Exercise of Options

Kenmare Resources plc ("Kenmare" or "the Company")
                      RE : Exercise of Options


Options to subscribe for 3,013,962  Ordinary Shares of ¤0.06c in  the
capital of Kenmare have been exercised. Application has been made  to
the Irish Stock  Exchange and the  UK Listing Authority  for the  new
Ordinary Shares to be admitted to, respectively, the Official List of
the Irish Stock  Exchange and  the Official  List of  the UK  Listing
Authority and to the London Stock  Exchange for the new shares to  be
admitted to trading. The new Ordinary  Shares rank pari passu in  all
respects with the existing Ordinary Shares.




Tony McCluskey
Financial Director



20 January, 2006




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