Salamanca Tungsten Update

Ormonde Mining PLC
23 January 2007

23 January 2007



                               Ormonde Mining plc

                           Salamanca Tungsten Update


DUBLIN & LONDON: 23 January 2007 - Ormonde Mining plc ("Ormonde" or "the 
Company") updates on its tungsten projects located in the Salamanca area in
western Spain.

Results have been received from the initial gravity testwork on the Tungsten
Tailings Project, which show that it is difficult to recover the tungsten in the
tailings material into a gravity concentrate. This is interpreted as being due
to the very fine grain size of the tailings material. To complete the
programme, testwork will be carried out using a Knelson Concentrator. However
it is unlikely that sufficient tungsten can be economically recovered into a
saleable concentrate.

Evaluation work continues on the "hard rock" tungsten mineralization reported in
recent drilling results from the northern extension of the Barruecopardo vein
system. This mineralization is extremely coarse grained so that the difficulties 
encountered in relation to the finely ground tailings material should not recur. 
Detailed drilling is commencing to investigate the continuity of encouraging 
high grade mineralization intersected in the first drilling campaign. 
Mapping on surface suggests reasonable continuity of the vein system over 800 
metres of strike, which is steeply dipping and hosted in competent granite 
rocks.

Kerr Anderson, Managing Director commented:

"While the results in relation to the tailings are disappointing, expenditure on
the project to date has not been significant. Furthermore the economic benefit
from successful evaluation and development of the "hard rock" mineralization
would, if realised, significantly exceed any targeted from the tailings. We are
also continuing to make good progress on the La Zarza Bankable Feasibility Study
and the Company shortly expects to sign feasibility study contract agreements
with two international engineering firms."


Enquiries to:

Kerr Anderson, Managing Director,
Ormonde Mining plc   Tel: [phone]

Fraser Gardiner, Director,
Ormonde Mining plc   Tel: [phone]

Simon Rothschild,
Bankside Consultants   Tel: [phone]   Mob: [phone]



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