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Minco Capital Corporation
 July 26, 2004
MINCO ADDS 4TH DRILL AT CHANGKENG GOLD

 Minco Mining & Metals Corporation ("MINCO") (TSX: "MMM") is pleased to provide a progress report on its Changkeng Gold project in Guangdong Province, China.

A fourth diamond drill has been added to speed up the delineation program at Changkeng. As of July 19, 2004, five diamond drill holes of the initial 9-hole Phase 1 Program have been completed for a total of 818.01 metres. Assay results are expected in early August and will be announced at that time.

Three of the holes drilled within the mineralized zone previously identified by the Chinese government have encountered silicified mineralized intersections with visible gold over thicknesses of 16.40 metres, 35.23 metres and 49.04 metres. True widths of the intersections have not yet been established. Two of the completed holes were drilled on the edge of the north west limit of the synclinal structure. The deposit is still open to the east and will be tested during the Phase 1 drilling program.

The Phase 2 grid infilling drilling will be started immediately on completion of the Phase 1 drill program in order to upgrade the previous Chinese government resource estimates.

This news release has been reviewed and approved for release by William Meyer, P.Eng. Chairman of the Board, and designated Qualified Person.
 
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