Holding in Company

Metals Exploration PLC
09 March 2006


                     METALS EXPLORATION PLC (the 'Company')

                 Notification of Change in Significant Holding


9 March 2006


                 Notification of Change in Significant Holding


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


As notified to the Company on 8 March 2006, Cantor Fitzgerald Europe are
interested in 3,296,500 ordinary shares of the Company. This interest represents
6.49% of the total number of Ordinary Shares in issue.


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