Minco Capital Corporation
 December 21, 2004

 Minco Mining & Metals Corporation (Minco) is pleased to announce that its subsidiary, Minco Silver Corporation ("MSC") has appointed two independent directors to its Board: Wade K. Dawe of Halifax, Nova Scotia and Chan-Seng Lee of Vancouver, B.C.

Wade K. Dawe has been an entrepreneur in Canadian mining and venture capital industries since 1994. With extensive contacts in the business and investment banking communities he has consulted for a number of successful publicly traded Canadian companies and has raised millions of dollars in equity financing. Mr. Dawe was named Director and Vice President of Linear Gold in February of 2000 and in September 2003 was appointed Chairman, President and CEO of Linear. He is also a founding shareholder of Keeper Resources Inc., a Calgary-based producer of oil and gas, and retains a position on its board. Mr. Dawe earned a Bachelor of Commerce degree from Memorial University of Newfoundland (MUN) in 1992.

Chan-Seng Lee is presently the Controller for Partnerships British Columbia Inc. Prior to that he was the Chief Financial Officer of CML Global Capital Ltd. ("CML"), an international investment firm and an officer of Consolidated Properties Ltd. ("COP"), a commercial real estate company. CML and COP are both publicly listed companies on the Toronto Stock Exchange Chan-Seng is a Chartered Accountant and is a current member of the Institute of Chartered Accountants of British Columbia and the Canadian Institute of Chartered Accountants. He will also be appointed Chairman of the Audit Committee for MSC.

The Board now consists of five directors: Dr. Ken Z. Cai, William Meyer, Robert Quartermain, Wade Dawe and Chan-Seng Lee.

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For further information, please contact Ken Cai at Minco at 1-888-288-8288 or (604) 688-8002

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