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


DRILLING STARTS 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 THAT DRILLING COMMENCED ON ITS PROSPECTING LICENCES IN CO. CLARE,
REPUBLIC OF IRELAND ON 3 MAY 2005.

AS PREVIOUSLY ANNOUNCED, THE COMPANY PLANS TO DRILL 9 HOLES, FOR A TOTAL OF
1,600 METRES, 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.