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Toledo Mining Corp (TMC)

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Friday 29 October, 2004

Toledo Mining Corp

Holding(s) in Company

Toledo Mining Corporation PLC
29 October 2004

                         Toledo Mining Corporation plc

                            Shareholding in Company

The Company has received a notification dated 21 September 2004 that Ocean
Resources Capital Holdings plc subscribed for 33.275,000 ordinary shares as part
of the placing announced on 20 September 2004 and as a result is interested in
673,666,000 ordinary shares if the Company, representing 4.94 per cent. of the
issued share capital.

29 October, 2004

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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