Result of General Meeting

Celtic Resources Holdings PLC
10 October 2002

           CELTIC RESOURCES HOLDINGS PLC ("Celtic" or "the Company")



                   Approval of all Resolutions at AGM and EGM

              Suspension of Dealing in ESM pending Transfer to AIM

Celtic Resources Holdings plc (Ticker CER), is pleased to announce that all
resolutions proposed and considered at the Annual General Meeting and
Extraordinary General Meeting of the Company held today, for the purpose, inter
alia, of completing the Company's placing and open offer, have been approved.


Accordingly, dealing in the Company's shares on the Exploration Securities
Market of the Irish Stock Exchange ("ESM") will be suspended with effect from
the close of business today. On Monday, 14 October, the Company's shares will
commence trading on the Alternative Investment Market of the London Stock
Exchange and simultaneously, the dealing facility on the ESM will be cancelled.


For further information please contact:

Kevin Foo / Claire Bolton
Celtic Resources Holdings Plc
Tel: + 44 (0) 20 7593 0001
[e-mail]

Joe Nally                                               Eugenee Mulhern,
Williams de Broe Plc                                    Davy Corporate Finance Ltd
Tel: + 44 (0) 20 7972 9280                              Tel: + 353 1 679 6363
[e-mail]                                   [e-mail]

Leesa Peters / Cindy Dennis                             Nigel Heneghan
Capital PR                                              Heneghan PR, Dublin
Tel: [phone]               Tel: + 353 1 660 7395
[e-mail]                                     [e-mail]




10 October, 2002

ENDS


                      This information is provided by RNS
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