Statement re Suspension

Ormonde Mining PLC
13 December 2000




               Ormonde Mining plc ('Ormonde' or 'the Company')


The board of Ormonde wish to advise shareholders that the proposed refinancing
and restructuring, as referred to in the announcement on 22 September, 2000,
has taken longer than anticipated. Having regard to this delay and to the
prevailing uncertainty that the refinancing can be successfully concluded, the
board has requested that the Irish Stock Exchange suspend dealing in Ormonde
shares on the Exploration Securities Market. This suspension is effective
immediately and will remain in operation pending clarification of the
financial position of the Company.



For further information:


Eugenee Mulhern

Davy Corporate Finance Limited

00 353 1 6796363




13 December, 2000