The Board of Directors of Belmore Resources (Holdings) plc (the Company), a company whose shares are traded on the Plus Stock Exchange in London and the holding company of Belmore Resources Limited (involved in mining in Ireland), have recommended an all cash offer by Lundin Mining Exploration Limited (a subsidiary of Lundin Mining Corporation) of STG £0.15 per share for the entire issued share capital of the Company.

The offer became unconditional in July 2011.

Emmet Scully and Ruairķ Mulrean of our Business Department advised the Board of Directors of Belmore Resources (Holdings) plc in relation to the offer made by Lundin Mining Exploration Limited.

July 2011.