Issue of Equity

31 December 2010

Minco Plc

MINCO RAISES £332,000

TO FUND EXPLORATION & WORKING CAPITAL

Dublin 31 December, 2010 - Minco Plc (London AIM | MIO), the Irish exploration and development company announces that it has raised £300,000 through the issue of 7,058,823 new Ordinary Shares of €0.0125 each at an issue price of £0.0425 per share and raised a further £32,893 from the exercise of 1,196,136 broker warrants with an exercise price of 2.75p.

The placement has been taken by a private investor and the broker's warrants have been exercised by Beaufort International, the Company's brokers. The proceeds will be used in part to fund ongoing exploration and drilling activities at the Pallas Green zinc-lead exploration project in Ireland and for general working capital.

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted on the AIM Market. Dealing is expected to commence on or about 7 January 2011. Following the placement, Minco will have 317,257,420 Ordinary Shares outstanding.

About Minco

Minco PLC is an AIM quoted precious and base metals exploration and development company engaged in zinc exploration on the Pallas Green property in Ireland in a joint venture with Xstrata Zinc and investments in zinc-silver projects in Mexico through its 40% shareholding in Xtierra Inc. listed on the TSX Venture Exchange (Toronto) under the symbol "XAG".

For further information

www.minco.ie or:

John Kearney: Executive Chairman +1 (416) 362-6686

Terence McKillen: Chief Executive +1 (416) 362-8243

Danesh Varma: CFO & Company Secretary +44 (0) 8452-606034

Peter McParland/Maria Flood: Investor Relations Minco (Ireland) +353 (0)46 907-3709

John Frain/Fergal Meegan: (NOMAD) Davy +353 (0)1 679-6363

Barry Gibb/Saif Janjua: (Corporate Advisor | Broker) Beaufort International +44 (0) 207 389 5089