Grant of Options

Providence Resources P.l.c. ('Providence' or the 'Company')

                          Grant of Options


The Board announces that, on 29 June 2009, options over ordinary
shares of ¤0.001 each in the capital of the Company ('Ordinary
Shares') have been awarded to the following Director and to the
Company Secretary:


+-------------------------------------------------------------------+
|           |  Number of   |          |         |  Total Number of  |
|           | options over | Exercise | Expiry  |  Ordinary Shares  |
|           |   Ordinary   |  Price   |  Date   |    over which     |
|           |    Shares    |          |         | Options are held  |
|           |   Awarded    |          |         |                   |
|-----------+--------------+----------+---------+-------------------|
| Director  |              |          |         |                   |
| Philip    |              |          | 29 June |                   |
| O'Quigley |  15,000,000  |  ¤0.038  |  2016   |    20,000,000     |
|-----------+--------------+----------+---------+-------------------|
| Company   |              |          |         |                   |
| Secretary |              |          |         |                   |
| Michael   |              |          | 29 June |                   |
| Graham    |  2,500,000   |  ¤0.038  |  2016   |     9,526,940     |
+-------------------------------------------------------------------+



These options have been awarded in accordance with the terms of the
2009 Share Option Scheme and the exercise price has been fixed at the
closing price on the Irish Stock Exchange's IEX market on 29 June,
2009.

The total options held by each of Philip O'Quigley and Michael
Graham, as detailed above, include options held under both the 2005
and the 1997 Share Option Schemes.

The Company has also been informed by Mr. Philip O'Quigley, that he
has today purchased 500,000 shares of ¤0.001 each at a cost of ¤0.04
per share. Following this transaction, Mr O'Quigley holds 500,000
ordinary shares representing less than 0.02% of the issued ordinary
share capital of the Company.

Ends.


For further information please contact:

Michael Graham
Company Secretary
[phone]

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