ASX Share Price Query

Metminco Limited (MNC)

Australian Securities Exchange - Share Price Query

Metminco ("the Company") the dual ASX and AIM listed company with a portfolio of copper and gold projects in Peru and Chile yesterday received a letter from the Australian Securities Exchange ("ASX") querying recent share price movement and trading volumes.

The Company has responded that it is not aware of any reason for the share price movement or the increased trading volumes and copies of the ASX letter and the Company's response came found on the Company's website www.metminco.com.au.

Metminco has previously announced to the market that revised resource estimates for the Company's Los Calatos, Mollacas and Vallecillo Projects are anticipated to be announced in late April and May 2012. These resource estimates have not yet been completed.

For further information please contact:

South America:

William Howe - Managing Director Ph: +56 (2) 411 2600

Australia:

Stephen Tainton - GM Investor Relations Ph: +61 (0) 2 9460 1856

Philip Killen - Company Secretary & CFO Ph: +61 (0) 408 609 916

Broker - Canaccord BGF

Warwick Grigor / Marcus Freeman Ph: +61 (0) 386 889 100

Public Relations Consultant - Collins St Media

Ian Howarth Ph: +61 (0) 407 822 319

United Kingdom:

Tim Read - Non-Executive Director Ph: +44 (0) 777 072 1809

Nomad and Joint Broker - Canaccord Genuity Limited

Andrew Chubb / Robert Finlay Ph: +44 (0) 207 050 6500

Joint Broker - Liberum Capital Limited

Michael Rawlinson / Clayton Bush Ph: +44 (0) 203 100 2227

Financial Public Relations Consultant - Buchanan

Tim Thompson / James Strong Ph: +44 (0) 20 7466 5000