Holding(s) in Company

Metals Exploration PLC
16 April 2007


TR-1:  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached:

Metals Exploration plc

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                   X

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________

3. Full name of person(s) subject to the   New City Investment Managers Limited
   notification obligation:

4. Full name of shareholder(s)             HSBC Global Custody Nominee (UK) Ltd.
   (if different from 3.)                  (Account 993791)


5. Date of the transaction (and date on which          02/04/2007
   the threshold is crossed or reached if different)

6. Date on which issuer notified:                      04/04/2007

7. Threshold(s) that is/are crossed or reached:             3%

                                                               
8. Notified details:                                        -



A: Voting rights attached to shares
Class/type of    Situation previous to   Resulting situation after the triggering transaction(i)
shares           the Triggering
                 transaction
 if possible     Number of   Number of   Number of       Number of voting rights   % of voting rights
using the ISIN   Shares      Voting      shares
CODE                         Rights      Direct          Direct  x  Indirect       Direct   Indirect

GB00B0394F60     800,000     800,000     2,450,000       -          2,450,000      -        2,450,000




B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.
         -


Total (A+B)
Number of voting rights                            % of voting rights

2,450,000                                          3.15


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:
-


Proxy Voting:

10. Name of the proxy holder:                                      New City Investment Managers Limited

11. Number of voting rights proxy holder will cease to hold:       n/a

12. Date on which proxy holder will cease to hold voting rights:   n/a


13. Additional information:                              -

14. Contact name:                                   Mike Bassi, F&C Asset Management plc, Administrator
                                                    and Company Secretary for City Natural Resources High
                                                    Yield Trust plc

15. Contact telephone number:                       0131 718 1093


Annex Notification Of Major Interests In Shares
A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)                  Metals Exploration plc

Contact address (registered office for legal entities)               Portland House, 4 Great Portland
                                                                     Street, London, W1W 8QJ

Phone number                                                         Tel: [phone]
                                                                     Fax: [phone]

Other useful information (at least legal representative for legal
persons)



B:        Identity of the notifier, if applicable
Full name                                                          F&C Asset Management plc,
                                                                   Administrator and Company Secretary
                                                                   for City Natural Resources High Yield
                                                                   Trust plc

Contact address                                                    80 George Street, Edinburgh EH2 3BU

Phone number                                                       0131 718 1093

Other useful information (e.g. functional relationship with the
person or legal entity subject to the notification obligation)


C:        Additional information

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