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


CONVERSION OF LOAN STOCK



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 that the holders of Convertible Loan Notes amounting to GBP15,000 have
exercised their option to convert the principal and interest outstanding at
30th April 2005 into Ordinary Shares in Belmore at an exercise price of 4p per
share.

Accordingly, 392,188 new Ordinary Shares in Belmore have been issued in
satisfaction thereof.