BELMORE RESOURCES (HOLDINGS) PLC
("BELMORE" OR "THE COMPANY")

DRILLING PROGRAMME ON "CLARE LICENCES"

The  Board of Belmore, a minerals exploration company with projects and licence
applications  in  the  Republic  of Ireland and Northern Ireland, is pleased to
announce the recommencement of drilling  on  its  Prospecting  Licences  in Co.
Clare, Republic of Ireland.

The  Programme  comprising 9 holes for a total of 1,600 metres, is expected  to
commence on 3 May  2005,  and  is  designed  to  add  to  zinc/lead  and silver
mineralisation previously identified by drilling and to explore new prospects.

The  Clare  licences  are  located  50  kilometres southwest of Tynagh, and  40
kilometres west north-west of Silvermines,  both of which are previously worked
zinc-lead-silver deposits hosted in similar geology.

Previous exploration on the Clare Block licences identified a copper deposit at
Ballyvergin. Between 1995 and 1998 a drilling programme identified a high-grade
resource of zinc and lead rich massive sulphides  (approximately 400,000 tonnes
@ 12% zinc plus lead and 79g/t silver) in the area of Milltown. 
Furthermore, an "iron formation" (haematite and silica)  has  been found.  Iron
formations  occur at every major Irish deposit such as Tynagh, Lisheen,  Galmoy
and  Silvermines,   and   is   highly   encouraging   for  additional  sulphide
mineralisation to be found in the area.

There  are four major structural targets: Milltown and Bunavory,  Fortane  Beg,
Spancil Hill (all containing massive calcite) and Kilmurry.

An ore genesis  study  by  Professor  Murray  Hitzman of the Colorado School of
Mines was carried out on the Clare Block exploration  data  and  drill  core in
2000 for Billiton and, concluded that:

  The regional geology of the area suggests that while there are similarities
  with other nearby ore-bodies, there seems to have been the discovery of a new
  style of mineralisation in the southwest of Ireland; and

  The  Milltown  prospect,  while containing similar features to other nearby
  prospects such as Carrackittle,  is  interesting  due  to the higher grades
  and more continuous quantities of massive sulphides.

Pat Mahony, Managing and Finance Director, commented on  today's  announcement:
"TODAY'S  NEWS  HIGHLIGHTS  THE  COMPANY'S  CURRENT STRONG POSITION WITHIN  THE
EXPLORATION SECTOR. GIVEN THE POSITIVE RESULTS OF THE STUDY BY PROFESSOR MURRAY
HITZMAN AND THE PREVIOUS EXPLORATION ON THE CLARE  BLOCK  LICENCES,  WE BELIEVE
THAT  IT  IS AN OPPORTUNE TIME TO RECOMMENCE DRILLING. THE COMPANY IS CONFIDENT
THAT THE DRILLING  WILL  LEAD  TO INCREASED ZINC/LEAD AND SILVER MINERALISATION
BEING FOUND IN THE AREA".

ENDS

The directors of the issuer accept responsibility for this announcement

ENQUIRIES:

BELMORE RESOURCES (HOLDINGS) PLC         TEL: 00 35387 681 2883
REGISTERED OFFICE ADDRESS
103 Rathfarnham Wood, Dublin 14, Ireland
Patrick Mahony                         

BISHOPSGATE COMMUNICATIONS LTD               TEL: 020 7430 1600
Maxine Barnes                             MOBILE: 07860 489 571
Dominic Barretto                          MOBILE: 07930 450 156
                             
OFEX ADVISOR:
VSA RESOURCES LIMITED                        TEL: 020 7628 3989
43 London Wall
London
EC2M 5TF
Martin Rosser