MINCO gold and silver explorer.... the facts

The Company announces that on 10th May 2005, two of its directors, Mr J.M Finn
and Mr J.J. Teeling, exercised all their options in the Company as follows:

Mr James Finn:

No of Options Option Price
198,833 10p
500,000 5p
Total 698,833

Following the completion of this transaction Mr Finn's direct and indirect
shareholding has increased to 2,040,478 ordinary shares of Euro 0.0125 in the
Company ("Ordinary Shares").

Mr John Teeling :
No of Options Option Price

200,000 3.5 p
198,833 10 p
750,000 5 p
Total 1,148,833

Following the completion of this transaction Mr Teeling' direct and indirect
shareholding has increased to 3,565,478 Ordinary Shares.