Holding in Company

Metals Exploration PLC
19 September 2005

                     Metals Exploration Plc ('the Company')



                      Notification of significant holding



19 September 2005



Under sections 198 to 202 of the Companies Act 1985 and rule 17 of the AIM Rules
the following information falls to be disclosed.



The Company was notified on 15 September 2005 of the following shareholding:


  Ordinary Shares of 1            Management Company                      Nominee/Registered Name
    pence each held
       2,820,077            Fidelity Management & Research                   Mellon Bank N.A.
                                        Company



This represents a total of 5.98% of the issued share capital of the Company.


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