RE: Exercise of Warrants

Kenmare Resources PLC
12 October 2005

Kenmare Resources Plc



12 October 2005



                            RE: Exercise of Warrants



Warrants to subscribe for 4,911,708 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.



Tony McCluskey

Financial Director



30 September 2005



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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