Drilling Report

Ormonde Mining PLC
07 August 2007

07 August 2007



                               Ormonde Mining plc


   Ormonde reports high grade gold drilling intercepts at its Salamanca Gold
                                    Project

DUBLIN & LONDON: 07 August 2007 - Ormonde Mining plc ("Ormonde" or "the Company
") is pleased to report new gold intercept results from drilling at the Pino de
Oro prospect, part of its Salamanca Gold Project in western Spain.  Ormonde's
drilling is a follow-up on high grade gold intersections drilled by Spanish
Government agencies in the 1990s.



Main Points


  • New assay results include 1.0 metre grading 18.9 grams per tonne ("g/t")
    gold and 3.0 metres grading 4.3 g/t gold

  • Drilling on the first of several structures at Pino de Oro has now
    established gold  at shallow depths with mineralisation intersected over a
    strike length of at least 500 metres and open in various directions (11 out
    of 13 holes on this first structure have intersected gold mineralisation)

  • Intersected widths in all drilling to-date (Ormonde and Government
    agencies) vary from 1 metre to 11 metres, with grades ranging from 1.6 g/t
    to 65 g/t gold

  • Visible gold has been observed in drill core and initial metallurgical
    testwork indicates that over 95 per cent gold recovery can be achieved



Kerr Anderson, Managing Director, said today,

"Although Ormonde's focus is currently on the Bankable Feasibility Study at our
La Zarza Copper-Gold Project in southern Spain and the recently upgraded
Barruecopardo Tungsten Project in Salamanca, today's news highlights that we
also maintain an active gold exploration programme designed to develop the best
opportunities to add to the Company's Spanish resource base."

"This first phase of drilling at Pino de Oro has validated the historic results
and established that the first gold structure to be tested has a strike length
in excess of 500 metres.  These results are considered most encouraging and,
coupled with the positive initial gold metallurgical testwork and presence of
several other untested structures, ensure that Pino de Oro will be the focus of
Ormonde's gold exploration programmes.


Ormonde has a 75 per cent interest in the Pino de Oro prospect and is earning 90
per cent through exploration expenditure.



Drilling Results

Ormonde has completed 9 drillholes (ORMP-1 to ORMP-9) at the Pino de Oro
prospect for a total of 1,436 metres.  These holes were designed to follow-up on
previous widely spaced drilling by Spanish Government agencies in the 1990s.
Two structures out of a total of 12 mapped in the permit area have been drill
tested: "El Facho" (ORMP-1 to 7) and "La Solana" (ORMP-8 and 9).  Positive gold
assay results have been returned from both structures highlighting the "
multi-structural" nature of the prospect area.  The assay results received from
Ormonde's drilling are as follows:


        Hole              Structure            From (m)            Width (m)            Gold (g/t)
       ORMP-1             El Facho               73.0                 1.0                  16.6
       ORMP-2             El Facho              224.0                 1.0                   3.5
       ORMP-3             El Facho              132.0                 1.0                   6.9
       ORMP-4             El Facho               40.0                 1.0                  18.9
       ORMP-5             El Facho               49.0                 1.0                   3.9
                             and                 58.0                 6.0                   2.1
       ORMP-6             El Facho              107.0                 4.0                   1.7
       ORMP-7             El Facho               38.0                 7.0                   1.6
       ORMP-8             La Solana              95.0                 3.0                   4.3


In addition:

  • Visible gold was observed in ORMP-5 at 49 metres depth. The lower than
    expected assay grade of 3.9 g/t gold is typical of a nugget effect in
    coarse-grained gold deposits (see discussion below).

  • The intersection in ORMP-5 from 58.0 metres grading 2.1 g/t gold also
    contains 62 g/t silver.


ORMP-1 was reported in an announcement on 28 February 2007, ORMP-9 did not
intersect the target zone.


Relevant results from previous Government drilling:

        Hole              Structure            From (m)            Width (m)            Gold (g/t)
        P14               El Facho               74.0                 1.0                  65.8
        P15               El Facho              132.0                 2.0                  11.1
        P17               El Facho               44.0                 1.0                  14.8
        P20               El Facho              124.0                 1.0                   4.3
       JCL12              La Solana              54.0                 10.7                  3.8

The gold mineralisation occurs in a series of north-east trending structural
zones comprising quartz veins and breccias within granite rocks.  The main
high-grade gold bearing zone, El Facho, has a near vertical orientation and
extends for 500 metres along strike.  The mineralised structure crops out on
surface and has only been tested to a vertical depth of 100 metres (i.e., gold
mineralisation is open at depth).  The highest grades (ORMP-1, 3 and 4, P14 and
P15) occur in the central part of this structure, with broader zones at lower
grades (e.g., ORMP-5, 6 and 7) at its north-east end.

Ormonde's hole ORMP-8 on the La Solana structural zone, 700 metres to the
south-east of El Facho, has confirmed the presence of the gold mineralisation
intersected by the Government in drillhole JCL12.

The gold at Pino de Oro is coarse-grained and there is a nugget effect, typical
of this kind of gold mineralisation.  This results in repeat assays of the same
sample giving variable gold grade results (sometimes higher, sometimes lower
than the original assay).  The results reported here are the average grades of
all assays performed on each sample.


Initial Gold Recovery Test

An initial gold and silver recovery test was carried out on a gold mineralised
sample from ORMP-4.  The test showed that over 95 per cent of gold and over 95
per cent of silver were recovered from the sample using a standard bottle-roll
technique. This is a very encouraging result and further scoping tests will be
carried out as part of the next evaluation programme.

Kerr Anderson PhD EurGeol PGeo, Managing Director of Ormonde Mining plc, and a
qualified person as defined in the Guidance Note for Mining, Oil and Gas
Companies, March 2006, of the London Stock Exchange, has reviewed and approved
the technical information contained in this announcement.

A glossary explaining technical terms contained in this announcement can be
found at www.ormondemining.com/projects/glossary.htm.





Enquiries to:



Ormonde Mining plc

Kerr Anderson, Managing Director,
Fraser Gardiner, Director
Tel: [phone]


Bankside Consultants
Simon Rothschild   Tel: [phone]   Mobile: [phone]


Davy (Nominated Adviser to Ormonde)
Fergal Meegan   Tel: + 353 1 6796363



ENDS




About Ormonde

Ormonde Mining plc is quoted on the AIM in London and the IEX in Dublin.
Ormonde is a mineral development and exploration company focused on Spain, with
the objective of developing mining projects and taking them into production.

Ormonde's main project is the La Zarza Copper-Gold Project in southern Spain
where a Bankable Feasibility Study is being carried out by leading international
engineering firms.  A pre-feasibility study completed in September 2006 showed
positive economics for the development of an underground mining operation at La
Zarza.

Ormonde is also evaluating the Barruecopardo high-grade tungsten deposit in the
Salamanca area.  Following two stages of exploration drilling, the definition of
high-grade tungsten mineralisation and preliminary metallurgical testwork, this
project has been upgraded to advanced project status.  A continuous programme of
in-fill and step-out drilling is now underway with a view to fast-tracking the
evaluation of this project.

Ormonde is also exploring several gold exploration targets in the Salamanca area
and in northwest Spain.

For more information please visit www.ormondemining.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange