Drilling Report

Ormonde Mining PLC
01 November 2007

01 November 2007



                               Ormonde Mining plc



 Ormonde reports wide gold intersection in first drillhole in sheeted vein gold
                              system in Salamanca



DUBLIN & LONDON: 01 November 2007 - Ormonde Mining plc ("Ormonde" or "the
Company") is pleased to report that the first drilling and trenching on a new
prospect termed "Sierro" at its Salamanca Gold Project in western Spain has
returned very encouraging wide gold intersections in a sheeted vein system.



The Company identified its ground holdings in Salamanca as having potential to
host large, granite-related gold systems and it now believes it may have located
such a system.





Main Points



  • The first hole on Sierro, drilled on a gold-in-soil geochemical anomaly
    some 800m long by 400m wide, returned gold over a 62 metre interval
    averaging 0.5 g/t, within a newly-defined sheeted vein system;



  • A trench excavated across the part of the anomaly tested by this drillhole
    returned 25 metres grading 1.0 g/t gold within a broad zone of 57 metres
    averaging 0.7 g/t gold;



  • Gold occurs as continuous mineralisation within wide zones of sheeted
    quartz veining of a broadly similar nature to the extensive systems hosting
    large low-grade granite-related gold deposits;



  • These thick gold intersections are deemed by the Company to be extremely
    encouraging; neither the trench nor the drillhole established the boundaries
    of the mineralised system and further drilling will be carried out to
    establish the extent and average grade of this system.





Kerr Anderson, Managing Director, said today,



"These latest drilling and trenching results highlight the potential for new
gold discoveries on our extensive exploration acreage in the Salamanca Project.
In particular, the first hole drilled in Sierro supports our belief that the
Salamanca area has the potential for large tonnage gold deposits. Although this
is only one hole, it is possibly one of the most significant drilled in our gold
programmes over the past few years, and we now intend to resume drilling on this
prospect.  In addition, our geochemical programmes continue to identify new
drilling targets; most of the permit area has not been sampled to-date by such
programmes."





Sierro



Ormonde has completed a single drillhole (WS-1) at Sierro for a total of 127.9
metres.  This hole was designed to give a rapid test to a large coherent
gold-in-soil anomaly some 800m long by 400m wide (> 75ppb gold).  To assist in
the location of the drillhole, a trench was excavated across part of the soil
anomaly.  Sampling of zones of quartz veining exposed in the trench returned
25.0 metres averaging 1.0 g/t gold, within a broader zone of 57.0 metres
averaging 0.7 g/t gold.  Hole WS-1 was drilled beneath this trench.



Hole WS-1 intersected a series of sheeted quartz veins cutting metasediments,
which can be traced up to the surface trench, and returned:


     From (m)             To (m)             Width (m)           Gold (g/t)
       32.0                94.0                62.0                 0.5





The style of sheeted quartz veining with an associated Ag-As-Bi-Sb geochemical
signature and the considerable thickness of the gold mineralisation, are broadly
similar to that seen in certain large tonnage gold deposits in other parts of
the world (these include Dublin Gulch with a grade of 0.9 g/t gold - under
evaluation; and Fort Knox with a grade of 0.8 g/t gold - in production, both in
North America).



The hole was collared in the middle of the gold anomaly, which is some 400
metres wide on this drill section, and has therefore only been partly tested by
drillhole WS-1.  A diagram is included in the PDF version of this announcement
at www.ormondemining.com/doc/press/pr071101.pdf.



Step-out drilling is now planned to test the lateral and vertical extent of the
gold mineralisation in this first hole.  In addition, these highly successful
soil sampling programmes will be extended to the other prospective parts of the
large permit area.





Kerr Anderson PhD EurGeol PGeo, Managing Director of Ormonde Mining plc, and a
qualified person as defined in the Guidance Note for Mining, Oil and Gas
Companies, March 2006, of the London Stock Exchange, has reviewed and approved
the technical information contained in this announcement.



A glossary explaining technical terms contained in this announcement can be
found at www.ormondemining.com/projects/glossary.htm.





Enquiries to:



Ormonde Mining plc

Kerr Anderson, Managing Director,

Fraser Gardiner, Director

Tel: [phone]



Bankside Consultants

Simon Rothschild   Tel: [phone]   Mobile: [phone]



Davy (Nominated Adviser to Ormonde)

Fergal Meegan   Tel: + 353 1 6796363





ENDS





About Ormonde



Ormonde Mining plc is quoted on the AIM in London and the IEX in Dublin.
Ormonde is a mineral development and exploration company focused on Spain, with
the objective of developing mining projects and taking them into production.



Ormonde's main projects are the La Zarza Copper-Gold-Zinc Project in southern
Spain where a Bankable Feasibility Study is being carried out by leading
international engineering firms and the Barruecopardo high-grade tungsten
deposit in the Salamanca area where a continuous programme of in-fill and
step-out drilling is now underway with a view to fast-tracking the evaluation of
this project.



For more information please visit www.ormondemining.com.


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