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Drilling Update - Storuman Project

Author : J GALE

01 February 2011

Tertiary Minerals plc, a diversified mineral explorer and developer building a significant strategic position in the fluorspar sector is pleased to announce an initial batch of drilling results from the resource definition drilling programme completed at its Storuman fluorspar project in Sweden during late 2010.

The Company also announces the appointment of expert consultants, SRK Consulting (Sweden) AB (“SRK”) for Mineral Resource estimation.

Key Points

Resource definition drilling programme comprised 46 holes on 200m x 200m grid.

14 holes being reported today; results in line with expectations

All 14 holes hit fluorspar mineralisation of economic significance.

Results characterised by :

wide intervals of fluorite mineralisation suitable for open pit mining - up to 20.2m thick grading 11.2% fluorspar from bedrock surface in hole 10TS18.

discrete higher grade intervals that may be amenable to mechanised underground mining – e.g. 3.5m grading 23.4% fluorspar in Hole 10TS45 and 3.3m grading 19.4% fluorspar in Hole 10TS17.

SRK Consulting (Sweden) AB ("SRK") appointed for Minerals Resource Estimation.

Publication of the maiden 1JORC Mineral Resource Estimate for the project expected at the end of this quarter.

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