Update on Salamon

Ormonde Mining PLC
30 March 2004

                               Ormonde Mining plc

  Regional sampling, including high-grade nickel targets, to commence ahead of
                              drilling at Salamon

The Board of Ormonde Mining plc ("Ormonde" or "the Company") is pleased to
announce that exploration activities are resuming on the Salamon gold deposit
and the 120 km2 of exploration permits over and around the deposit. Winter snow
cover has now cleared and work will commence in early April ahead of further
drilling at Salamon.

These permits overlie the highly prospective carbonate sequence which hosts the
Salamon gold deposit along the extension of the regionally important Leon Fault,
on which Salamon is located. Detailed trenching will be carried out as a
priority over a 25 metre wide zone of alteration in the footwall to the main
mineralized zone at Salamon. Channel samples collected at the end of last year
from this zone returned an average grade of 8.6 g/t gold, with best values of
44.8 g/t gold (see 2nd December 2003 announcement). In addition to this
trenching, a soil sampling programme is planned immediately east of the deposit
(along the main Leon Fault), designed to identify repetitions of the high-grade
gold mineralization seen at Salamon. This work will be carried out ahead of the
next phase of drilling scheduled for June.

Prospecting will also be carried out on permits located some 35 kilometres west
of Salamon. Two important old workings in this area exploited mineralization
from sub-vertical pipes ("mantos") within the limestones, with historic records
documenting spectacular production grades of 1.5% nickel, 0.9% cobalt and 2.2%
copper, and 0.9% nickel, 0.7% cobalt and 1.6% copper, respectively. Samples
previously collected from waste dump material at these workings returned
high-grade gold assays of up to 22 g/t in the former and 51 g/t in the latter,
and an association with platinum group metals has also been recognised.
Prospecting will prioritise on seeking possible extensions or repetitions of
this exceptional mineralization.

Managing Director Kerr Anderson commented: "These programmes to be implemented
in the coming field season represent an exciting opportunity for the Company to
build on the solid progress made at Salamon last year, and to generate drilling
targets in new areas. The Company is also currently evaluating other advanced
opportunities in northern Spain."

Further details about Salamon and all of the Company's activities are available
on its website at www.ormondemining.com.

Enquiries to:

Kerr Anderson - Managing Director

Ormonde Mining plc

Tel: [phone]

[e-mail]

Colin Andrew - Chairman

Ormonde Mining plc

Tel: [phone]

[e-mail]

John Carroll - Director

Ormonde Mining plc

Tel: [phone]

[e-mail]

Eugenee Mulhern

Davy Corporate Finance Limited

Tel: [phone]

30 March 2004


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