Company Information for Minmet Plc

IEX-MJX; AIM-MNT

www.minmet.ie

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Company Statement

Minmet plc is quoted on the London Stock Exchange - AIM Market and on the Irish Stock Exchange.

Minmet Group's strategy is to identify and develop opportunities in the Natural Resource Sector. The Group operates as an incubator and developer of exploration and mining opportunities.

The strategy often involves working with joint venture partners and the promotion of Companies through IPO (Initial Public Offering). Minmet holds equity interests in several quoted exploration companies. Examples of this strategy include:

Northland Resources Inc
Barsele gold exploration interests sold to Northland Resources Inc of Vancouver Canada in exchange for shareholding in Northland's in 2006.

Gold Oil plc
Gold Oil plc is a UK oil and gas exploration company focused on opportunities in Central and South America. The company is listed on the AIM market under the symbol GOO.L. Gold Oil has oil production in Spain and in Colombia and significant exploration acreage and license applications, both onshore and offshore, in both Colombia and Peru.

Gold-Ore Resources Ltd
Option over Björkdal gold mine sold to Gold-Ore Resources Limited in 2006. This has introduced a major exploration initiative at Björkdal and Minmet received a significant shareholding in Gold-Ore.

GoldQuest Mining Corporation
Dominican Republic exploration assets spun-off into GoldQuest Mining Corp and launched on the TSX-V (Toronto Venture Exchange) in 2004.

Lapp Plats plc
Platinum Group Elements and Nickel exploration projects in Lappland spun off into Lapp Plats plc, initially launched on OFEX in London in 2004 and subsequently on the AIM market 2005.

Horizonte Minerals plc
Horizonte Minerals plc launched on AIM in May 2006 with core exploration portfolio assets selected from some of Minmet's Brazilian and Peruvian exploration interests.

Current Operations

OPERATIONS

Sweden - Björkdal Gold Mine
In 2003 MinMet acquired Björkdalsgruvan AB a Swedish mining company which owns and operates the Björkdal Gold mine in the Vasterbotten district near Skellefteå in northern Sweden. An objective at Björkdal is to define proven reserves based on forward-looking economic criteria and to convert indicated resources to reserves. Approximately 9,000 metres of drill core stored at Björkdal is being logged, splitted and assayed. Significant work is ongoing into geological interpretation, confirmation of resources, mine engineering planning and mill processing as well as benchmarking costs in order to convert resources to reserve status.

Romania - The Suior Project
In September 2003 MinMet acquired European Metals and Minerals Limited ("EMML"). EMML has developed environmentally friendly bio- leaching technology that offers significant advantages in recover of Gold and other metals from ores and ore concentrates resistant to conventional refining methods. The EMML technology is being successfully applied to Gold concentrates at the Suior project in Romania.

EXPLORATION

Texas
In June 2005 MinMet announced the conditional agreement to acquire 100% interest in Overseas Oil & Gas Resources Ltd (OOGR). OOGR holds an option to acquire 3,703 acres of Gas Leases within the Barnett Shale Formation in north-east Texas, USA upon payment of US$1.8 million. The Barnett Shale Formation is currently one of the largest natural gas plays in the United States.

Dominican Republic
The MinMet Group holds a controlling interest in GoldQuest Mining Corp a Toronto based public company quoted on the TSX-V. MinMet has spun-off its exploration assets in the Dominican Republic into GoldQuest Mining Corp. a company traded on the TSX - V (ticker symbol: "GQC"). MinMet holds, 5,594,856 ordinary shares in GoldQuest representing 11.6% of its current issued share capital.

Brazil
MinMet has been conducting active mineral exploration in Brazil since 1995 and has a large registered share capital in the country. The Group operates through two fully-owned Brazilian subsidiary companies:

Mineradora de Bauxita Ltda
Mearim Sociedade de Mineração Ltda

Peru - El Aguila
MinMet Group controls the El Aguila project located in the Andes at 4,000 meters in one of the world's premier base metal mining districts.
The property is astride a major geological fault (Cero da Pasco Fault) associated with polymetalic mineralization and already supporting several very successful mining operations. MinMet has been conducting active mineral exploration in Brazil since 1995 and has a large registered share capital in the country. The Group operates through two fully-owned Brazilian subsidiary companies: Mineradora de Bauxita LtdaMearim Sociedade de Mineração Ltda MinMet Group controls the El Aguila project located in the Andes at 4,000 meters in one of the world's premier base metal mining districts. The property is astride a major geological fault (Cero da Pasco Fault) associated with polymetalic mineralization and already supporting several very successful mining operations.

Geochemical Database
MinMet maintains an exclusive geochemical database covering the whole of Sweden with data also on Ireland and on Norway. The database has contributed in setting up separate strategic partnerships, with Ovoca Resources plc, with Lapp Plats plc and with North American Gold inc. (now renamed Northland Resources Inc) , that are fast tracking several exciting Gold, Platinum and Nickel prospects in Sweden.

Geographical Spread

Sweden, Romania, Texas, Dominican Republic, Bazil and Peru

Board of Directors and Key Management

Mike Neville	(Non-Executive Chairman)
Michael Nolan	(Chief Executive Officer)
David Hall	(Non-Executive Director)
Michael Burchell	(Non-Executive Director)
Gary Moore	(Non-Executive Director)

Company Address

18 Fitzwilliam Square
Dublin 2, Ireland


Telephone:	++353 1 6613309
Facsimile:	++353 1 6613119
Email:	minmet[at]minmet.ie
Website:	http://www.minmet.ie

Additional Address/Key Contact

Rua João de Freitas 314
Santo Antônio
CEP: 30350-100
Belo Horizonte
Minas Gerais
Brazil
Tel/Fax: +55-31-32938769

Computershare Investor Services (Ireland) Limited
Heron House
Corrig Road
Sandyford Industrial Estate
Dublin 18, Ireland
Telephone: +353 1 216 3100
Facsimile: +353 1 216 3151
Email: web.queries@computershare.ie

Capital

Shares in issue: 69,458,000 ordinary shares of EUR0.01 each

Annual General Meeting

July

Year End

31st December

Nominated Brokers

HB Corporate

Nominated Advisors