Placing

Ormonde Mining PLC
17 July 2007


                               Ormonde Mining plc


  Placing by Brewin Dolphin Securities Limited and J&E Davy of 12,200,000 New
            Ordinary Shares of €0.025 each at 10p per Ordinary Share


DUBLIN & LONDON: 17 July 2007 - Ormonde Mining plc ("Ormonde" or "the Company")
announces that it is placing 12,200,000 new ordinary shares of €0.025 each in
the Company with institutional and other investors at a price of 10p per share
(the "Placing") to raise £1.22 million (before expenses).


The proceeds of the Placing will be utilised by the Company to:


•   fund payments due in connection with Ormonde's acquisition of a 100% 
    interest in the La Zarza Copper-Gold Project in southwest Spain, as
    announced by the Company on 12 July 2007
    
•   carry out further drilling to facilitate the incorporation of the additional 
    Zinc and Copper Massive Sulphide Zones at La Zarza into the Feasibility 
    Study

•   carry out detailed infill and step-out drilling and commence initial 
    technical evaluation studies on the Barruecopardo Tungsten Project,
    recently upgraded to Advanced Project status, as announced by Ormonde on the 
    4 July 2007.


The new ordinary shares will rank pari passu in all respects with the existing
ordinary shares in the Company. Application will be made for the new ordinary
shares to be admitted to trading on the AIM market of the London Stock Exchange
and the IEX market of the Irish Stock Exchange and it is expected that trading
will commence on 24 July 2007.


For further information:

Kerr Anderson, Managing Director

Ormonde Mining plc

Tel: [phone]


Simon Rothschild

Bankside Consultants

Tel: [phone]


Eugenee Mulhern/Fergal Meegan

J&E Davy Tel:

[phone]


Jon Fitzpatrick

Brewin Dolphin Investment Banking

Tel: [phone]




Additional Information


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.


17 July 2007


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