Barruecopardo Drilling Progress

The Board of Ormonde is pleased to report the first results from the current infill drilling programme at its flagship Tungsten project in Barruecopardo and progress on the project permitting process. Fifteen holes of the current programme have so far been drilled. Assay results from the initial three holes on the southern extreme of the deposit, where all current resources are in the Inferred category, have been received and are reported below.

Main Points

All three holes encountered tungsten mineralisation with expected widths and grades in line with previously reported wider spaced holes in the narrower southern extreme of the deposit where these holes are located.

Results include 6 metres grading 0.5% WO3 (tungsten trioxide), 3 metres grading 0.8% WO3 and 2 metres grading 2.0% WO3.

A total of fifteen holes have been drilled to-date in this programme and drilling continues. Further assay results from this drilling will be released on a 4-5 week basis over the coming months.

Preparation of further documentation in the permitting process is progressing in close with our Spanish consultants.

Kerr Anderson, Ormonde s Managing Director, said: The drilling is progressing well with these initial results from the narrow southern extent of the deposit in line with our expectations. Following submission in January of initial permitting documentation and the application for a mining concession, our focus at Barruecopardo in the coming months is on advancing the required technical works and the permitting process for a Mining Concession.

I look forward to reporting on-going progress on both fronts. Tungsten prices have continued to rise due to on-going supply shortages with the European tungsten APT price now quoted as US$368-372 per metric tonne unit (mtu), a rise of almost 50% in the past six months.

Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.