New Financing Facility

RNS Number:6119Z
Monterrico Metals PLC
04 July 2007




                             Monterrico Metals plc


                        ("Monterrico" or the "Company")



                                                                        AIM: MNA

                             New Financing Facility



The Company announces that on 3 July 2007 it entered into a loan facility
agreement (the "Loan Facility") with Xiamen Zijin Tongguan Investment
Development Co., Ltd ("Zijin Consortium"), the majority shareholder of the
Company following completion of its recommended cash offer for Monterrico.



The Loan Facility is for an aggregate amount of up to US$8,000,000 at an
interest rate of not greater than 1 per cent. above the LIBOR rate from time to
time as published by the British Bankers Association (BBA). The loan is
repayable on 29 June 2008.



The proceeds from the Loan Facility will be used to meet the working capital
needs of the Company for the remainder of 2007.



The Loan Facility constitutes a related party transaction for the purposes of
the AIM Rules. The Directors of Monterrico (other than Shan Shan (Susan) Li,
Wenzhou Huang and Xiaodong Huang who are also directors of the Zijin Consortium
and Guobin Hu, who is General Manager of Zijin Consortium) consider, having
consulted with its nominated adviser, Ambrian Partners, that the term of the
Loan Facility are fair and reasonable insofar as the Company's shareholders are
concerned.



Enquiries:

Monterrico Metals plc                             Tel: + 44 20 7776 2900
Richard Ralph, Non- Executive Chairman

Ambrian Partners Limited                          Tel: + 44 20 7776 6421
Tim Goodman

Parkgreen Communications Limited                  Tel: + 44 20 7851 7480
Simon Robinson




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