RNS Number:9615T
Cambridge Mineral Resources PLC
07 January 2004

CAMBRIDGE MINERAL RESOURCES PLC ("the Company")

The Company announces that it has received notices of exercise in respect of
8,388 warrants to subscribe for ordinary shares of 1p each at a price of 12p per
share.  The warrants were issued at the time of the Placing and Open Offer which
was announced on 6 October 2003.  The shares resulting from the exercise of the
warrants have today been issued and allotted to the warrant holders.

Application will be made for the new shares to be admitted to AIM.  It is
expected that dealings in the new shares will commence on 13 January 2004.




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