Broker for London AIM Listing

Celtic Resources Holdings PLC
15 April 2002





                         Celtic Resources Holdings Plc


  Celtic appoints Williams de Broe as NOMAD and broker for London AIM Listing

   Announces 80% acceptance of early conversion of warrants raising £685,979



Celtic Resources Holdings Plc (CER) ("Celtic" or "the Company") today announced
that Williams de Broe Plc has been appointed as nominated advisor and broker in
relation to Celtic's proposed application for admission to the Alternative
Investment Market of the London Stock Exchange ("AIM"). The company hopes to
obtain the AIM listing before July this year.


"After weighing up the alternatives, we believe that an AIM listing for Celtic
at this stage of its development will be beneficial. As an AIM company, Celtic's
profile with private and institutional investors should be enhanced and the
Company will have greater access to capital markets "said Chairman and Managing
Director, Mr Kevin Foo.


The Company also announced that a recent offer to all 10p warrant holders to
consider an early exercising of their warrants, which have an exercise date of
31 December, 2002 was taken up by 80% of holders. As a result of this offer, the
company has raised £685,979 net that will be used, along with £3.86m raised in
March, to accelerate development of the 27 million ounces gold resource
Nezhdaninskoye project and for other corporate purposes.


Meanwhile, project finance arrangements for Nezhdaninskoye from Standard Bank,
London are well progressed with technical and legal due diligence now
substantially complete and loan documents under preparation. Celtic expects a
commitment from Standard Bank in early May, following which all regulatory
approvals would be sought.




For more information please contact


Kevin Foo / Claire Bolton

Celtic Resources Holdings Plc

Tel: + 44 (0) 20 7593 0001

[e-mail]


Leesa Peters / Cindy Dennis

Capital PR

Tel:[phone]

[e-mail]


Maeve Governey / Rachel Watchorn

Heneghan PR

Dublin Tel: + 353 1 660 7395

[e-mail]


Eugenee Mulhern,

Davy Corporate Finance Ltd

Tel: + 353 1 679 6363

[e-mail]


www.celticresources.com


15 April, 2002



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