Issue of Equity

RNS Number:6529S
Minco PLC
01 December 2003

                    #1,003,900 PLACING AND UPDATE ON MEXICAN
               SILVER EXPLORATION AND LA LAGUNA TAILINGS PROJECT

Minco Plc is pleased to announce that it has completed a private placing to
raise #1,003,900 through the issue of 12,548,750 new Ordinary Euro0.0125 Shares at
a price of 8p per share (the "Placing).  The Placing was conducted through Rowan
Dartington and has introduced new institutional and private investors to the
Company.

The proceeds of the Placing will enable the Company to accelerate its
exploration programmes on a number of very promising precious metals prospects
in both Ireland and Mexico, continue its joint venture drilling programme on a
major base metal project in Ireland and progress negotiations on other precious
metal projects in Mexico and, Central Asia.

Application will be made for the new Ordinary Shares to be admitted to trading
on AIM and it is expected that admission will take place and dealings commence
on 5 December 2003.

Minco Plc is also pleased to be able to report that preliminary results of a
geochemical soil sampling programme, part of its continuing exploration
programme in Mexico, has resulted in the identification of a number of areas
with high silver values, at its El Milagros and El Morro properties, in
Zacatecas, Mexico.

Matthew Dorman, Chief Executive Officer said "the results to-date of Minco's
ongoing surface exploration programmes, as well as the historical high grade
mining prior to 1914, on the El Milagros and El Morro properties reinforces our
belief that there is potential for significant high grade silver mineralisation
on these properties.  Additional sampling is justified and potentially also a
drilling programme.  The financing will allow us to accelerate this work as well
as follow through on further potential acquisitions in the area.

In addition, negotiations with Mexican Authorities are progressing well on the
Laguna tailings project and we hope to be in a position to award the
pre-feasibility study on this project in early 2004".



Minco Plc

Contacts:

John Teeling,        Tel.      (+ 353) 1 833 2833
                     E-mail  [e-mail]

Roger Turner         Tel       [phone]
                     E-mail  [e-mail]


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