Approval of Resolutions

Celtic Resources Holdings PLC
30 April 2002


                         Celtic Resources Holdings Plc


            Approval of resolutions at Extraordinary General Meeting
                             held on 26 April, 2002


Further to the approval of the allotment at an Extraordinary General Meeting of
Celtic Resources Holdings Plc ("Celtic" or "the Company") held on 26 April, 2002
of 28,599,999 New Ordinary Shares pursuant to the Placing announced on 26 March,
2002, Celtic announces that application is expected to be made on 2 May, 2002 to
the Irish Stock Exchange for permission for these New Ordinary Shares to be
admitted to the Exploration Securities Market of the Irish Stock Exchange.
Dealings therein are therefore scheduled to commence on 7 May, 2002.


For more information please contact:



Kevin Foo / Claire Bolton                                    Eugenee Mulhern
Celtic Resources Holdings Plc                                Davy Corporate Finance Limited
Tel: + 44 (0) 20 7593 0001                                   Tel: + 353 1 679 6363
[e-mail]                             [e-mail]

                            www.celticresources.com



30 April 2002






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