The Board of Belmore Resources, a minerals exploration company with a focus on projects in the Republic of Ireland, is pleased to announce further encouraging drill results at its Kilbricken discovery. Additionally this project is now being accelerated with Lundin Mining Exploration Limited (“Lundin”) increasing the pace of its earn in.

Lundin, which is a wholly owned subsidiary company of Lundin Mining Corporation, has now completed its initial obligated expenditure requirement of €700,000 under its joint venture option agreement with Belmore Resources signed in February 2009. Following this initial
spending Lundin has decided to continue its earn-in at an accelerated pace. Lundin has a right to earn up to a 70% interest in the Prospecting Licences that Belmore currently holds in Co. Clare. To earn the 70% Lundin needs to spend up to €14.7 million over a
number of years.

DRILLING UPDATE

There are currently four rigs drilling on the Kilbricken Zinc- Lead- Silver discovery acreage, and the project is being operated by Lundin. Continued appraisal drilling of the site has indicated the potential for further economic mineralization in the Kilbricken area well beyond the original discovery.

Significant results include intersection of 1.25m massive sulphide zone – grading 6.83% Zinc, 3.87% Lead and 48.07 grams/tonne Silver in step-out drillhole 14. This might indicate the presence of a second body of mineralization to the northwest of the original discovery area.

DRILLHOLE 09-3679-07
This drillhole intersected the target horizon, the base of the Waulsortian Reef Limestone, 40 metres east of the discovery drillhole 09-3679-04.
Assayed drill results are as follows:

From 442.75 to 447.7 metres depth:
4.95 (4.87 true thickness) metres grading 4.94% Zinc, 1.31% Lead, 59.26 grams/tonne Silver
and
from 459.05 to 463.95 metres depth:
4.9 (4.83 true thickness) metres grading 3.13% Zinc, 6.65% Lead, 65.19 grams/tonne Silver

DRILLHOLE 09-3679-08
This drillhole intersected the target horizon 30 metres north of 09-3679-04. Assayed drill results are as follows:
From 445.6 to 451.1 metres depth:
5.50 (5.26 true thickness) metres grading 6.18% Zinc, 2.67% Lead, 57.96 grams/tonne Silver
and
from 458.6 to 459.6 metres depth:
1.00 (0.96 true thickness) metre grading 2.38% Zinc, 1.68% Lead, 24.32 gram/tonne Silver.

Both of these holes intersected significant resource grade mineralization continuous with the thick, high-grade intercepts encountered in drillholes 09-3679-04 and 09-3679-06 (see 21 May 2009 news release).

Belmore is extremely pleased with the results of these two holes, as they have begun to delineate a significant new resource of high-tenor quality at Kilbricken.

DRILLHOLE 09-3679-09
This drillhole intersected the target horizon 80 metres northeast of discovery drillhole 09-3679-04.

Assayed drill results are as follows:

From 443.8 to 444.8 metres depth:
1.00 metre (true thickness) grading 0.08% Zinc, 1.33% Lead and 10.62 grams/tonne Silver

DRILLHOLES 09-3679-10 and 09-3679-12
Drillhole 09-3679-10 intersected the targeted ‘base of Reef’ 50 metres west of drillhole 09-3679-06 and drillhole 09-3679-12 intersected base of Reef 50 metres northwest of drillhole 09-3679-06. Neither of these drillholes intersected mineralization.
DRILLHOLE 09-3679-11
This drillhole intersected the target horizon 100 metres east of discovery drillhole 09-3679-04. The hole is faulted and very strongly dolomitised which makes it different from most of the other holes in the area. It is weakly mineralized but no assays are available to date.
DRILLHOLE 09-3679-14
This drillhole has just been completed. It is a major step out to the northwest from the discovery area and has tested the targeted base of Reef horizon 170 metres from drillhole 09-3679-06 and well beyond the two barren drillholes 09-3679-10 and 09-3679-12.

Assayed drill results are as follows:
From 403.0 to 406.0 metres depth:
3.00 (2.84 true thickness) metres grading 3.30% Zinc, 1.09% Lead and 33.21 grams/tonne Silver
and
From 423.55 to 427.0:
3.45 (3.26 true thickness) metres grading 3.07% Zinc, 1.48% Lead and 21.2 grams/tonne Silver
Including
From 423.55 to 424.8
1.25 (1.18 true thickness) metres grading 6.83% Zinc, 3.87% Lead and 48.07 grams/tonne Silver
The 1.25m massive sulphide zone (from 423.55 to 424.8m), might indicate the presence of a second body of mineralization to the northwest of the original discovery area.

Company Chairman, Mr. Ian Forrest commented:

“We are extremely pleased with Lundin's operations and encouraged by the results achieved to date. The addition of two further resource-grade mineralized drill holes is extremely encouraging and has increased our optimism with regard to the Kilbricken project."

“The presence of significant mineralization in the step-out drillhole 09-3679-14 is excellent news as it potentially opens up a new area, northwest of the original discovery, for further diamond drilling. This is highly significant inasmuch as it indicates the potential for further economic mineralisation in the Kilbricken area well beyond the original discovery.”