GEX Georgina Energy Plc

    Glencar Mining plc

Glencar confirms main ore zone at Komana West and shows excellent
southern strike potential

9 May 2007

Highlights:


KWDD068 18 metres at 4.6 grams/tonne from 84m to 102m
KWDD072 10 metres at 4.2 grams/tonne from 18m to 28m
KWDD074 49 metres at 6.0 grams/tonne from 77m to 126m
KWDD080 36 metres at 3.6 grams/tonne from 57m to 93m
KWDD081 8 metres at 3.9 grams/tonne from  52m to  60m and, 11 metres
        at 4.5 grams/tonne from  69 m to 80 m.



Glencar Mining plc, ("Glencar" or the "Company"), is pleased to
announce continuing positive drill results from its exciting Komana
West gold project in southern Mali.  4,421 metres of drilling have
been completed to date in the fourth phase drilling programme, and
assays have shown that the extensive, high grade intersections
continue in the most southerly of the fencelines drilled to date in
this drilling phase.  The drill programme is continuing, but will be
suspended when the rainy season gets underway in Mali in early June.
It is expected that, by that time, sufficient drilling will have been
done to enable the calculation of a resource estimation by the end of
Q3 2007.

The drill assay data reported in this announcement relate to
additional drillholes located further to the south than those
reported in our last Drilling Update dated 20 March 2007 which
reported assay results for 8 of the 24 holes now drilled in this
fourth phase.  This announcement deals with assay information for the
remaining 16 holes drilled to date.

The most significant aspect of the latest drill results is the fact
that extensive, ore grade mineralization has now been intersected in
two holes on the most southerly fenceline drilled in the current
phase of drilling.  KWDD074 intersected 49 metres at 6.0 grams/tonne
between 77 metres and 126 metres downhole depth.  KWDD080, further to
the southeast, intersected 36 metres at 3.6 grams/tonne between 57
metres and 93 metres downhole depth.  These two holes, located as
they are, at the southern edge of the current drilling grid, confirm
the potential for southerly strike extension of this ore zone.

Most of the holes in this fourth phase of drilling were precollared
in reverse circulation ("RC") drilling and tailed with diamond core
drilling.  Total RC metreage to date in the Phase 4 programme is
2,921 metres while diamond coring in this phase to date has amounted
to 1,500 metres.  All holes have been drilled at an azimuth of either
135 degrees or 315 degrees, depending on hole location and ground
conditions and the drillhole angle is 55 degrees from the
horizontal.  A map showing the location of the drillholes referred to
above will be uploaded onto the Company's website,
www.glencarmining.ie shortly.

The significant intersections in eleven of the sixteen boreholes are
set out in the table below.  There were no significant intersections
in the other five boreholes drilled (KWDD065, KWDD070, KWDD075,
KWDD078 and KWDD079).

The drillrig operating at Komana West was temporarily deployed to
Badogo-Malikila on our Solona concession to carry out reverse
circulation drilling on a well defined target there and, following
completion of that programme on 8 May, the rig is now returning to
Komana West to carry on drilling there until the rains in June will
force suspension of drilling until October next.

Widths of mineralization quoted in this report are not to be taken as
true widths.  Further geological evaluation is required in order to
determine the precise disposition of the ore zones at Komana West.

Commenting on the results, the Managing Director, Mr. Hugh McCullough
said,

"This latest set of results confirms our confidence in the extent of
this significant ore zone.  The width and grade of these latest
intersections compares very well with the previously reported results
to the north.  The orebody model we are developing is giving us
greater confidence in the continuity of the ore zone, and we are very
optimistic about the potential for a commercial deposit at Komana
West."

Hugh McCullough, EurGeol., PGeo, Managing Director of Glencar, is a
member of the Institute of Geologists of Ireland.  He is a qualified
person as defined in the Guidance Note for Mining, Oil and Gas
Companies, March 2006, of the London Stock Exchange.  He has reviewed
and approved the technical information contained in this
announcement.

For further information, please contact:


Glencar Mining plc
Hugh McCullough, Managing Director
Tel:         +353 1 661 9974
e-mail:      info@glencarmining.ie



Heneghan PR
Sean O'Riordain
Tel:    +353 87 2556727
e-mail: sean@hpr.ie



Bishopsgate Communications
Maxine Barnes/Nick Rome
Tel:    +44 20 7562 3350
e-mail: nick@bishopsgatecommunications.com


Notes to Editors

Glencar is a Dublin-based exploration company with a focus on
exploration and development of gold deposits in Africa. Glencar has
found major gold deposits in Ghana, West Africa in both the 1980s and
in the 1990s. The Company has operations in Mali and Ghana in West
Africa and in Uganda in East Africa.


 Hole   From To  DH Width  Au
        (m)  (m)   (m)    (g/t)
KWDD066  89  90     1      6.5
KWDD066  96  105    9      2.6

KWDD067 208  214    6      3.1

KWDD068  41  44     3      3.6
KWDD068  79  102    23     3.7
KWDD068  84  102    18     4.6

KWDD069 138  139    1      5.8

KWDD071  11  13     2      2.1
KWDD071 102  103    1      1.4
KWDD071 107  109    2      1.0
KWDD071 116  117    1      2.9
KWDD071 128  130    2      5.3

KWDD072  5    9     4      3.4
KWDD072  18  28     10     4.2
KWDD072  92  93     1      2.0
KWDD072 100  101    1      1.8

KWDD073  38  39     1      6.6

KWDD074  36  39     3     10.0
KWDD074  54  63     9      1.2
KWDD074  66  67     1      1.3
KWDD074  72  74     2      2.2
KWDD074  77  126    49     6.0

KWDD077 135  155    20     0.6

KWDD080  57  93     36     3.6
KWDD080  96  98     2      0.7

KWDD081  26  30     4     12.1
KWDD081  52  60     8      3.9
KWDD081  69  80     11     4.5
KWDD081 104  106    2      4.5
KWDD081 118  122    4      1.3

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Copyright � Hugin ASA 2007. All rights reserved.

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