Transfer to IEX

Glencar Mining PLC
12 April 2005


                Glencar Mining Plc ('Glencar' or the 'Company')


 Transfer of Dealing from the Exploration Securities Market of the Irish Stock
                   Exchange to the Irish Enterprise Exchange



The Board of Glencar wishes to advise that, with effect from the start of
trading today, 12 April, 2005, Glencar's shares will be traded on the new Irish
Enterprise Exchange ('IEX') of the Irish Stock Exchange.

Glencar welcomes the introduction of the IEX and the enhanced flexibility which
the IEX regime affords to quoted companies.

Hugh McCullough, Glencar's Chief Executive commented;

'I believe that the IEX will be a more active and vibrant market than either of
its two predecessor markets, and that with appropriate promotion and market
conditions, the IEX should grow and thereby attract more analyst coverage and
greater investor interest.'

Davy remains as Irish broker to the Company and will also act as IEX Adviser
pursuant to the IEX Rules.


12 April, 2005




For further information, please contact:

Glencar Mining plc:
Mr. Hugh McCullough
Chief Executive
Tel: + 353 1 661 9974
Fax: + 353 1 661 1205


                      This information is provided by RNS
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