Minco Mining and Metals Corporation
TSX : MMM

Minco Mining and Metals Corporation

August 04, 2005 13:40 ET

Minco Silver Corporation Acquires Three New Licences in the Fuwan Silver Belt

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 4, 2005) - Minco Mining and Metals Corporation (TSX:MMM) (the "Company") is pleased to announce that its subsidiary, Minco Mining (China) Corporation, has been granted three exploration licenses by the Ministry of Land and Resources of China. The three exploration licences are located in the Sanzhou Basin, Guangdong Province, China. Two exploration licenses, the Luoke-Jilingang (75.55 sq.km.) and the Sanyatang (91.91 sq. km) with a total area of 167.46 sq.km, cover the major part of the Northeast-trending Fuwan Silver Belt which hosts the known gold and silver occurrences in the Sanzhou Basin, including the Company's Fuwan Silver and Changkeng Gold properties. Please refer to the Company's website for a map of the location of the licenses. Several gold-silver soil anomalies have been discovered on the two licensed areas. Major silver showings were discovered in the Luzhou and Dieping areas through the following-up of the anomalies by the 757 Exploration Team.

The Guanhuatang license consists of a total area of 37.38 sq. km located at the south margin of the Sanzhou Basin and covers several Ag-Cu-Pb-Zn occurrences. Exploration work is quite limited in this area.

Minco Mining (China) acquired the above properties on behalf of Minco Silver Corporation. Minco Silver has now acquired exploration licences covering the whole Fuwan silver belt. The Company will be preparing an updated 43-101 Report for the Fuwan Silver property as well as the newly acquired areas. It is believed that the acquisitions of the above three properties will greatly enhance the Company's assets in the Sanzhou Basin.

About Minco

Minco Mining and 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.

ON BEHALF OF THE BOARD

William Meyer, Chairman and Director

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 to 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.

The Toronto Stock Exchange does not accept responsibility for the accuracy of this news release.

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