RNS Number:9966P
Central African Mining&Exploration
22 September 2003



                Central African Mining & Exploration Company Plc

                           ('CAMEC' or 'the Company')

CAMEC RAISES #1.1 MILLION TO DEVELOP OPERATIONS IN CENTRAL AND SOUTHERN AFRICA,
              PARTICULARLY IN THE DEMOCRATIC REPUBLIC OF THE CONGO

Central African Mining and Exploration Company Plc, the AIM listed fully
integrated exploration, mining, trading and investment company, has raised
#1,148,499 through the placing of 38,283,333 ordinary shares of 0.1p each ("New
Ordinary Shares") at 3p per share to institutional and other shareholders. The
proceeds of the placing will be used for working capital purposes and primarily
for developing operations in the Democratic Republic of the Congo (D.R.C.).

Phil Edmonds Chairman of CAMEC said: "This is good news for us as we continue to
gather support from key institutions and private investors who understand the
sector and recognise our potential. We have established a solid base in Central
and Southern Africa and believe we are now well positioned to take advantage of
the amelioration of the political and economic situation and the consequent new
international focus on the region.

"Regionally there are a huge number of opportunities available particularly in
the D.R.C's copper and cobalt markets, an avenue where we are currently pursuing
various ventures."

Application has today been made for the New Ordinary Shares to be admitted to
trading on the Alternative Investment Market of the London Stock Exchange and
the New Ordinary Shares will rank pari passu with the existing ordinary shares
of the Company.

It is expected that dealings in the New Ordinary Shares will commence on 25
September 2003.

                                * * E N D S * *

Issued on behalf of Central African Mining & Exploration Company Plc by St
Brides Media & Finance Ltd

Contacts:

Phil Edmonds  CAMEC    Tel: 07785 242 381

Hugo de Salis  St Brides Media & Finance  Tel: 020 7242 4477








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