Belmore Resources (Holdings) plc

April 08, 2010 10:08 ET

Result of AGM

                                                                                      8 April 2010
                                 Belmore Resources (Holdings) Plc
                                          ("the Company")
                                           Result of AGM

The Board of Belmore Resources, a minerals exploration company with a focus on projects in the
Republic of Ireland, announces that at the Company's Annual General Meeting held yesterday at
Grand Canal Hotel, Grand Canal Street, Dublin 4 all resolutions proposed to shareholders were duly


              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 7562 3389
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 11 prospecting licences
covering 392.75 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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