Drilling Report

Ormonde Mining PLC
01 April 2008

01 April 2008



                               Ormonde Mining plc



 Ormonde Reports its Best Drilling Intersection To-Date from the Barruecopardo
                          Tungsten Project, Salamanca



DUBLIN & LONDON: 01 April 2008 - Ormonde Mining plc ("Ormonde" or the "Company")
is pleased to report very significant drilling results from its Barruecopardo
Tungsten Project in Salamanca, Spain (the "Project").  The new drillhole results
include a very thick 67 metre intersection in the first hole below the central
portion of the historic open pit.  This is also the first hole through the
centre of the Filon Principal Zone and it represents the best intersection to
date on the Project.  Importantly, this is in an area of the deposit not
included in the Company's published resource estimate.





Highlights



•         Hole BAR-26B, the first hole drilled through the central portion of
the Filon Principal Zone and beneath the centre of the open pit, has returned an
interval of 67 metres grading 0.3% WO3.



•         This very thick intersection has an estimated true thickness of 49
metres and includes three high-grade intervals of 7 metres grading 1.1% WO3, 4
metres grading 0.9% and 2 metres grading 1.9% WO3.



•         In addition, hole BAR-31, drilled through the Filon Maestro and Filon
Central zones, intersected 3 metres grading 1.3% WO3.



•         All drilling results received to date and plans of the Project area
are contained in the PDF version of this announcement at www.ormondemining.com/
doc/press/pr080401.pdf.



•         Ormonde will be presenting the Project at the Global Tungsten Forum in
London on Wednesday 2nd April.  See www.global-forums.co.uk for full details.





Kerr Anderson, Managing Director, said:



"This is by far the best set of drilling results we have reported so far on the
Project.  Our drilling to-date has been largely concentrated on the Filon
Maestro Zone.  The BAR 26B results, however, serve to highlight the potential of
the adjacent Filon Principal Zone, demonstrating that it also contains high
grade zones and that there may be substantial, thicker mining zones under the
existing pit.   Historical records indicate that Barruecopardo was one of
Europe's main tungsten mines, and we believe that our results to-date point
towards Barruecopardo again becoming a very significant Western tungsten
producer."





The Company's January 2008 Inferred Resource estimate 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.





New Drilling Results



Significant assay results received since the last drilling report are as
follows:


Hole          From (m)        Width (m)             True Width (m)                        WO3%           Zone
BAR-26B       138.0           67.0                  49.0                                  0.3            FP
including     138.0           7.0                   5.1                                   1.1
and           185.0           4.0                   2.9                                   0.9
and           203.0           2.0                   1.5                                   1.9
BAR-31        32.0            3.0                   2.3                                   1.3            FC
BAR-32        42.0            1.0                   0.7                                   0.4            FA
and           52.0            1.0                   0.7                                   0.5            FA



Zone codes:

FA = Filon Abilio Zone

FP = Filon Principal Zone

FC = Filon Central Zone

FM = Filon Maestro Zone



Drill hole BAR-26B was drilled under the main open pit in an area of the deposit
not included in the Company's January 2008 resource estimate.  The
interpretation of the hole shows that it intersected the depth extension to the
Filon Principal Zone mined by the historic open pit, some 70 metres below the
base of the pit.  Notably, the Zone in this hole is much thicker than that
documented in the old records.  This supports Ormonde's model that the Filon
Principal Zone comprises high-grade tungsten mineralisation within a broader,
overall lower grade mineralised zone.



BAR-31 was an infill hole targeting the Filon Central and Maestro Zones.  The
hole intersected both zones, with Filon Maestro returning no significant values
and Filon Central returning a high-grade interval.



BAR-32 was the first hole into the Filon Abilio Zone to the east of all other
zones and returned two narrow intervals of moderate grade.



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,
Fraser Gardiner, Director
Tel: [phone]

Bankside Consultants
Simon Rothschild / Louise Mason  Tel: [phone]   Mob: [phone]

Davy (Nomad / IEX Adviser)
Fergal Meegan  Tel: [phone]

Brewin Dolphin (UK Adviser)
Gordon Culfeather  Tel: [phone]





ENDS





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.


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            The company news service from the London Stock Exchange