Notification of Interests

9 April 2008
                         METALS EXPLORATION

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 state Yes/No): (    )
An acquisition or disposal of voting rights: YES

3. Full name of person(s) subject to the notification obligation:
Credit Agricole Cheuvreux International Ltd

4. Full name of shareholder(s) (if different from 3):
N/A

5. Date of the transaction (and date on which the threshold is
crossed or reached if different):
4 April 2008

6. Date on which issuer notified:
8 April 2008

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

8. Notified details:

A: Voting rights attached to shares


Class/type      Situation of         Resulting Situation after the
of shares if   previous to the           triggering transaction
possible         Triggering
using ISIN       transaction
code         Number of Number of Number    Number of      % of voting
              shares    voting     of    voting rights      rights
                        rights   shares Direct Indirect Direct Indirect
GB00B0394F60 2,916,710 2,916,710 below
                                   3%


B: Financial Instruments


Resulting Situation after the triggering transaction
 Type of   Expiration  Exercise /    Number of Voting rights    % of
Financial     Date     Conversion  that may be acquired if the voting
Instrument            Period /Date  instrument is exercised /  rights
                                            converted



Total (A + B)


Number of Voting Rights % of voting rights
       below 3%              below 3%


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


SAS Rue La Boétie         below 3%
Crédit Agricole SA
Calyon SA
Crédit Agricole Cheuvreux


Proxy Voting:

10. Name of the proxy holder:
N/A

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:
N/A

14. Contact name:
Alison McLeod

15. Contact telephone number:
020 7214 6518


Metals Exploration plc    [phone]
Jonathan Beardsworth, CEO [phone]



Hanson Westhouse Limited      [phone]
Tim Feather / Matthew Johnson

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