Drilling Update

Horizonte Minerals PLC
06 November 2006



        Horizonte Minerals plc / Index: AIM / Epic: HMZ / Sector: Mining

6th November 2006

             Horizonte Minerals plc ('Horizonte' or 'the Company')


                   HORIZONTE EXPANDS CONTINUITY AND WIDTH OF
               SILVER-LEAD-ZINC MINERALISATION AT EL AGUILA, PERU


Horizonte Minerals plc, the AIM listed exploration and development company
focused on Brazil and Peru, has extended the zone of silver-lead-zinc
mineralisation on its 100% owned El Aguila project, located in the Cerro de
Pasco mining district, central Peru, having received the final results from the
first phase of the exploration drilling programme.  The remaining 6 holes of the
11 hole programme all returned economic intersections within zones of pervasive
mineralisation and alteration.


Highlights



•         DDH-6       14.1 meters grading 133.1 g/t Ag with 3.26% Pb and 3.07%
                      Zn

•         DDH-7       1.57 metres grading 107.9 g/t Ag with 2.39% Pb and 1.87%
                      Zn

•         DDH-8       2.46 metres grading 48.8g/t Ag with 1.32% Pb and 1.70% Zn

•         DDH-9       4.23 metres grading 231.3 g/t Ag with 4.82% Pb and 7.02%
                      Zn

•         DDH-10     3.99 metres grading 111.21 g/t Ag with 1.74% Pb and 2.64%
                     Zn

•         DDH-11     3.70 metres grading 174.3 g/t Ag with 5.31% Pb and 1.35% Zn


The aim of the programme was to test the lateral and vertical continuity of the
Veta Norte and Veta Sur polymetallic replacement structures, these results
support those released on 18th October 2006 for the first 5 holes.
Mineralisation has now been defined for approximately 200 meters along strike
and to a vertical depth of 130 meters.  Both the Veta Norte and Veta Sur remain
open to depth and along strike.


Horizonte CEO Jeremy Martin said: 'The results give us further confidence in our
belief that El Aguila is a major silver-lead-zinc system.  The excellent
geological continuity of the zones on surface, at depth in workings and in these
latest drill holes will allow us to start looking at the resource potential on
the Pacos Hill area.  A follow-up work programme is now underway on the Pacos
Hill area, together with programmes on the South Zone and outboard targets to
bring them up to the drill stage.  Several of the outboard targets display high
silver grades and are as yet untested by drilling.'


Summary


DDH-6 was drilled at -70degrees in the same orientation as DDH-5 and confirmed
the continuity of the mineralised zone at depth with 35.82 metres grading 59.6
g/t Ag, 1.44% Pb and 1.44% Zn from 24.1 meters down hole. This included a high
grade zone of 14.15 metres grading 133.12 g/t Ag, 3.26% Pb and 3.07% Zn.  DDH-7
was drilled at -55degrees to test the upper part of the hydrothermal breccia
pipe.  The hole was dominated by the silicified Pucara limestone cap.  However
it did hit a mineralised structure with 1.57 metres from 33.49 metres down hole
grading 107.9 g/t Ag and 2.39% Pb and 1.87% Zn.  DDH-8 was also collared in the
overlying limestone and intersected a wide zone of oxide mineralization from
11.3 metres down hole with 56.7 metres grading 17.1 g/t Ag, 0.43% Pb and 0.42%
Zn.  DDH-9 was drilled to test the western extension of the Veta Norte
replacement zone at the lowest elevation. The hole intersected a wide zone of
mineralization from 83.26 meters to 100 meters  (16.74 meters). However, due to
extensive core loss in what are assumed to be old workings combined with fault
gauge, only 4.23 metres of the zone was assayed and it returned some of the
highest values to date on the project grading 231.3 g/t Ag, 4.82% Pb and 7.02%
Zn. It is the Company's view that this zone correlates with the zone drilled by
the previous operators that intersected 11 metres grading 312 g/t Ag, 6.5 % Pb
and 8.11% Zn.


DDH-10 was drilled to test the Veta Norte. The hole intersected 3.99 metres from
83.18meters down hole grading 111.21 g/t Ag, 1.74% Pb and 2.64% Zn.  DDH-11 was
drilled to the south of the main workings to test an intrusive body present at
surface. The hole is mineralised with 42.8 metres grading 39.6 g/t Ag, 1.11% Pb
and 0.55%Zn. The highest grade is 3.7 metres from 30.3 metres down hole grading
174.3 g/t Ag, 5.31% Pb and 1.35% Zn.



  Drill hole    From       To      Interval    Ag (g/t)    Pb (%)     Zn (%)
                                      (m)

    HM-DDH6     24.1      59.9       35.8        59.6       1.44       1.44
   Interval     27.8       42        14.1       133.1       3.26       3.07

    HM-DDH7      18      101.9       80.3        12.5       0.29       0.45
   Interval     34.9     36.53       1.57       107.9       2.39       1.87

    HM-DDH8     11.3       68        56.7        17.1       0.43       0.42
   Interval     64.6      67.1       2.46        48.8       1.32       1.70

    HM-DDH9      18      105.2       74.2        27.7       0.59       0.86
   Interval     88.1      89.9       4.23       231.3       4.82       7.02

   HM-DDH10     29.7      108        78.2        16.8       0.39       0.67
   Interval     83.1      87.1       3.99       111.2       1.74       2.64

   HM-DDH11     13.5      56.4       42.8        39.6       1.11       0.55
   Interval     30.3       34        3.70       174.3       5.31       1.35



Sampling, assaying, and QA/QC

Procedures adopted by Horizonte in the collection, preparation and storage of
samples from the auger drilling programme, conform to industry-wide best
practice and with chain of custody being observed for all samples. Analysis is
undertaken by ALS Labs at its laboratories in Vancouver, Canada, and the Company
maintains QA/QC on all analytical work via the inclusion of certified reference
materials and field duplicates and blanks, in addition to monitoring of the
laboratory's own internal check-analyses.



The above information has been reviewed and verified by Mr. Jeremy Martin, a
Director and Chief Executive of Horizonte, for the purposes of the Guidance Note
for Mining, Oil and Gas Companies issued by the London Stock Exchange in March
2006.  Mr. Martin, with six years of mining and management experience, graduated
with a degree in geology from the Camborne School of Mines, and an MSc in
mineral exploration from the University of Leicester and is a member in good
standing with the Society of Economic Geologists and the Institute of mining
Analysts.

                                  * * ENDS * *


For further information visit www.horizonteminerals.com or contact:

Jeremy Martin/David Hall      Horizonte Minerals plc          Tel: [phone]
                                                            
David Paxton                  Hichens Harrison                Tel: [phone]

Hugo de Salis                 St Brides Media & Finance Ltd   Tel: [phone]

John Frain/Fergal Meegan      Davy                          Tel: [phone]


Notes to Editors:

Horizonte Minerals Plc is an AIM listed mineral resources exploration group
focused on the discovery, appraisal and development of gold and base metal
deposits in Brazil and Peru.  The Group has two gold exploration projects in
Brazil, and one silver-zinc-lead project in Peru. The two Brazilian gold
projects, Tangara and Falcao, are located to the south of the highly prospective
Carajas Mineral Province. Both projects cover an area of approximately 300 sq km
and are centred over greenstone belts, with known gold mineralisation. The scale
of these project areas, the overall aerial extent of the mineralised system and
the high density and magnitude of related gold anomalies (identified in river
sediments, surface soils and rocks), indicate the potential for multiple deposit
discoveries. The silver-zinc-lead project is located in the historic mining
district of Cerro de Pasco in Central Peru. Sampling and limited historic
drilling on this project has demonstrated the high grade potential of this
project. The Group has a joint venture with Australian gold producer Troy
Resources NL's 70% owned local subsidiary Sertao Mineracao Ltda to advance its
Goias Velho gold exploration project in Brazil.


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