GEX Georgina Energy Plc

    Drilling Update - Komana East
             



                         Glencar Mining plc

                            15 April 2008

                           Drilling Update

  Glencar intersects 56 metres at 3.72 grams/tonne in  Komana East
                         drilling programme

                             Highlights

- - Current drilling  programme will impact  very significantly on  the
next Komana resource update
- - Strike length of mineralisation  drilled to date extended to  1,100
metres
- - Average grade of mineralisation intersected  in the ore zone is  in
excess of 3.5 grams/tonne
- - Latest  drilling results  include 56m  at 3.72  grams/tonne and  16
metres at 14.6 grams/tonne
- - Further stepout drilling results awaited and drilling is continuing

Glencar Mining plc ,  ("Glencar" or "the Company"),  the AIM and  IEX
listed company with gold exploration interests in Africa, is  pleased
to announce  assay   results from the  ongoing drilling campaign at
its Komana East target  in southern Mali.

The assay results reported below  confirm the belief that the  Komana
East  deposit   is  one   with  considerable   size  potential.   The
consistently good widths and the high average grades encountered mean
that resource  gold  ounces  can  be quickly  developed.    Glencar
controls  a total of  23 kilometres of strike length along the  shear
structure to the  north and south  of Komana East  within the  Komana
licence and the  mineralisation there  is open along  strike in  both
directions and at  depth.   An additional nine  kilometres of  strike
length to the north  is controlled by  Glencar within the  Sanioumale
licence, one of the licences under joint venture with a subsidiary of
Gold Fields Limited.

Since our last statement on 26  March 2008, Glencar has continued  to
drill  the  Komana  East  target  with  very  exciting  results.  The
programme to date comprises 34 holes, for 3,918 metres of RC drilling
and 255 metres of diamond core drilling.   Of the 34 holes drilled at
Komana East to  date, assays have  been received for  20 holes.   The
latest holes reported in this release were drilled both as 100  metre
stepout fencelines to the north and south of the previously  reported
results, and deeper, cored  drillholes within the previously  drilled
zone (Note 1).  The results  of the latest holes drilled through  the
ore zone are as follows:


KEDD344 16 metres at 14.6 grams/tonne (uncut) or 16 metres at  11.9
        grams/tonne (cut) from 111 metres to 127 metres and the hole
        bottomed in the ore zone (Note 2).
KERC361 56 metres at 3.72 grams/tonne from 21 metres to 77 metres and
        the hole bottomed in the ore zone due to rig breakdown.
KERC416 13 metres at 1.83 grams/tonne from 81 metres to 94 metres


Assay results are awaited from two further stepout fencelines to  the
south and from  two stepout fencelines  to the north.   The  northern
fencelines, in  particular,  each displayed  very  extensive,  visual
indications of good grade mineralization.  If these boreholes in  the
northern stepout fencelines report ore grade assays as expected,  the
drilled strike length of the main ore zone will then be 1,300  metres
with  assays  still  awaited  from  two  further  100  metre  stepout
fencelines to the south.

Other holes  which were  drilled outside  of the  projected ore  zone
returned the following assays:


KERC143 2 metres at 4.85 grams/tonne from 20 metres to 22 metres
KERC146 3 metres at 1.73 grams/tonne from 43 metres to 46 metres


Boreholes KERC139, KERC144 and KERC147, KERC360, KERC362 and KERC365,
all  drilled  outside  the  projected   ore  zone,  did  not   report
significant grades above 0.5 grams/tonne.

Because of the importance of the results at Komana East, and in  view
of the delays being experienced  in receiving assay results from  the
laboratory, we  have  requested  the  laboratory  to  prioritise  the
results from Komana  East which  means that  the outstanding  results
from Komana West  and Solona  drilling will be  received after  those
from Komana East.

The Komana East   target  is approximately seven  kilometres east  of
Glencar's Komana West deposit and  drilling by the previous  licencee
Randgold in the area in the 1990s  had already outlined a non -  JORC
compliant resource of 280,000 ounces  of gold. The mineralization  at
Komana East is contained within a brecciated, silicious metasediment.
 Details of the drillhole locations will be published shortly on  the
Company's website at www.glencarmining.ie

We are  very pleased  to be  able to  report such  exciting  drilling
results from the  Komana East  target.  It  is the  culmination of  a
carefully constructed  exploration programme  in a  very  prospective
area, which has already shown its great potential in the discovery of
the Komana West deposit.  The emerging  Komana East deposit points to
the likely  development  of  a  mining camp  in  the  Komana  region,
comprising both Komana East and  West deposits, with still  excellent
potential both  for  extensions  to the  existing  deposits  and  the
discovery  of  additional  satellite  deposits  within  this   highly
prospective  Sankarani  shear  system.  We  anticipate  that  current
drilling programme will impact very significantly on the next  Komana
resource update.

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.

Note 1 -  the Company has  in place a  comprehensive QA/QC  programme
designed to ensure the  integrity and quality  of sampling and  assay
results.  All assays have been carried out at SGS Analabs  laboratory
at Morila Mine in Mali.

Note 2 - In order to reduce the influence of exceptionally high assay
values for purposes of evaluating overall grades, it has been decided
to cut any  higher values to  a maximum grade  of 30 grams/tonne  and
grades are quoted herein in both cut and uncut form.

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.

For further information please contact:


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



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



Davy Corporate Finance
Brian Corr, Associate Director
Tel:      +353 1 679 6363

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