IMC'S FURTHER DRILLING CONFIRMS TULLA AREA'S PO...

The directors of IMC Exploration Group Plc ("IMC") announces that findings from further drilling in Prospecting Licence Area 3729, Tulla, Co. Clare has confirmed this area's potential to host significant zinc and other base metal mineralization.

IMC increased drilling activity as a result of encouraging indications from drill hole 11-3729-01, drilling three more holes (12-3729-02/03/04) in order to further understand and confirm this area's exploration potential.

EurGeol Dr John Kelly PGeo, MIMM, MIQ of SLR Consulting Ireland Limited, who provided the original expert reporting on Drill hole 11-3729-01, was commissioned to review drill core from the further three drill holes in the Tulla area.

Dr. Kelly reported that, "In addition to the hydrothermal dolomitic breccias intersected in drill hole 11-3729-01, drill holes 12-3729-03 and 12-3729-04 intersected significant haematisation of Waulsortian limestones and alteration of sub-Waulsortian shales from black/grey to green. Such haematisation and shale alteration has been recorded as being associated with base-metal mineralisation at the Tynagh, Silvermines, Lisheen and Crinkill base-metal deposits".

In his conclusion, Dr Kelly stated, "The presence of haematisation in Waulsortian limestones in borehole 12-3729-03 and 12-3729-04, in conjunction with the hydrothermal breccias intersected in 11-3729-01, confirms the presence of a potentially base-metal bearing hydrothermal system in the Tulla area and enhances the prospectivity of licences in the Tulla area".

Commenting on the report and its findings, Dr Glenn Millar, Managing Director of IMC said: "This report, with its positive findings, further confirms the directors' conviction that the Tulla Prospecting Licence has the potential to host significant zinc and other base metal mineralization.  Together with the recent strong gold results in our Wexford licence areas, this is indeed an exciting time for IMC on the first anniversary of its listing on the Plus Market".

The Directors of the company accept responsibility for the contents of this announcement.

For further information please contact:

IMC Exploration Group Plc
Mr. Liam McGrattan
Investor Relations
Tel. Ireland: [phone]

Mr. Hugh Gibney
Executive Chairman
Tel. Ireland: [phone] 

Dr. Glenn Millar
Managing Director
Tel. Ireland: [phone] 

Kathryn Byrne
Limelight Communications
Tel. Ireland: [phone] 

Mr. Samrat Bhandari
William Albert Securities
Tel. UK: [phone] 

IMC EXPLORATION GROUP PLC

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: IMC Exploration Group Plc via Thomson Reuters ONE

HUG#1648060