Commencement of Trading onAIM

Providence Resources PLC
24 June 2005



                                       Providence
                                    Resources P.l.c.

24 June 2005


          Providence Resources P.l.c. ('Providence' or 'the Company')

              FIRST DAY OF DEALINGS ON LONDON STOCK EXCHANGE'S AIM

The Board of Providence Resources P.l.c. is pleased to announce that shares in
the Company have today begun trading on Alternative Investment Market ('AIM') of
the London Stock Exchange.

Ordinary shares in Providence commenced trading today at Stg4p, equivalent to
the mid-market closing price on the Irish Stock Exchange on the 23 June 2005, of
€0.056.

Providence is an international oil and gas company, which has been listed on the
Irish Stock Exchange since 1997. The Company was founded over 25 years ago and
has operations in Ireland, the UK and Nigeria, West Africa. Providence's key
prospects are in the Aje Field in Nigeria and the Celtic Sea in Ireland:
drilling at both of these operations is expected to commence in the second half
of 2005. Providence currently generates revenue from its on shore operations at
Singleton in the UK.

The Board believes that admission of Providence to AIM will contribute to
enhancing the profile of the Company in the UK, where it already has an
established shareholder base. A higher profile will additionally raise awareness
of Providence and its activities amongst potential new investors and should
improve the terms on which the Company can raise capital.

Commenting on the Admission to AIM, Dr. Brian Hillery, Chairman of Providence
Resources P.l.c., said:

'We are delighted to be coming to the London market, which is such an important
financial centre for our industry. Providence is in an exciting phase of its
development with geographically diversified assets and prospects. The enhanced
visibility, support, access to new investors and opportunities that AIM provides
will, we believe, help us build shareholder value as we drive the business
forward'.

Davy are acting as Nominated Advisor for the AIM listing and Irish Broker to
Providence and Cenkos are acting as UK Broker. Copies of the AIM Admission
Document and further information on the Company are available from the Company's
website at www.providenceresources.com .

Contacts:

Providence                                Tel: [phone]

Dr. Brian Hillery, Chairman
Tony O'Reilly Jnr, Deputy Chairman
Stephen CarrollFinance Director

Powerscourt                               Tel: [phone]

Rory Godson                               Mob: [phone]
Victoria Brough                           Mob: [phone]

Murray Consultants                        Tel: [phone]

Pauline McAlester

Davy                                      Tel: + 353 679 6363

Eugenee Mulhern

Cenkos                                    Tel: [phone]

Joe Nally

Ends



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