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[1waving] 15/4/2008 14:13

Excellent results. Will add a lot of resource ounces.

Glencar Mining plc

15 April 2008

Drilling Update

Glencar intersects 56 metres at 3.72 grams/tonne in Komana East drilling programme

Highlights

Current drilling programme will impact very significantly on the next Komana resource update
Strike length of mineralisation drilled to date extended to 1,100 metres
Average grade of mineralisation intersected in the ore zone is in excess of 3.5 grams/tonne
Latest drilling results include 56m at 3.72 grams/tonne and 16 metres at 14.6 grams/tonne
Further stepout drilling results awaited and drilling is continuing
Glencar Mining plc , ("Glencar" or "the Company"), the AIM and IEX listed company with gold exploration interests in Africa, is pleased to announce assay results from the ongoing drilling campaign at its Komana East target in southern Mali.

The assay results reported below confirm the belief that the Komana East deposit is one with considerable size potential. The consistently good widths and the high average grades encountered mean that resource gold ounces can be quickly developed. Glencar controls a total of 23 kilometres of strike length along the shear structure to the north and south of Komana East within the Komana licence and the mineralisation there is open along strike in both directions and at depth. An additional nine kilometres of strike length to the north is controlled by Glencar within the Sanioumale licence, one of the licences under joint venture with a subsidiary of Gold Fields Limited.

Since our last statement on 26 March 2008, Glencar has continued to drill the Komana East target with very exciting results. The programme to date comprises 34 holes, for 3,918 metres of RC drilling and 255 metres of diamond core drilling. Of the 34 holes drilled at Komana East to date, assays have been received for 20 holes. The latest holes reported in this release were drilled both as 100 metre stepout fencelines to the north and south of the previously reported results, and deeper, cored drillholes within the previously drilled zone (Note 1). The results of the latest holes drilled through the ore zone are as follows:

KEDD344 16 metres at 14.6 grams/tonne (uncut) or 16 metres at 11.9 grams/tonne (cut) from 111 metres to 127 metres and the hole bottomed in the ore zone (Note 2).
KERC361 56 metres at 3.72 grams/tonne from 21 metres to 77 metres and the hole bottomed in the ore zone due to rig breakdown.
KERC416 13 metres at 1.83 grams/tonne from 81 metres to 94 metres.

Assay results are awaited from two further stepout fencelines to the south and from two stepout fencelines to the north. The northern fencelines, in particular, each displayed very extensive, visual indications of good grade mineralization. If these boreholes in the northern stepout fencelines report ore grade assays as expected, the drilled strike length of the main ore zone will then be 1,300 metres with assays still awaited from two further 100 metre stepout fencelines to the south.

Other holes which were drilled outside of the projected ore zone returned the following assays:

KERC143 2 metres at 4.85 grams/tonne from 20 metres to 22 metres
KERC146 3 metres at 1.73 grams/tonne from 43 metres to 46 metres

Boreholes KERC139, KERC144 and KERC147, KERC360, KERC362 and KERC365, all drilled outside the projected ore zone, did not report significant grades above 0.5 grams/tonne.

Because of the importance of the results at Komana East, and in view of the delays being experienced in receiving assay results from the laboratory, we have requested the laboratory to prioritise the results from Komana East which means that the outstanding results from Komana West and Solona drilling will be received after those from Komana East.

The Komana East target is approximately seven kilometres east of Glencar's Komana West deposit and drilling by the previous licencee Randgold in the area in the 1990s had already outlined a non - JORC compliant resource of 280,000 ounces of gold. The mineralization at Komana East is contained within a brecciated, silicious metasediment. Details of the drillhole locations will be published shortly on the Company's website at www.glencarmining.ie.

We are very pleased to be able to report such exciting drilling results from the Komana East target. It is the culmination of a carefully constructed exploration programme in a very prospective area, which has already shown its great potential in the discovery of the Komana West deposit. The emerging Komana East deposit points to the likely development of a mining camp in the Komana region, comprising both Komana East and West deposits, with still excellent potential both for extensions to the existing deposits and the discovery of additional satellite deposits within this highly prospective Sankarani shear system. We anticipate that current drilling programme will impact very significantly on the next Komana resource update.

--------------------------

Very major deposits at Komana which the Gold Majors will be taking a look at.

[999dreamer] 15/4/2008 14:02

waving

yes i have a small holding
cant see rns?
price is stable on my screen
can u post rns plz

[1waving] 15/4/2008 13:43

999d
Recommended Glencar GEX to you a couple of weeks ago, did you get in ??

Excellent drilling update from them this morning.

[rbcrbc] 12/4/2008 22:50

HAWK should double within 12 months

[999dreamer] 12/4/2008 22:39

circle oil looks good
imo

director bought
asian guy

will fly i reckon

[poppadomonlinedotcom] 12/4/2008 22:32

what's the epic code please

poppadomonline.com

[999dreamer] 12/4/2008 22:29

circle oil looks good
imo

director bought
asian guy

will fly i reckon

[999dreamer] 12/4/2008 22:29

circle oil looks good
imo

director bought
asian guy

will fly i reckon

[999dreamer] 12/4/2008 22:29

circle oil looks good
imo

director bought
asian guy

will fly i reckon

[boywonder3] 12/4/2008 22:18

have a look at
ramco thread ros
looks interesting--------dyor as ever

[poppadomonlinedotcom] 12/4/2008 12:38

NNG

poppadomonline.com

[999dreamer] 10/4/2008 19:15

any bargins

[latifs100] 10/4/2008 14:09

business systems group 13p... no debt, cash of 7.5 mill

[999dreamer] 10/4/2008 14:05

any bargins

[999dreamer] 08/4/2008 19:19

any bargins