BELMORE RESOURCES (HOLDINGS) PLC
                                   ("Belmore" or "the Company")
                                                 
                                                 
                                     Commencement of Drilling

Belmore Resources (Holdings) Plc, a minerals exploration company with a focus on projects  in  the
Republic  of  Ireland, is pleased to announce the commencement of a drill hole  to  test  a  newly
defined Lead/Zinc target at Kilbricken, Co Clare on Prospecting Licence 3679.

Kilbricken  is  the  site of an eighteenth century mining operation which previously  mined  small
quantities  of  lead and zinc from within a larger calcite body. All the workings were  in  strata
overlying the prospective Waulsortian Reef horizon. The depth of the mining was previously limited
by the inability of the miners to pump water from depth.

Recent  exploration for calcite has demonstrated that the Kilbricken Calcite body is  by  far  the
largest  known  in  east Clare. Belmore believes, in light of the high grade Zn/Pb  mineralization
found  in  association with the much smaller Milltown calcite body, that the Waulsortian  Reef  at
Kilbricken is an excellent target for Zn/Pb mineralization.

None of the relatively short holes, drilled to date at Kilbricken, have tested this target, which
is likely to be at a depth of approximately 400 metres.


                                             --ENDS--
      
      
              The directors of the issuer accept responsibility for this announcement


ENQUIRIES:


Belmore Resources (Holdings) Plc                    Tel: 00 35387 681 2883
Patrick Mahony

Bishopsgate Communications Ltd                      Tel: 020 7562 3350
Maxine Barnes                                       Mobile: 07860 489 571
Nick Rome

VSA Resources Limited                               Tel: 020 7096 9580
Paul Renken