March 04, 2013 02:00 ET

Potential 6.5km Long Mineralized Zone identified in Prospecting Licence 2551

                                                                                       4 March 2013
                                         IMC Exploration Group Plc
                                         ("IMC" or the "Company")
               Potential 6.5km Long Mineralized Zone identified in Prospecting Licence 2551

IMC is pleased to announce additional encouraging results from the most recent drilling programme in
Wexford Licence PL2551.

A further mineralized gold zone has been identified in Hole 12-2551-06 over a 6.80m interval (52.20m -
59.00m), including 2.05m @ 0.23g/t, 0.50m @ 6.43g/t and 1.00m @ 0.23g/t.

This Hole is 500m along strike to the south-west of Hole 12-2551-02 (previously reported on 20 September
2012) and which intersected excellent gold and base metal values.

These positive results in Hole 12-2551-06 open up a previously unexplored area of up to 6.5km strike length
between Holes 12-2551-02 and 12-2551-04 with mineralized Hole 12-2551-06 situated in between.  This
represents a potential mineralized zone along strike to the south-western end of the licence, where
significant gold mineralization in Hole 12-2551-04 included a core interval from 11.50 to 13.00m that
yielded 354g/t gold (=11.38oz/t) and was previously reported on 12 December 2012.

IMC will continue its comprehensive exploration programme over this unexplored area during the coming
months in order to further define the extent of the mineralized zone.

Dr. Glenn Millar, Managing Director of IMC, commented "IMC is delighted that successive drilling to date
has continually reinforced the exploration potential of PL2551 culminating in the outlining of a potential
6.5km long zone of mineralization.  IMC is dedicated to delimiting this zone through further exploration."

The Directors of the Company accept responsibility for the contents of this announcement.

For further information please contact:

IMC Exploration Group Plc
Mr. Liam McGrattan
Investor Relations
Tel. Ireland: +353 87 2745427

Dr. Glenn Millar
Managing Director
Tel. Ireland: +353 86 1714790

Mr. Hugh Gibney
Executive Chairman
Tel. Ireland: +353 1 823 0510

LHM Casey McGrath
Mr. Con Casey
Tel. Ireland: +353 1 495 9200

Kathryn Byrne
Limelight Communications
Tel. Ireland: +353 85 2336033

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