Exercise of Warrants

Kenmare Resources PLC
16 March 2005



 Kenmare Resources Plc.










Chatham House, Chatham St, Dublin 2, Ireland.

Tel: [phone]Fax: [phone]



Rua de Chuindi No.67 R/C, Maputo, Mozambique.

Tel: [phone]Fax:  [phone]



Website : www.kenmareresources.com

Email : [e-mail]


















Kenmare Resources plc ('Kenmare' or 'the Company') Announcement



15th March 2005

                           RE : Exercise of Warrants





Warrants to subscribe for 5,978,434 Ordinary Shares of €0.06c in the capital of
Kenmare have been exercised. Application has been made to the Irish Stock
Exchange and the UK Listing Authority for the new Ordinary Shares to be admitted
to, respectively, the Official List of the Irish Stock Exchange and the Official
List of the UK Listing Authority and to the London Stock Exchange for the new
shares to be admitted to trading. The new Ordinary Shares rank pari passu in all
respects with the existing Ordinary Shares.











____________________

Deirdre Corcoran

Company Secretary







This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.








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