KMR Kenmare Resources Plc

    12 July, 2006



At its AGM today Kenmare reported good progress on the development of
its Moma Titanium Minerals Mine. The project is now 88% complete and
on schedule for completion by the contractor before the end of the
year. Various elements of the overall project will be completed
before this time.

Kenmare also reported that the full production management team for
the mine has now been recruited and is working on commissioning and
ramp up programmes. The hiring and training of non-management workers
is on-going with the objective of having a full complement of staff
on board for taking over various elements of the project as they are
released by the contractor.

While the core business of Kenmare will remain titanium minerals, the
recruitment of this new project management group has allowed Kenmare
to redeploy some of its exploration team. Given Kenmare's experience,
logistical capacity and standing in Mozambique, the Directors
consider further exploration in Mozambique is a strategic fit for the
Company. Hence, Kenmare is pleased to announce that it has been
granted three uranium exploration licences covering approximately
750km2 in the Tete Province of western Mozambique. The licences which
lie in the Zambezi Valley, cover an area underlain by Karoo
sandstones and contain known occurrences of uranium. The licences
were signed by Minister Esperanca Bias on July 11. An exploration
programme will commence shortly.

For more information:

Kenmare Resources plc
Michael Carvill, Managing Director
Tel:       + 353 1 671 0411
Mob:    + 353 87 674 0110

Conduit PR Ltd
Leesa Peters
Tel:      + 44 207 429 6600
Mob:    + 44 781 215 9885

Murray Consultants Ltd
Elizabeth Headon
Tel:      + 353 1 498 0300
Mob:    + 353 87 989 7234

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