Minco Mining and Metals Corporation

Minco Mining and Metals Corporation

March 21, 2005 09:00 ET

Minco Acquires Six Gold Properties in China's Famous Qinling Gold Belt




MARCH 21, 2005 - 09:00 ET

Minco Acquires Six Gold Properties in China's Famous
Qinling Gold Belt

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2005) - Minco
Mining & Metals Corporation (TSX:MMM) is pleased to announce that its
whole-owned subsidiary, Minco Mining (China) Corporation, has received
six exploration licenses granted by Ministry of Land and Resources of
China in Beijing. The six licensed gold exploration properties are
located in the west end of China's prolific and well known Qinling Gold
Belt, the second largest gold producing region in China, hosting
numerous gold deposits with total resources estimated by the Chinese
government agencies of over 16 million ounces gold.

The six properties cover an area of 553 sq. km on the eastern strike
extension of the Anba Gold Deposit (3 million oz gold) and form the east
part of the 90km long carlin-style Yangshan Gold Belt. The licensed
areas cover very strong gold anomalies (please see the map on Minco's
website: www.mincomining.com ). The Properties have identical geological
setting, structure, alteration, and gold mineralization as those of the
nearby Anba deposit where strata bound disseminated gold mineralization
occurs in calcareous classic sediments, but have not been systematically
explored and many known occurrences have not been followed up.

Dr. Ken Cai, President & CEO comments: "With the acquisition of these
six gold properties, Minco has assembled a highly propospective and
attractive property package on the Yangshan Gold Belt, consisting of a
total of 9 exploration gold properties and the Anba Gold Project. We are
excited with the exploration potential of the Yangshan Gold Belt and
plan to conduct an aggressive exploration program in 2005 to follow-up
the two significant gold zones discovered on the Gunniuwan Property
(February 10, 2005 News Release), a strong gold anomaly on the Goujiagou
property (December 1, 2004 News Release) as well as the six newly
acquired gold properties. Minco's objective is to build the Yangshan
Gold Belt as a major gold camp centered by the existing 3 million oz
Anba Gold Project."

The Company also announces that the employment agreement with Mr.
Michael Legg has been terminated and wishes to thank Mr. Legg for his
efforts at Minco and wish him all the best in his future endeavors.

Minco Mining & Metals Corporation is listed on the Toronto Stock
Exchange (TSX:MMM). The Company has a portfolio of high quality mineral
projects in China and continues to evaluate a number of gold, base
metal, rare earth and specialty metals projects in China.

Certain terms or statements made that are not historical facts, such as
anticipated advancement of mineral properties or programs, productions,
sales of assets, exploration plans or results, costs, prices,
performance are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, and involve a number
of risks and uncertainties that could cause actual results to differ
materially from those projected, anticipated, expected or implied. These
risks and uncertainties include, but are not limited to, metals price
volatility, volatility of metals production, project development risks
and ability to raise financing. Refer to the Company's Form 20-F and
Form 6-K reports for a more detailed discussion of factors that may
impact future results. The Company undertakes no obligation and has no
intention of updating forward-looking statements.

To view the map accompanying this press release please click on the
following link: http://www2.ccnmatthews.com/database/fax/2000/mmm321.pdf


Contact Information

    Minco Mining and Metals Corporation
    William Meyer
    Chairman of the Board
    1-888-288-8288 or (604) 688-8002
    Minco Mining and Metals Corporation
    Dr. Ken Cai
    President & CEO
    1-888-288-8288 or (604) 688-8002
    The Toronto Stock Exchange does not accept responsibility for the
    accuracy of this news release.