40% Increase in Resource at Moma Titanium Miner...

* Total ilmenite resource increased to 101 million tonnes (up from
    72 million tonnes)
  * This includes the adjacent Nataka zone where inferred ilmenite
    resource increased to 49 million tonnes from 20 million tonnes
  * Project facility 81% complete - handover anticipated 2006


Kenmare today  announces significant  progress at  its Moma  Titanium
Minerals Project  in  Mozambique,  including  increases  in  inferred
resources and construction of the plant.

Exploration drilling, which resumed in late 2005 and early 2006,  has
resulted in a substantial increase in the resource base at Moma.   At
the Nataka zone, which is close to the mineral processing plant,  the
inferred resource has  been increased  from 20 million  tonnes to  49
million tonnes of contained ilmenite, the main economic mineral, at a
grade of  3.3%  total  heavy  minerals.   The  Nataka  resource  also
contains 3 million tonnes of zircon  and 1 million tonnes of  rutile.
The resource at Nataka benefits from  a similar set of parameters  to
that of the Proven  Reserve at the Namalope  zone on which mining  is
due to commence later this year,  and which indicates that Moma  will
be one of the lowest cost producers in the world.

The total resource at  Moma has therefore  increased from 72  million
tonnes to 101 million tonnes of ilmenite plus associated co-products,
making Moma  one of  the  largest titanium  resources in  the  world.
Ilmenite is used in the production of titanium dioxide pigment, which
is largely used in paint,  paper and plastic production. The  primary
applications for  zircon are  in the  manufacture of  opacifiers  for
ceramic tile production and for refractory products used in the steel
and foundry industries.

The project is now 81% complete  and the project contractor, a  joint
venture between Multiplex  and Bateman, is  indicating a handover  to
Kenmare towards the end of 2006.

Kenmare has also made  substantial progress in  the recruitment of  a
highly experienced  team  to  manage the  operation  after  handover.
General Manager Wayne  Knott, previously Operations  Manager for  the
Iluka  Resources  Florida/Georgia   operations,  joined  Kenmare   in
February 2006.  Knott, who  has previously  served in  mineral  sands
operations  in  South  Africa  and  Australia,  brings  a  wealth  of
experience to the Moma Project. Kenmare has also recently appointed a
Mining Manager and  a Resident Geologist,  both formerly of  TiWest's
Cooljarloo operation  in Western  Australia,  while a  Mine  Planning
Manager, a  Process  Manager and  an  Engineering Manager  have  been
recruited from various  mining operations  in South  Africa and  will
join the  operations  team during  April  and May.  Their  wealth  of
technical  and   managerial   experience  is   complemented   by   an
Administration Manager and a Human Resource Manager, both of whom are
Mozambican-born and add balance to the management team through  their
detailed  knowledge  of   local  protocols   and  cultures.   Kenmare
recognised the importance  of a  strong management team  at an  early
stage and is confident that this has now been achieved.

Commenting today Kenmare's  Chairman, Charles Carvill  said: "We  are
delighted with  the results  from  our resumed  exploration  drilling
which make Moma  one of  the largest  exploitable titanium  feedstock
deposits in the world.  We  are also delighted that construction  has
achieved such an advanced stage of completion without any significant
delays.  The onset of production  is now only just around the  corner
and with the highly experienced team we have on board we are  looking
forward to a smooth start."

For more information:

Kenmare Resources plc
Tony McCluskey, Financial Director
Tel:      + 353 1 671 0411
Mob:    + 353 87 674 0346

Dr Chris Gilchrist, Chief Operations Director
Tel:      + 353 1 671 0411
Mob:    + 353 87 9925027

Conduit PR Ltd
Leesa Peters
Tel:      [phone]
Mob:    + 44 (0) 781 215 9885

Murray Consultants Ltd
Elizabeth Headon
Tel:      + 353 1 498 0300
Mob:    + 353 87 989 7234


                      www.kenmareresources.com




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