Directorate Change

Celtic Resources Holdings PLC
17 July 2007


FOR IMMEDIATE RELEASE                                             17th July 2007

                          Celtic Resources Holdings Plc
                          ("Celtic" or "the Company")
                                        
                               Board of Directors

The Company announces that Serdar Karliev has tendered his resignation as a 
Director due to a change in personal circumstances.

Celtic's Chairman, Peter Hannen said "I would like to thank Serdar for his 
contribution during his appointment.  I wish him well in his future endeavours."

For further information please contact:
Kevin Foo/Kate Dexter Smith      Leesa Peters/Jane Stacey      Simon Edwards/Neil Elliot
Celtic Resources Holdings Plc    Conduit PR                    Evolution Securities
Tel: + 44 (0)20 7921 8800        Tel: [phone]/     Tel: [phone]
[e-mail]         [phone]   
                                 [e-mail]

                             www.celticresources.com



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