Belmore Resources (Holdings) plc

April 23, 2010 06:30 ET

Issue of Warrants

                                                                                     23 April 2010
                                 Belmore Resources (Holdings) Plc
                                          ("the Company")
                                         Issue of Warrants

The  Board  of Belmore Resources, a minerals exploration company with a focus on projects  in  the
Republic  of  Ireland, announces that the Board yesterday agreed to issue Warrants over  1,000,000
Ordinary  Shares exercisable at a price of 4p per share at any time up to 22nd April  2013  to  Mr
John Colthurst, the Company's technical consultant.


              The directors of the issuer accept responsibility for this announcement

Belmore Resources (Holdings) Plc                                         Tel: 00353 876812883
Patrick Mahony

Bishopsgate Communications Ltd                                           Tel: 020 7562 3350
Nick Rome/Michael Kinirons

Rivington Street Corporate Finance                                       Tel: 020 80990571
Eran Zucker

Notes to Editors

About Belmore

Belmore  is  a minerals exploration company with a focus on projects in the Republic  of  Ireland.
Whilst prospects for any mineral will be considered, priority will be given to the Company's  zinc
exploration properties in County Clare.

Clare  Blocks  (Republic of Ireland): Belmore now has a 100% interest in 10  prospecting  licences
covering 360 sq kilometres.

As  announced by the Company in April 2008 diamond drilling on Prospecting Licence 3679, in  which
Belmore  holds a 100% interest, near Quin in County Clare, intersected newly discovered  zinc  and
lead  mineralisation.  The drillhole intersected 18 metres of massive sulphide at the base of  the
Waulsortian Reef.  The top part of that massive sulphide consists of virtually barren  pyrite  but
the  bottom  part contains high-grade zinc and lead sulphides as well as pyrite and  arsenopyrite.
The  interval from 448.1 to 458.1 metres gave the following composite result:  10 metres at 13.84%
Zinc, 5.52% Lead and 62.84 gm/tonne Silver.

As  announced on the 26th February 2009, Belmore has entered into an agreement with Lundin  Mining
Exploration  Ltd,  in  respect of Prospecting Licences that the Company  currently  holds  in  Co.
Clare.   Lundin has a right to earn up to a 70% interest in the Prospecting Licences that  Belmore
currently holds in Co. Clare by spending up to €14.7 million over a number of years.  In June 2009
Lundin exceeded the agreed initial expenditure of €700,000 and has since that time accelerated its
earn-in spending.

Previous  exploration  identified a high-grade resource of zinc and lead  rich  massive  sulphides
(approximately 400,000 tonnes @ 12% zinc plus lead and 75g/t silver) in the area of Milltown.

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