Director Shareholding

Ormonde Mining PLC
26 October 2004

Ormonde Mining PLC

26 October 2006

Ormonde Mining plc ('Ormonde' or 'the Company')

Directors' Interests in Shares

Options over ordinary shares of nominal value €0.025 in the Company (the
'Options') have been granted to the Directors of Ormonde under the Company's
Share Option Scheme (the 'Option Scheme'). The exercise price of each option
granted under the Option Scheme is €0.13. The Options are exercisable at any
time up to 23 August, 2014.

The Options granted to Directors were as follows:

Name of Director Options granted

C Andrew 100,000

K Anderson 700,000

J Carroll 700,000

M Donoghue 700,000

A Bell 200,000

The total number of Options held by the Directors under the Option Scheme is now

as follows:

Name of Director Options granted

C Andrew 1,000,000

K Anderson 2,200,000

J Carroll 2,200,000

M Donoghue 1,450,000

A Bell 200,000


Enquiries to:

Kerr Anderson - Managing Director

Ormonde Mining plc

Tel: [phone]

[e-mail]

John Carroll - Director

Ormonde Mining plc

Tel: [phone]


26 October, 2004


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