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Thursday, 21 May 2009 18:13

Further exceptional Zinc-Lead-Silver mineralisation encountered by drilling

The Board of Belmore Resources, a minerals exploration company with a focus on projects in the Republic of Ireland, is pleased to announce the following significant results from the initial appraisal drilling of its Kilbricken Zinc-Lead-Silver discovery. The project is a joint venture with Lundin Mining Exploration Ltd., a wholly owned subsidiary company of Lundin Mining Corporation (TSX:LUN, OMX:LUMI), which is currently the operator of the drilling programme.

Hole 09-3679-06

Intercepted massive sulphide mineralisation approximately 50 metres west of similar massive sulphide mineralisation encountered in discovery hole 08-3679-04 (previously reported 3 April 2008 as 10 metres grading 13.84% Zinc, 5.52% Lead and 62.84 gm/tonne Silver). Hole 09-3679-06 returned the following results:

441.9 to 463.15 m depth:
21.25 m (21.2 m true thickness) grading 11.0% Zinc, 4.8% Lead, 94.4 gm/tonne Silver

Including:

441.9 to 451.45 m depth:
9.55 m (9.53 m true thickness) grading 18.0% Zinc, 7.2% Lead, 143.8 gm/tonne Silver

and

459.2 to 463.15 m depth:
3.95 m (3.94 m true thickness) grading 12.4% Zinc, 6.2% Lead, 116.7 gm/tonne Silver

Hole 09-3679-05

Intercepted a broad zone of strong rock alteration hosting mostly minor sulphide mineralisation approximately 50 metres south of the discovery hole (08-3679-04) intercept, including a more mineralised zone returning the following results:

473.0 to 476.5 m depth:
3.5 m (true thickness) grading 1.6% Zinc, 3.8% Lead, 58.7 gm/tonne Silver

The results from drillhole 09-3679-06 are better than the already excellent results obtained from discovery drillhole 08-3679-04 of last year. The pace of diamond drilling has been increased with three additional drillholes currently in progress, aiming to intercept the target horizon to the east and north of the two strongly mineralised drillholes using a 50 metre grid pattern. An initial downhole induced polarization ("IP") geophysical survey has been completed which is aiding in targeting the step-out drilling.

The purpose of this step-out drilling is to evaluate the "Kilbricken Discovery" on PL 3679 so as to determine the extent of the mineralisation. This will enable the Company to establish the direction and size of the mineralisation.

Company Chairman, Mr. Ian Forrest commented: "These excellent drill results are very exciting for the Company and confirms and enforces the excellent result from the initial discovery hole. Lundin are busy on site with three rigs currently active."