Exercise of Options

Kenmare Resources PLC
28 November 2006










 Kenmare Resources Plc.










Chatham House, Chatham St, Dublin 2, Ireland.

Rua de Chuindi No.67 R/C, Maputo, Mozambique.

Website : www.kenmareresources.com










Tel: [phone]
Fax: [phone]

Tel: [phone]
  Fax:  [phone]

Email : [e-mail]





Kenmare Resources plc ('Kenmare' or 'the Company') Announcement



20th November 2006

                            RE : Exercise of Options





Options to subscribe for 700,000 Ordinary Shares of €0.06c in the capital of
Kenmare have been exercised. Application has been made to the Irish Stock
Exchange and the UK Listing Authority for the new Ordinary Shares to be admitted
to, respectively, the Official List of the Irish Stock Exchange and the Official
List of the UK Listing Authority and to the London Stock Exchange for the new
shares to be admitted to trading. The new Ordinary Shares rank pari passu in all
respects with the existing Ordinary Shares.







Tony McCluskey

Financial Director

This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.








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