Grant of Options

Ormonde Mining PLC
27 October 2006

                Ormonde Mining plc ("Ormonde" or the "Company")

                       RE: Grant of Options to Directors



Ormonde granted options over Ordinary Shares of €0.025 in the Company to
Directors on 27 October 2006 as follows:


Director                                                           Options granted         Total Options held
                                                                on 27 October 2006            Following grant
Mike Donoghue                                                              300,000                  1,750,000
Fraser Gardiner                                                            300,000                    900,000
Paul Mihalop                                                               600,000                    600,000



The exercise price for each option is €0.21 and the options are exercisable for
a period of 10 years up to 26 October 2016.





27 October 2006


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