TIDMIMCP

    IMC Exploration Group plc

                                 AGM & SHARE PLACEMENT                             

    At the recent Annual General Meeting of IMC, all the resolutions put to
    shareholders were passed.

    The board of IMC Exploration Group plc ('IMC') are also pleased to announce
    that they have

    raised £150,000 by way of a Placing and Subscription of 15,000,000 new ordinary
    shares of

    €0.01 each in the Company, at a price of 1p per share.   Two directors, Liam
    McGrattan and Nial Ring have subscribed £50,000. Global Resource Investment
    Trust plc has subscribed a further £50,000.

    Following this issue of new ordinary shares, the total number of ordinary
    shares in issue is 122,816,719.

    Chairman, Liam McGrattan commented "IMC continues to make solid progress in its
    exploration and corporate activities. We look forward to the coming year with
    enthusiasm."

    Contact Details:

    IMC Exploration Group PLC
    Liam McGrattan
    Tel. +353 872745427

    Keith Bayley Rogers & Co. Limited
    Hugh Oram
    Tel: +44 207 464 4090