Grant of Options

Providence Resources P.l.c. ("Providence" or the "Company")

                                Grant of Options


The  Board announces that, on 13 December  2010, options over ordinary shares of
€0.10  each in the capital of the  Company ("Ordinary Shares") have been awarded
to the following Directors and Company Secretary:



                  Number of options                             Total number of
    Director        over Ordinary   Exercise Price              Ordinary Shares
                   Shares awarded                  Expiry Date    over which
                                                               options are held


Tony O'Reilly                70,000          E2.95 13 Dec 2017           420,000

Philip O'Quigley             70,000          E2.95 13 Dec 2017           270,000

John O'Sullivan              70,000          E2.95 13 Dec 2017           315,538


Company Secretary


Michael Graham               40,000          E2.95 13 Dec 2017           135,269



These options have been awarded in accordance within the terms of the 2009 Share
Option  scheme and the exercise price has been fixed at the closing price on the
day of grant of the option.

The  total options held by  each director and the  secretary, as detailed above,
also include options held under the 2005 and the 1997 Share Option Schemes.







For further information please contact:

+-------------------+
| Michael Graham    |
+-------------------+
| Company Secretary |
+-------------------+
| [phone]    |
+-------------------+








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Source: Providence Resources plc via Thomson Reuters ONE

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