Operations Update

2 November 2018

METALS EXPLORATION PLC

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), the natural resources exploration and development company with assets in the Pacific Rim region.

Operations Update

The Company advises that mining and processing operations have resumed at Runruno and temporary repairs to the bridge crossing have been effected, following the Typhoon Rosita information released yesterday. The BIOX circuit continues to respond positively and is being ramped back up to the pre-typhoon operational throughput.

Neither the mine nor the processing plant sustained any material damage from the impact of Typhoon Rosita.

For further information please visit or contact www.metalsexploration.com

Metals Exploration PLC [email protected]

Ian R. Holzberger +63 (0) 9189 795 992

(Chairman) +61 (0) 418 886 165

Liam A. Ruddy +44 (0) 7904 200857

(Company Secretary) +63 (0) 918 979 2931

Andrew Rodgers +61 (0) 412 429 856

(Chief Financial Officer)

Nominated Adviser and Broker - CANACCORD GENUITY LIMITED

Martin Davison, James Asensio +44 (0) 207 523 4689

Public Relations - TAVISTOCK COMUNICATIONS

Barnaby Hayward, Jos Simson +44 (0) 207 920 3150