Placing

Ormonde Mining PLC
14 June 2004

                               Ormonde Mining plc



                   Placing of 10,000,000 New Ordinary Shares



The Board of Ormonde Mining plc ("Ormonde" or "the Company") is pleased to
announce the arrangement of a placing of 10,000,000 New Ordinary Shares in the
Company at 9.4c per share, representing 9.3% of the existing issued share
capital of the Company. The new shares were placed with institutional and
private clients in London and Dublin. The proceeds of the Placing, being
€940,000 gross, will principally be used to finance drilling and other
activities on the Company's gold exploration projects in northern Spain and for
general working capital purposes which include the assessment of further
advanced projects in Spain.

Application has been made to the Irish Stock Exchange for the New Ordinary
Shares, which will rank pari passu in all respects with the existing issued
Ordinary Shares in the Company, to be admitted to dealing on the Exploration
Securities Market of the Irish Stock Exchange and it is expected that dealings
will commence therein on 17 June, 2004.

Ormonde Mining plc is a European exploration company trading on the Exploration
Securities Market (ESM) of the Irish Stock Exchange and on the SEAQ facility in
London.  The Company is focused on developing gold projects in Europe with a
particular emphasis on Spain. Further information about Ormonde and its
activities are available on its website at www.ormondemining.com.



Enquiries to:

Kerr Anderson - Managing Director

Ormonde Mining plc

Tel: [phone]

[e-mail]

Mike Donoghue - Non-Executive Chairman

Ormonde Mining plc

Tel: [phone]

[e-mail]

Fraser Gardiner - Investor Relations

Ormonde Mining plc

Tel: [phone]

[e-mail]

Eugenee Mulhern

Davy Corporate Finance Limited

Tel: [phone]

14 June 2004


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