Update on Drilling Programme Drilling Programme IMC Exploration Group Plc announces that a drilling programme has commenced on PL 2551 in Co. Wexford, Ireland. This is a highly prospective licence for gold mineralisation. There are many occurrences of gold in panned concentrates, gold in soils, gold in deep overburden, gold in mineralised float and gold in bedrock.

The board of IMC Exploration Group plc (IMC) is pleased to announce that it has raised GBP50,000 by way of a placing of 5,000,000 new ordinary shares of EUR0.001 each in the Company ("Ordinary Shares") at a price of 1p per share (the "Placing Shares"). Attached are one warrant for every 5 Ordinary shares at a price of 1p per share, excercisable for three years from today.

IMC Exploration Group Plc announces that priority drilling has commenced a drilling programme on its highly prospective Avoca property, PL 3849 in Co. Wicklow, Ireland. This prospecting licence lies on the Avoca mineralised belt and on its interpreted NE extension located in the core of the Caledonian para-tectonic belt of SE Ireland.

Issue of New Equity Securities The board of IMC is pleased to announce that it has raised GBP 120,000 before expenses by way of a placing (the "Placing") of 10,000,000 new ordinary shares of EUR0.001 each in the capital of the Company ("Ordinary Shares") at a price of 1.2 pence per share (the "Placing Shares"). The total number of Ordinary Shares in issue following the Placing is 250,014,285.

IMC EXPLORATION GROUP PLC ("IMC" or the "Company") SHARE PLACING; DIRECTORS' INTERESTS IN VOTING RIGHTS