Drilling Results

METALS EXPLORATION PLC

11 July 2007

         POSITIVE METALLURGICAL AND INFILL DRILLING RESULTS
                         AT RUNRUNO PROJECT


The Board of Metals Exploration PLC ("the Company") (AIM: MTL), the
UK based precious and base metals exploration company focused in the
Pacific Rim Region is pleased to report that the Company continues to
receive encouraging results from the current infill drilling
programme and the metallurgical testwork being conducted on its
Runruno gold-molybdenum deposit.

KEY HIGHLIGHTS:

  * Positive infill drilling results add to confidence of Runruno
    resource model.
  * Overall gold recovery of 94.7% from pressure oxidation (POX)
    metallurgical tests.
  * 48 drill-holes drilled since March for a total of 7,260 metres.
  * Assay results from 33 drill-holes still due.
  * Potential economic recovery of some molybdenum.
  * On target for resource update in September 2007.

Commenting on the results, Jonathan Beardsworth, CEO of Metals
Exploration plc said:

"These  results  are  extremely   encouraging,  and  should   provide
investors with evidence that considerable work has been completed  at
Runruno in  the last  few months.   The  drilling is  confirming  the
potential  of  the  resource,  and  the  metallurgical  test  results
demonstrate that we  have a  viable process route  to producing  gold
with high recovery values, as well as, possibly, molybdenum credits.

"Scoping studies will now run in parallel with continuing testwork in
order to expand our understanding of likely economics.

"The programme is progressing on time and on budget, and the  results
achieved to date reinforce our confidence  of being able to meet  our
target of a resource update by the end of the third quarter."

Jonathan Beardsworth
Chief Executive Officer



RUNRUNO PROJECT


Resource Definition - Drilling

Since the last announcement of drilling results in March, the Company
has been  carrying out  an intensive  programme of  combined  Reverse
Circulation (RC) and diamond drilling with the intention of upgrading
the current  inferred resource  to inferred,  indicated and  possibly
measured status by the end of September this year.

Since March and  up to the  end of  June, a total  of 48  drill-holes
(MXD56-MXRC103) have been  completed for  a total of  7,260 metres.
Eleven (11) diamond drill-holes were completed during this period for
1,901 metres and 37 RC drill-holes completed for 5,359 metres.

The infill resource drilling is currently being conducted on 50 metre
spaced drill-hole centres.  During July, each 50 metre gridline  will
be infilled  to 25  metre spaced  drill-hole centres  resulting in  a
drill pattern of 25 metre x 50 metre drill-hole spacings. Statistical
analyses will then be carried out to determine the optimum drill-hole
spacing to enable the  eventual upgrading of all  of the resource  to
indicated and measured status.


Resource Definition - Results

Assay results have so far been received for the 16 drill-holes up  to
drill-hole MXRC71. There remain a number of results overdue for  some
of these  drill-holes, as  well  as outstanding  results for  the  33
drill-holes MXRC72-MXRC105  still  in  the  pipeline.    Laboratories
worldwide are experiencing  significant sample submissions  and as  a
consequence sample analyses and receipt of results currently takes up
to 4-6 weeks.

The Company  is highly  encouraged  as the  results received  so  far
appear to be vindicating the Company's interpretation of geology  and
mineralization at  Runruno  and  its  resource  model.    The  infill
drilling assay results received to date are reasonably consistent  in
grade and widths with the results already received from  surrounding,
but wider spaced, diamond drill holes completed last year.

The key assay results from the samples submitted so far from  current
drilling programme are summarised in the following table:

+-------------------------------------------------------------------+
| Hole     ID | Intercept (metres)              | Analyses [4]      |
| [1,2]       |---------------------------------+-------------------|
|             | from       | to         | width | Au (g/t) | Mo (%) |
|-------------+------------+------------+-------+----------+--------|
| MXD57       | 0.00       | 7.00       | 7.00  | 1.95     | 0.01   |
|-------------+------------+------------+-------+----------+--------|
| MXD58       | 98.70      | 99.70      | 1.00  | 1.89     | 0.03   |
|-------------+------------+------------+-------+----------+--------|
| MXD60       | 12.85      | 15.90      | 3.05  | 2.84     | 0.25   |
|             |------------+------------+-------+----------+--------|
|             | 91.20      | 94.00      | 2.80  | 4.35     | 0.01   |
|             |------------+------------+-------+----------+--------|
|             | 133.00     | 135.85     | 2.85  | 1.56     | 0.02   |
|             |-------------------------+-------+----------+--------|
|             | composited    intercept | 16.70 | 2.44     | 0.06   |
|             | [3]                     |       |          |        |
|-------------+-------------------------+-------+----------+--------|
| MXD61       | 71.10      | 74.50      | 3.40  | 1.38     | 0.01   |
|-------------+------------+------------+-------+----------+--------|
| MXRC63      | 43.00      | 46.00      | 3.00  | 3.18     | 0.08   |
|             |------------+------------+-------+----------+--------|
|             | 49.00      | 53.00      | 4.00  | 1.48     | 0.03   |
|             |------------+------------+-------+----------+--------|
|             | 71.00      | 74.00      | 3.00  | 2.35     | 0.22   |
|             |------------+------------+-------+----------+--------|
|             | 100.00     | 104.00     | 4.00  | 0.93     | 0.11   |
|             |-------------------------+-------+----------+--------|
|             | composited    intercept | 14.00 | 1.87     | 0.10   |
|             | [3]                     |       |          |        |
|-------------+-------------------------+-------+----------+--------|
| MXRC64      | 75.00      | 84.00      | 9.00  | 1.66     | 0.16   |
|-------------+------------+------------+-------+----------+--------|
| MXRC66      | 72.00      | 75.00      | 3.00  | 2.13     | 0.19   |
|             |------------+------------+-------+----------+--------|
|             | 143.00     | 145.00     | 2.00  | 1.56     | 0.08   |
|             |------------+------------+-------+----------+--------|
|             | 166.00     | 170.00     | 4.00  | 1.60     | 0.09   |
|             |-------------------------+-------+----------+--------|
|             | composited    intercept | 9.00  | 1.77     | 0.12   |
|             | [3]                     |       |          |        |
|-------------+-------------------------+-------+----------+--------|
| MXRC67      | 24.00      | 27.00      | 3.00  | 1.65     | 0.57   |
|             |------------+------------+-------+----------+--------|
|             | 38.00      | 39.00      | 1.00  | 1.13     | 0.05   |
|             |------------+------------+-------+----------+--------|
|             | 42.00      | 43.00      | 1.00  | 2.02     | 0.05   |
|             |------------+------------+-------+----------+--------|
|             | 45.00      | 48.00      | 3.00  | 1.34     | 0.09   |
|             |------------+------------+-------+----------+--------|
|             | 51.00      | 53.00      | 2.00  | 1.42     | 0.03   |
|             |------------+------------+-------+----------+--------|
|             | 54.00      | 57.00      | 3.00  | 2.48     | 0.21   |
|             |------------+------------+-------+----------+--------|
|             | 112.00     | 113.00     | 1.00  | 1.05     | 0.02   |
|             |-------------------------+-------+----------+--------|
|             | composited    intercept | 14.00 | 1.67     | 0.20   |
|             | [3]                     |       |          |        |
|-------------+-------------------------+-------+----------+--------|
| MXRC68      | 40.00      | 41.00      | 1.00  | 1.67     | 0.01   |
|             |------------+------------+-------+----------+--------|
|             | 73.00      | 79.00      | 6.00  | 1.90     | 0.13   |
|             |------------+------------+-------+----------+--------|
|             | 130.00     | 140.00     | 10.00 | 1.29     | 0.05   |
|             |-------------------------+-------+----------+--------|
|             | composited    intercept | 17.00 | 1.53     | 0.08   |
|             | [3]                     |       |          |        |
|-------------+-------------------------+-------+----------+--------|
| MXRC69      | 69.00      | 75.00      | 6.00  | 2.98     | 0.09   |
|             |------------+------------+-------+----------+--------|
|             | 78.00      | 85.00      | 7.00  | 1.30     | 0.03   |
|             |------------+------------+-------+----------+--------|
|             | 90.00      | 92.00      | 2.00  | 3.53     | 0.08   |
|             |------------+------------+-------+----------+--------|
|             | 97.00      | 99.00      | 2.00  | 2.19     | 0.01   |
|             |------------+------------+-------+----------+--------|
|             | 104.00     | 105.00     | 1.00  | 1.32     | 0.01   |
|             |------------+------------+-------+----------+--------|
|             | 112.00     | 113.00     | 1.00  | 3.08     | 0.02   |
|             |------------+------------+-------+----------+--------|
|             | 117.00     | 119.00     | 2.00  | 2.13     | 0.00   |
|             |------------+------------+-------+----------+--------|
|             | 128.00     | 132.00     | 4.00  | 1.21     | 0.02   |
|             |------------+------------+-------+----------+--------|
|             | 163.00     | 167.00     | 4.00  | 1.67     | 0.03   |
|             |-------------------------+-------+----------+--------|
|             | composited    intercept | 29.00 | 2.02     | 0.04   |
|             | [3]                     |       |          |        |
|-------------+-------------------------+-------+----------+--------|
| MXRC70      | 47.00      | 69.00      | 22.00 | 2.34     | 0.12   |
|-------------+------------+------------+-------+----------+--------|
| MXRC71      | 108.00     | 112.00     | 4.00  | 5.01     | 0.16   |
+-------------------------------------------------------------------+

Notes:

[1] Drill-holes  prefixed with  MXD were  drilled by  diamond  coring
wireline methods and  samples consist  of diamond drill  core with  a
minimum core diameter size of HQ3 (61mm).
[2]  Drill-holes  prefixed   with  MXRC  were   drilled  by   Reverse
Circulation (RC)  methods using  a face-sampling  hammer and  samples
consist  of  1-metre  interval,  bagged   drill  chips  from  a   5¿"
drill-hole.
[3] Reporting of  the above composited  intercepts was determined  by
applying an upper and lower boundary  defined by a low grade  cut-off
of 0.7g/t  Au.  Some  composited  intercepts  include  single  metre,
internal  intercept  grades  of   less  than  0.7g/t  Au.   Isolated,
single-metre intercepts  are not  reported  unless considered  to  be
significant. No high grade cut-off has been applied to the individual
gold assays.
[4] Gold  is analysed  by  classical screen  fire assay  method,  and
Molybdenum is analysed by standard ICP-OES method.

Resource Estimation

Consulting geological groups have  been approached to conduct  audits
on  the  Company's  exploration  protocols,  including  drilling  and
sampling methodologies, and also to carry out an independent resource
estimation prior to the end of September.


Metallurgy Testwork

Results of pressure oxidation (POX) testwork have just been  received
from the Company's consulting metallurgist.

POX testwork  has  been completed  on  a bulk  flotation  concentrate
produced from a composite sample of primary sulphide mineralisation.
At 99.4% oxidation the overall gold recovery by gravity concentration
+ flotation + pressure oxidation of sulphide mineralisation flotation
concentrate, followed by cyanidation of the oxidised concentrate  was
94.7% from a calculated head grade of 2.07g/t Au.

Interestingly, the  laboratory  reported  that  some  molybdenum  was
solubilised  during   the  pressure   oxidation  of   the   flotation
concentrate.         The     possibility    of     recovering     the
solubilised molybdenum will be investigated further.

The Company is highly encouraged by these results.

Bacterial oxidation  testwork  on  the  same  concentrate  sample  is
currently in progress.



QUALIFIED/COMPETENT PERSONS

Gary Powell (a  Director of  the Company)  has been  involved in  the
mining and exploration  industry for  more than  24 years.  He has  a
Bachelor of Applied Science degree in geology and is a member of  the
Australasian Institute of Mining and Metallurgy and the  Australasian
Institute of Geoscientists.  He has compiled,  read and approved  the
technical disclosure in this regulatory announcement.


For more information:

Jonathan            CEO                       + 44 (0) 20 7927 6690
Beardsworth                                   + 44 (0) 7747 101 552

Jonathan Anderson   Investor Relations        + 44 (0) 20 7927 6690
                                              + 44 (0)7950 410 680

Adrian Hadden       Collins Stewart Europe    + 44  (0) 20 7523 8350
                    Limited
Charles Vivian      Pelham PR                 + 44  (0) 20 7743 6672

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