Additional Listing

Celtic Resources Holdings PLC
27 June 2006



                         Celtic Resources Holdings plc
                                ("the Company")

                  Additional listing and allotments to directors


Application has been made for 1,186,500 new ordinary shares of Euro 0.25 each to
be admitted to trading on the AIM Market of the London Stock Exchange. Of these
shares 186,500 are being issued under the staff incentive scheme and 1,000,000
are being issued to consultants in settlement of fees due at £2.33 per share.

These allotments, made on 23 June 2006, include payments to certain directors,
whose interests in the Company are thereby increased. Mr Karlov has acquired an
interest in 750,000 shares in settlement of fees due to a company in which he
holds an interest. Messrs McDermott and Nesbitt have acquired 31,500 shares each
under the staff incentive scheme.

Mr Karlov now has an interest in 800,000 ordinary shares being 1.71 % of the
issued share capital of the Company. Mr McDermott now holds 1,247,970 ordinary
shares being 2.67 % of the issued share capital of the Company. Mr McDermott
also holds warrants over 542,735 shares exercisable at EUR1.625 per share. Mr
Nesbitt now holds 87,632 ordinary shares being 0.19 % of the issued share
capital of the Company. Mr Nesbitt also holds options over 17,500 shares
exercisable at EUR1.27 per share and over 11,000 shares exercisable at EUR1.27
per share.

These shares will rank pari passu with existing ordinary shares and dealings are
expected to commence in the new ordinary shares at 8.00 a.m. on 30 June 2006.


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