AGM Statement

Connemara Mining Company plc
22 August 2007



 Highlights of the Chairman's Statement to the First AGM of Connemara Mining as
                             an AIM listed company



                                     Dublin

                                22 August, 2007



•     Connemara successfully listed on AIM on 31 July 2007.



•    Connemara holds 23 exploration licences in Ireland, 22
zinc/lead and one gold and has applied for a further six licences in the south
east of the country.



•    The current focus is on the Monaster block of six
licences adjacent to the Xstrata/Minco discovery in Pallas Green, Limerick. Our
Joint Venture partner, Teck Cominco, is drilling the third hole in an initial
scouting drill programme.



•    The second hole encountered the same geological
succession associated with the mineralised bodies found 2km away at Pallas
Green.  The intersection of pathfinder iron sulphide mineralisation, which can
have a spatial association with zinc/lead, is highly encouraging.



•    The drilling at Monaster is part of the Connemara/Teck
Cominco Joint Venture covering 15 licences in the Limerick area, where Teck
Cominco is spending C$3m to earn a 75% interest.



•    At Lough Sheelin, Connemara is preparing a drill
programme on the 5 licence block which is 20kms north west of the Tara mine at
Navan.  This will concentrate on the areas of known zinc/lead mineralisation.



•    We have one licence in Kerry, Castlemaine where we will
conduct a geophysical survey in September.



•    While the main priority is on drilling at Monaster in
Limerick, followed by exploration at Lough Sheelin, Cavan, other base metal
opportunities in Ireland and abroad are under evaluation.  We are continuing
with our target generation activities and have identified four additional areas
over which we will submit applications.



•    The £1m raised at the AIM listing will fund the company
for the foreseeable future as all current expenditure in Limerick is paid by
Teck Cominco.



•    Zinc and lead prices are at historical highs.  Demand
for zinc and lead in the construction, automotive, electrical and in the case of
lead, the battery trades is very strong, while supply is struggling, due to two
decades of low prices and diminished exploration.  Current and projected market
conditions create massive upside potential for any discovery



•    All resolutions were passed at the meeting.



Enquiries:

Connemara Mining Company Plc                     + 353 1 8332833
John Teeling, Chairman
Jim Finn, Financial Director


Blue Oar Securities Plc                          [phone]
John Wakefield
Simon Moynagh


College Hill                                     [phone]
Paddy Blewer
Nick Elwes



www.connemaramining.com







Notes to Editors:



About Connemara



Connemara is an Irish based London AIM listed base metal explorer currently
focused on Ireland.  Formed in 2000 by John Teeling and Jim Finn experienced
mining executives Connemara holds 23 licences mainly in the Limerick and Lough
Sheelin areas of Ireland.



Connemara has a joint venture with Teck Cominco of Canada whereby Teck spent
C$3m exploring a block of 15 licences in the Limerick area to earn a 75%
interest.



The company also holds a block of 5 licences in the Lough Sheelin area of Cavan
where the target is a Tara Mines/Navan type deposit.



Zinc in Ireland



Ireland is the foremost zinc producer in Europe and one of the biggest in the
world.



The Boliden mine at Navan produces over 200,000 tonnes of zinc and is the 5th
largest in the world.  The Anglo American mine at Lisheen and the Lundin mine at
Galmoy are large by world standards.  X-Strata is exploring for zinc at Pallas
Green in Limerick, adjacent to the Connemara licence block.  They have been
successful with numerous drill holes reporting commercial grade zinc.  Currently
X-Strata have five drill rigs on the site.


                      This information is provided by RNS
            The company news service from the London Stock Exchange