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Arcon Int.Resources (AIN)

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Monday 15 December, 2003

Arcon Int.Resources

Industrial action ceased

Arcon International Resources PLC
15 December 2003

                           ARCON International Resources Plc

        DUBLIN & LONDON: 15th December 2003 - ARCON International Resources Plc
        is pleased to announce that industrial action has ceased at its Galmoy
        Mine and that the 2004 pay negotiations will re-commence this week. As a
        result, the Company has withdrawn the Protective Notices issued on 11th
        December to all its mine employees.

        Ends                  Monday, 15th December 2003

For further information:

    Pauline McAlester          Keith Irons                Kevin Ross
    Murray Consultants         Bankside Consultants Ltd   ARCON
    Tel: +353 (1) 498 0300     Tel: +44 (207) 444 4155    Tel:+353 (56) 883 7100




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