Grant of Options

Glencar Mining PLC
13 August 2004



                Glencar Mining plc ('Glencar' or 'the Company')



Grant of Options





Glencar announces that on August 12, 2004 and pursuant to the Company's Share
Option Scheme, the Company has granted the following share options to its
Directors:


Name of Director                                      No. of Options Granted

Hugh McCullough                                       1,000,000


Kieran Harrington                                     500,000


William Cummins                                       250,000


Sean Finlay                                           250,000


Philip O'Quigley                                      250,000





These options have been granted for a five-year period, exercisable at €0.075
per share.



The total number of options now outstanding is 6.75 million.







For further information:


Glencar Mining plc:
Mr. Hugh McCullough,
Chief Executive
Tel: + 353 1 661 9974
Fax: + 353 1 661 1205
e-mail: [e-mail]



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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