Re: Brochure of Particulars

Glencar Mining PLC
20 July 2004

Glencar Mining plc



20 July, 2004



Brochure of Particulars



Further to the details relating to the Company's Sankarani Project in Mali,
disclosed within the Company's Annual Report, application has been made to the
Irish stock Exchange for 1,000,000 Ordinary Shares of nominal value €0.31 each
in capital of Glencar to be admitted for trading to the Exploration Securities
Market of the Irish Stock Exchange.



As discussed in the Company's 2003 Annual Report, and as detailed in the
announcement of 13 April 2004, and following the formal issue of all four of the
exploration licences in the Sankarani Project, Glencar has issued the shares in
accordance with the farm-in agreement on the Sankarani Project whereby Glencar
can acquire up to an 85% interest in exploration concessions totalling 1,000
square kilometres in southern Mali.



The new shares rank pari passu in all respects with the existing ordinary
shares.



Admissions is expected to become effective and dealings expected to commence in
these shares on Friday, 23 July, 2004.



Mr Hugh McCullough

Chief Executive, Glencar

Tel: + 353 1 661 9974















This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange









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