American Stock Exchange Lists Common Stock of Rio Narcea Gold Mines, Ltd. NEW YORK, Feb. 25 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today listed the common stock of Rio Narcea Gold Mines, Ltd. under the ticker symbol RNO. Rio Narcea Gold Mines, Ltd. is a growing mineral resource company with operations, development projects and exploration activities in Spain and Portugal. In Spain, the Company is producing gold at its 100%-owned El Valle and Carles mines and rapidly advancing the development of its 100%-owned Aguablanca nickel-copper-PGM deposit. Construction of the Aguablanca mine remains on schedule for commissioning in late 2004. The Company has also established a new business development division to actively seek and pursue quality investment opportunities on a global basis. "We are pleased to welcome Rio Narcea to the American Stock Exchange," said John McGonegal, vice president of the Amex Equities Group. "As a global leader in gold and mining listings, we look forward to working with Rio Narcea on building increased investor attention within the U.S. marketplace." "The listing on the Amex offers an excellent platform for Rio Narcea to further raise its corporate profile and broaden its base of investors in thelarge U.S. capital markets. We also anticipate that our new Amex listing will further increase our share liquidity. We view the listing as another milestone as we work towards our near-term objective of joining the ranks of the mid-tier mining companies," said Alberto Lavandeira, President and CEO. The specialist in Rio Narcea Gold Mines, Ltd. will be Kellogg Capital Group. For further information on RNO and other Amex-listed companies, please visit http://www.amex.com/. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 138 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT: Lynn Teresky of the American Stock Exchange, +1-212-306-1654, Web site: http://www.amex.com/

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