February 20, 2004

TERTIARY RAISES £600,000 FOR SCANDINAVIAN DRILLING WITH INSTITUTIONAL PLACEMENT

AIM-listed Tertiary Minerals plc, which has initiated drilling programmes on four of its gold and copper properties in Scandinavia, has added approximately £600,000 to its exploration purse with a placing of shares at 15p to UK institutions. The 4m new shares were placed through W.H. Ireland, the company’s broker.

Further Information:

Patrick Cheetham, Executive Chairman Tertiary Minerals plc. Tel: 01625-626203
Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518