listing. Orca provides
Mexican precious metal assets and cash. The dedicated management team is looking
for rapid development of existing properties and is seeking gold and silver
acquisition opportunities that offer the potential for early low cost
production. We are confident that the fresh initiatives will result in an
exciting and profitable future for all shareholders."

Application has been made for the 35 million new ordinary shares to be admitted
to trading on AIM and it is expected that admission will take place and dealings
will commence on 16 October 2003. Further details concerning Roger Turner,
Matthew Dorman and Richard Thornton will be announced shortly.


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