GEX Georgina Energy Plc

    Drilling Update - Solona
             



                         Glencar Mining plc
                                  �
                 Solona Exploration Drilling Update
                                  �
   Glencar intersects 155 grams/tonne over 4 metres on its Solona
                exploration licence in southern Mali
                                  �
                             9 May 2008
Highlights:
�

- - Significant gold mineralization intersected on three targets on the
  Company's Solona Licence
- - 4 metres at 155 grams/tonne intersected at Badogo Malikila target,
  additional assays awaited
- - 16 metres at 2.54 grams/tonne� and 4 metres at 9.28 grams/tonne in
  separate holes at Niechilela target
- - 8 metres at 2.27 grams/tonne at Faliko target

�
Glencar Mining plc,  ("Glencar" or  "the Company"), the  AIM and  IEX
listed company with gold exploration interests in Africa, is  pleased
to announce partial assay results from the latest drilling  programme
on its Solona  Licence in  southern Mali. �Further  assays are  still
awaited from all three targets.
�
The Solona Licence is approximately 250 square kilometers in area and
is held  95%  by Glencar's  Malian  subsidiary company  Glencar  Mali
s.a.r.l.  The  licence  is   underlain  by  Birimian   metasediments,
metavolcanics   and   intrusive,   granitic   rocks.�    Significant,
northeast-southwest trending shear  structures are  evident from  the
aeromagnetic surveys.�
�
Surface rock sampling and mapping suggest that the Faliko, Niechilela
and  Badigo  Malikila  targets  are  prospective  and  the   recently
completed RAB (Rotary Air Blast) drilling programme was a first  pass
programme designed to  investigate such  potential.� A  total of  176
holes were drilled to an  average depth of 53  metres for a total  of
9,407  drilled   metres.�   Significant   gold   mineralisation   was
intersected at all three targets.
�
Hugh McCullough, Managing Director of Glencar says: "We are delighted
to have  intersected  further  significant  mineralization  in  Mali.
Following last month's impressive results at our adjacent concession,
Komana East, our portfolio of  projects provides a range of  exciting
prospects."
�
At Faliko, gold mineralization was found on each of three  fencelines
drilled and  the mineralized  zone extends  over a  strike length  of
1,000  metres   in   an   ENE-WSW  trending   direction.   The   best
mineralization intersected was  8 metres at  2.3 grams/tonne in  hole
SARAB033 from 24-32 metres. Three  fencelines were drilled at  Faliko
at an  average spacing  of  500 metres.�  Assays  from 11  holes  are
awaited from this target.
�
At Niechilela,  significant  mineralization  extends  over  a  strike
length of 1,200 metres with one hole, SARB096, intersecting 4  metres
at 9.28 grams/tonne. Four fencelines were drilled at Niechilela  with
an average  spacing of  400  metres.�� Assays  from three  holes  are
awaited from this target.
�
At Badigo  Malikila,  hole SARAB114  intersected  4 metres  at  154.7
grams/tonne between 52  and 56  metres downhole  depth. SARAB114  was
drilled on  a  fenceline some  400  metres north  of  the  previously
drilled reverse circulation drillhole  SARC009 which had  intersected
two mineralized horizons, 8 metres  at 2.6 grams/tonne between 6  and
14 metres depth and  2 metres at 25.2  grams/tonne between 30 and  32
metres depth.� Four fencelines were  drilled at Badogo Malikila  with
an average spacing of 500 metres.�  Assays from 60 holes are  awaited
from this target.
�
All of the targets drilled to  date within the Solona concession  lie
on structures identifiable  in the  recently completed  aeromagnetics
survey data.�  The  preliminary  RAB  holes  reported  here  will  be
followed up with reverse circulation ("RC") drilling during the  next
drilling season.
�
The locations of  the three targets  will be  shown on a  map on  the
Company's website at www.glencarmining.ie.� A drillhole location plan
will be shown  on the  website when  all remaining  assays have  been
received.
�
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.
�
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/Michael Kinirons
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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