Drilling Report

08 May 2008
 
                         Ormonde Mining plc
 
   Ormonde Drilling Indicates Major Tungsten Zone at Barruecopardo
                           Project, Spain
 
DUBLIN & LONDON: 08 May 2008  - Ormonde Mining plc ("Ormonde" or  the
"Company") reports that its drilling  programme has now shown that  a
substantial, wide,  tungsten  zone,  containing  several  high  grade
intervals, exists below  the historic open-pit  at its  Barruecopardo
Tungsten Project in Salamanca, Spain.
 
 
*          New drilling, targeted at investigating the mineralisation
  below the historic open pit mine, indicates that the previously
  mined Filon Principal Zone ("FP Zone") is a major tungsten zone
  containing high grade mineralisation.
 
*          This zone has the potential to add significant scale to
  the Project's existing resource base. Ormonde's January 2008
  resource estimate of 1 million tonnes at 0.7% WO3 was primarily
  based on the adjacent Filon Maestro and Filon Central Zones.
 
*          Drilling to-date has only tested the Filon Principal Zone
  to a depth of 80 metres below the base of the open pit.  This zone
  is at least 850m in length, open both to the north and to the south
  and at depth, highlighting the potential for further expansion.
 
*          The drilling results from the Filon Principal Zone include
  those from BAR-35, which intersected true width intervals of 63
  metres grading 0.25% WO3 including three high grade intervals of 2
  metres grading 4.48% WO3, 1 metre grading 2.11% WO3 and 4 metres
  grading 0.89% WO3. This hole demonstrates continuity of the broadly
  similar tungsten intersections in BAR-26B, located 100m to the
  south, as previously reported in April.
 
*          A PDF version of this announcement which includes images
  relating to today's announcement is available at
  www.ormondemining.com/doc/press/pr080508.pdf.
 
 
Kerr Anderson, Managing Director, said:
 
"The recent  drilling, by  establishing Filon  Principal as  a  major
tungsten zone,  provides a  considerable boost  to our  Barruecopardo
project, indicating the likelihood of  adding scale to the  Project's
existing resource base and economic  potential.  We continue to  have
high expectations  that Ormonde  will become  a significant  European
tungsten producer."
 
 
The following table lists  all of the available  results from the  FP
Zone under  the open  pit,  showing the  overall width  and  tungsten
grades over the full width of the FP Zone, and the higher grade zones
within it.  The drill holes are ordered from south to north.
 
 

+-----------------------------------------------------------------------+
|         |Total Zone                    |High Grade Intervals          |
|---------+------------------------------+------------------------------|
|Hole     |From   |Width  |True   |WO3%  |From   |Width  |True   |WO3%  |
|         |(m)    |(m)    |Width  |      |(m)    |(m)    |Width  |      |
|         |       |       |(m)    |      |       |       |(m)    |      |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|*BAR-38  |98.0   |18.0   |12.5   |0.22  |98.0   |1.0    |0.7    |2.84  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|BAR-20   |127.0  |13.0   |9.5    |0.26  |137.0  |3.0    |2.2    |1.02  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|*BAR-35  |124.0  |82.0   |62.6   |0.25  |141.0  |5.0    |3.8    |0.89  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|         |       |       |       |      |160.0  |2.0    |1.5    |4.48  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|         |       |       |       |      |190.0  |1.0    |0.8    |2.11  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|BAR-26B  |138.0  |67.0   |49.0   |0.30  |138.0  |7.0    |5.1    |1.10  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|         |       |       |       |      |185.0  |4.0    |2.9    |0.93  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|         |       |       |       |      |203.0  |2.0    |1.5    |1.87  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|*BAR-36  |117.0  |32.0   |20.9   |0.17  |124.9  |4.1    |       |0.55  |
|---------+-------+-------+-------+------+-------+-------+-------+------|
|         |       |       |       |      |145.0  |4.0    |       |0.37  |
|---------+------------------------------+-------+-------+-------+------|
|*BAR-37  |No significant results        |       |       |       |      |
+-----------------------------------------------------------------------+

 
* New holes.
 
 
The following holes drilled  immediately north of  the open pit  show
the continuation of the FP Zone  as a series of multiple,  high-grade
zones:
 

+-------------------------------------------------------+
| Hole    | From (m) | Width(m) | True Width (m) | WO3% |
|---------+----------+----------+----------------+------|
| BAR-02  | 53.0     | 1.0      | 0.8            | 0.68 |
|---------+----------+----------+----------------+------|
|         | 79.0     | 3.0      | 2.5            | 0.32 |
|---------+----------+----------+----------------+------|
|         | 110.0    | 1.0      | 0.9            | 0.57 |
|---------+----------+----------+----------------+------|
| BAR-27  | 28.0     | 4.0      | 3.3            | 0.40 |
|---------+----------+----------+----------------+------|
|         | 72.0     | 1.0      | 0.8            | 1.10 |
|---------+----------+----------+----------------+------|
|         | 80.0     | 1.0      | 0.8            | 0.53 |
|---------+----------+----------+----------------+------|
| *BAR-39 | 10.0     | 1.0      | 0.8            | 3.16 |
|---------+----------+----------+----------------+------|
|         | 50.0     | 1.0      | 0.8            | 0.71 |
+-------------------------------------------------------+

 
* New holes
 
In interpreting these results the following should be noted:
 
*          The wide tungsten zone beneath the old abandoned open-pit
  consists of a 10m to 63m true width mineralised zone, grading 0.17
  to 0.30% WO3,  In the centre of the pit this zone contains three
  high grade intervals varying from 1m to 5m in true width and
  varying in grade from 0.89% to 4.48% WO3.
 

  * Tungsten mineralisation in the FP Zone occurs in the form of
    scheelite contained in a steeply dipping series of dense quartz
    veins.

 

  * The FP Zone will be included in the Company's updated resource
    estimate, due by the end of Q2.

 

  * Previous open pit mining was focused primarily on the FP Zone.
     Gravity processing of material derived from this zone is
    therefore a proven technology, and the previous operation at
    Barruecopardo is known to have produced a clean, high quality
    scheelite concentrate.

 
 
Results have also been received for one previously unreported  infill
hole, BAR-30, drilled in  the northern area  of the Project.   BAR-30
intersected high grade tungsten  mineralisation in the Filon  Central
Zone:
 

+--------------------------------------------------------------------+
|        |Total Zone                   |High Grade Intervals         |
|--------+-----------------------------+-----------------------------|
|Hole    |From  |Width  |True   |WO3%  |From  |Width  |True   |WO3%  |
|        |(m)   |(m)    |Width  |      |(m)   |(m)    |Width  |      |
|        |      |       |(m)    |      |      |       |(m)    |      |
|--------+------+-------+-------+------+------+-------+-------+------|
|BAR-30  |58.0  |9.0    |6.9    |0.38  |58.0  |1.0    |0.8    |2.36  |
|--------+------+-------+-------+------+------+-------+-------+------|
|        |      |       |       |      |66.0  |1.0    |0.8    |0.98  |
+--------------------------------------------------------------------+

 
 
All assays  are  reported using  the  ICP lithium  metaborate  fusion
method.  All  values  greater  than 0.1%  tungsten  are  subsequently
analysed by the XRF method.
 
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.html.
 
 
Enquiries to:
 
Ormonde Mining plc
Kerr Anderson, Managing Director   Tel: [phone]
Fraser Gardiner, Director   Mob: [phone]
 
Bankside Consultants
Simon Rothschild / Louise Mason  Tel: [phone]   Mob:  +44
(0)7703 167065
 
Davy (Nomad / IEX Adviser)
Fergal Meegan  Tel: [phone]
 
Brewin Dolphin (UK Adviser)
Gordon Culfeather  Tel: [phone]
 
 
ENDS
 
Further Information About Barruecopardo
The  Company's   January   2008  Inferred   Resource   estimate   for
Barruecopardo was 1 million tonnes at  an average grade of 0.7%  WO3,
for 700,000 metric  tonne units  of contained WO3.   The deposit  has
only been  partly explored  to  a shallow  depth  and is  open  along
strike, and  the  Company  estimated in  January  that  the  resource
potential down to 350m would be in the order of 3-4 million tonnes.
 
In  January  Ormonde  reported  its  Order-of-Magnitude  Study  which
indicated a start-up  underground production rate  of 200,000  tonnes
per year, which could result in tungsten production of 90,000  metric
tonne units of WO3 per year.  The production rate could be  increased
post start-up if,  as expected, the  reserve base at  the Project  is
upgraded on  further drilling.   The  Study estimated  total  capital
costs to develop the Project in the region of ¤10-15 million, and net
surplus cashflows from the initial operation of ¤5 million per year.
 
 
About Tungsten
Tungsten is most frequently used as tungsten monocarbide, which has a
hardness close  to  diamond,  in cemented  carbides.   The  principal
tungsten applications  include  its  use in  cutting  steels  and  in
tungsten alloys, electronics, and chemical products.
 
Prices of tungsten  concentrates are expected  to remain buoyant  for
the long term, and are currently quoted by the Metal Bulletin in  the
range $160-$180 per metric tonne unit.  A metric tonne unit is  equal
to 10kg of WO3, which equates to 1.0% contained WO3 in the rock.
 
 
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.
 
For more information please visit www.ormondemining.com.

---END OF MESSAGE---