Change of Adviser

Celtic Resources Holdings PLC
19 July 2007

                                        
19th July 2007

                          Celtic Resources Holdings Plc
                     
                      ("Celtic Resources" or "the Company")
                                        
                               Change of Advisers

Celtic Resources is pleased to announce the appointment of Strand Partners
Limited as Nominated Adviser and Mirabaud Securities Limited as Broker with
immediate effect.


For further information please contact:

Kevin Foo / Jonathan Scott-Barrett          Leesa Peters/Jane Stacey
Celtic Resources Holdings Plc               Conduit PR
Tel: + 44 (0)20 7921 8800                   Tel: [phone]
[e-mail]               [e-mail]

Simon Raggett / Braden Saunders             Peter Krens
Strand Partners Limited                     Mirabaud Securities Limited
Tel: [phone]                   Tel: [phone]

                            www.celticresources.com
                                        






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