Announcement of Approach

Celtic Resources Holdings PLC
18 September 2007



                         Celtic Resources Holdings PLC
                          ("Celtic" or "the Company")

                            Announcement of Approach


The Board of Celtic announces that it has received a preliminary approach which
may or may not lead to an offer for the Company.

A further announcement will be made in due course.


Contact information:

Kevin Foo / Jonathan Scott-Barrett
Celtic Resources Holdings PLC
Tel: + 44 (0)20 7921 8800
[e-mail]

Leesa Peters / Jane Stacey
Conduit PR
Tel: [phone]
[e-mail]



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