Acquires Process Plant

Celtic Resources Holdings PLC
23 October 2007



                         Celtic Resources Holdings Plc
                          ("Celtic" or the "Company")

        Celtic purchases 1.5 mta process plant for the Suzdal gold mine


Celtic is pleased to announce that it has entered into an agreement to acquire a
1.5 million tonne per annum process plant including crushing plant, three
grinding mills of total 3,700 kW capacity and carbon in leach gold treatment
equipment from Anglo Asian Mining Plc ("Anglo Asian") for $7.5 million.

The plant is currently containerised and stored in Jurong Port, Singapore and
Houston, Texas, USA and arrangements for trans-shipment to Kazakhstan are
underway.

Celtic intends to utilise the plant to accelerate the planned significant
expansion of production at the Suzdal mine. The Company considers that the
purchase of this equipment will allow it to realise a significant saving
relative to its budgeted capital expenditure for the expansion of Suzdal.

Kevin Foo, Managing Director of Celtic, said: "We regard the acquisition of this
plant as very positive for Celtic as it will allow us to accelerate Suzdal's
expansion and provide extra crushing and grinding capacity for use within the
wider Celtic group."


Contact information:

Kevin Foo / Jonathan Scott-Barrett
Celtic Resources Holdings Plc
Tel: + 44 (0)20 7921 8800
[e-mail]

Leesa Peters / Jane Stacey
Conduit PR
Tel: [phone]
[e-mail]

Anthony Cardew / Shan Shan Willenbrock
Cardew Group
Tel: [phone]
[e-mail]

Strand Partners Limited
Simon Raggett   / Stuart Faulkner
Tel: [phone]


Any person who is the holder of 1 per cent. or more of any class of shares in
Celtic may be required to make disclosures pursuant to Rule 8.3 of the Irish
Takeover Panel Act, 1997, Takeover Rules 2001 to 2006.

The Directors of Celtic accept responsibility for the information contained in
this announcement and to the best of their knowledge and belief (having taken
all reasonable care to ensure that such is the case), the information contained
in this announcement is in accordance with the facts and, where appropriate,
does not omit anything likely to affect the import of such information.




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