Result of Placing

Aminex PLC
03 June 2005

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART OR IN WHOLE IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.



For immediate release

3rd June 2005





                     Aminex PLC ("Aminex" or the "Company")



      Placing and Open Offer to raise up to Stg£6.6 million (€9.7 million)





Highlights



•     Placing of 50,800,000 Ordinary Shares at Stg 8.7p per share to raise
      approximately Stg£4.4 million (€6.5 million) (the "Placing");



•     Open Offer to Qualifying Shareholders of 24,973,433 Ordinary Shares on
      the basis of 1 Ordinary Share for every 4 existing Ordinary Shares at 
      Stg 8.7p (€12.9c) per share to raise up to Stg£2.2 million (€3.2m) 
      (the "Open Offer"); and



•     Proceeds of the Placing and Open Offer to fund capital expenditure on
      the Group's Tanzanian and North Korean acreage and other opportunities



The Board of Aminex is pleased to announce that Aminex has conditionally placed
firm 50,800,000 Ordinary Shares with institutional investors, representing
approximately 51% of the Existing Issued Share Capital on 3 June 2005 (the 
"Placing"). The gross proceeds of the Placing will amount to approximately
Stg£4.4 million (€6.5 million) and are intended to be used to fund capital
expenditure for the Group's Tanzanian and North Korean acreage and in pursuing
new acreage opportunities, development drilling in the USA and for general
working capital purposes.



The Placing has been arranged by Oriel and Davy. The Placing has not been
underwritten and is conditional on shareholder approval, the Placing Agreement
becoming unconditional in all respects and admission of the Placing Shares and
the Open Offer Shares (together the "New Ordinary Shares") to the official lists
of the Irish Stock Exchange and the UK Listing Authority and to trading on the
main markets of the Irish Stock Exchange and the London Stock Exchange.



In addition, the Company today announces the launch of an Open Offer to
Qualifying Shareholders of 24,973,433 Ordinary Shares ("Open Offer Shares") on
the basis of 1 new Ordinary Share for every 4 existing Ordinary Shares at Stg
8.7p (€12.9c) per share to raise up to Stg£2.2 million (€3.2m).



The Open Offer has not been underwritten and Oriel and Davy have reserved the
right to place any unsubscribed Open Offer Shares for the benefit of the Company
at the Placing Price of Stg 8.7p, following the closing date of the Open Offer.



Application has been made to the Irish Stock Exchange and to the UK Listing
Authority for 75,773,433 New Ordinary Shares to be admitted to the Official List
of the Irish Stock Exchange and the Official List of the UK Listing Authority
and application has been made to the Irish Stock Exchange and the London Stock
Exchange for admission of these New Ordinary Shares to trading on their
respective main markets for listed securities. It is expected that admission of
New Ordinary Shares to the Official Lists will become effective and that
dealings will commence, in respect of the Placing Shares and the Open Offer
Shares on or around 28 June 2005.



A document comprising listing particulars and a prospectus (the "Listing
Particulars") has been prepared to provide further information on Aminex and its
operations, to advise Shareholders of the details of and procedure for
application under the Open Offer and to facilitate admission of the New Ordinary
Shares to listing on the Official Lists of the Irish Stock Exchange and of the
UK Listing Authority, and to trading on the Irish Stock Exchange's and the
London Stock Exchange's respective main markets for listed securities.





For Further Information:
Aminex PLC
([phone])
Brian Hall



Oriel Securities Limited
([phone])
Simon Bragg/Scott Richardson Brown



Davy Corporate Finance Limited
([phone])
Hugh McCutcheon/Fergal Meegan



Placing and Open Offer Timetable:

Event                                                                                            Time and Date


Record Date for the Open Offer                                            the close of business on 2 June 2005


Date of despatch of Listing Particulars and the Application Forms                                  3 June 2005


Latest time and date for splitting Application Forms (to satisfy bona fide           3.00 p.m. on 22 June 2005
market claims only)


Latest time and date for receipt of completed Application Forms and                  3.00 p.m. on 25 June 2005
payment in full under the Open Offer


Time and Date of Extraordinary General Meeting                                       11.00a.m. on 27 June 2005


Admission to listing of the New Ordinary Shares to the Official Lists                             28 June 2005
and commencement of dealing therein on the Irish Stock Exchange and the
London Stock Exchange*


CREST accounts expected to be credited in respect of the New Ordinary                             28 June 2005
Shares no later than*


Definitive share certificates in respect of the New Ordinary Shares                                1 July 2005
expected to be despatched no later than*

*Assumes passing of the Resolution to be proposed and considered at the
Extraordinary General Meeting.



Each of the times and date in the above timetable is subject to change



Document Availability

A copy of the Listing Particulars dated 3 June 2005 will be submitted to the
Irish Stock Exchange and the UK Listing Authority and will shortly be available
for inspection at the following locations:


Company Announcements Office,                          Financial Services Authority,
The Irish Stock Exchange,                              25 The North Colonnade,
28 Anglesea Street,                                    Canary Wharf,
Dublin 2,                                              London E14 5HS,
Ireland.                                               United Kingdom.
Tel: + 353 1 617 4200                                  Tel: + 44 207 066 1000




Terms defined in the Listing Particulars have the same meaning in this
announcement.  Any purchase of, or application for, Ordinary Shares in the
Placing and Open Offer should only be made on the basis of the information
contained in the Listing Particulars.  Your attention is drawn in particular to
the section entitled ''Risk Factors'' in Part III of the Listing Particulars.



Oriel Securities Limited (''Oriel'') (which is regulated in the UK by the
Financial Services Authority) and Davy Corporate Finance Limited and J & E Davy
(collectively ''Davy'') (each of which are regulated in Ireland by the Irish
Financial Services Regulatory Authority) are acting exclusively for Aminex in
connection with the requirements of the Irish Stock Exchange and the UK Listing
Authority and for no one else (including the recipient of the Listing
Particulars) and will not be responsible to any other person for providing the
protections afforded to customers of Oriel and Davy nor for providing advice in
connection with any transaction or arrangements referred to in the Listing
Particulars and this announcement.



The information contained in the Listing Particulars and this announcement is
not for publication or distribution in or into the United States of America.
These materials are not an offer of securities for sale in the United States.
The securities referred to therein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration under that Act or an available
exemption from registration. No public offering of the securities referred to
herein will be made in the United States.



The information contained in the Listing Particulars and this announcement is
not for publication or distribution to persons in Australia, Canada, Japan or
South Africa. Subject to certain exceptions, the New Ordinary Shares may not,
directly or indirectly, be offered, sold, taken up or delivered in, into or from
Australia, Canada, Japan or South Africa. The Listing Particulars or this
announcement does not constitute an offer to sell or the solicitation of an
offer to buy New Ordinary Shares in any jurisdiction in which such offer or
solicitation is unlawful.


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