Unaudited Consolidated Interim Results for the six months ended 31st December 2012

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Dear Shareholder,

I am pleased to present the interim financial and operating results for IMC for the six months to 31st December 2012.

The second half of 2012 proved to be an exciting time for your company, the highlight being the discovery of "bonanza" grade gold during drilling at Boley, Co. Wexford which yielded grades of 354g/t gold (11.38oz/t gold) within a 13.5m interval averaging 3.5g/t gold.

This exceptional result followed on from other previous positive results and further drilling results have identified three distinct gold zones in this licence area.

Further work is presently being carried out in Wexford, including the reprocessing of available airborne geophysics and geochemical surveys, all of which will give a clear definition of the enormous potential of the Wexford licence area.

In Tulla Co. Clare findings from further drilling, backed up by an independent Competent Person's Report, confirmed the area's potential to host significant zinc and other base metal mineralisation. Features of a type associated with Silvermines, Lisheen and Galmoy Zn-Pb deposits were identified which endorsed the directors' belief that the Tulla area hosts significant base metal mineralisation.

The recent award by the Department of Communications, Energy and Natural Resources of two licences in Avoca, Co. Wicklow is a significant achievement by the company. This is a further endorsement of our progress to date as well as our ability to put in place professional, competent and achievable strategic plans to maximise the potential of each licence area.

We have already commissioned an independent report on the Avoca Licence area, where drilling targets have been identified and a detailed program of exploration, drilling and analysis of our five licence areas in Wicklow/Wexford is underway.

We will keep you, our shareholders, informed of all developments as your company enters a further exciting stage of its development.

Dr Glenn Millar,
Chief Executive Officer

Unaudited Consolidated statement of comprehensive income
for the period ended 31 December 2012

                                                                 Six Months      Six Months 
                                                 Notes            31-Dec-12       31-Dec-11 
                                                                       Euro            Euro 
Continuing Operations                                                     -               - 
Revenue                                                                   -               - 
Other Income                                                          5,193               - 
Administrative Expenses                                           (170,235)       (252,433) 
(Loss) before tax                                                 (165,042)       (252,433) 
Income tax expense                                                        -               - 
(Loss) for period from continuing operations                      (165,042)       (252,433) 
Other Comprehensive income                                                -               - 
Loss for the period and total comprehensive loss for the period   (165,042)       (252,433) 
Earnings per share (all continuing) 
Loss per ordinary share - basic & diluted            1             (0.0031)        (0.0049) 

Unaudited Consolidated Statement of Financial Position
As At 31st December 2012

                                                                31-Dec-12        31-Dec-11 
                                                 Note                Euro             Euro 
Non Current Assets                                 2              511,029          137,528 
Current assets 
Debtors                                                           135,233           28,570 
Cash and cash equivalents                                         303,414        1,039,317 
Total assets                                                      949,676        1,205,415 
Equity and liabilities 
"A" Ordinary Share Capital                         3               38,093           38,093 
Ordinary Share Capital                             3               53,309           53,309 
Share Premium - Ordinary Shares                    3            1,319,107        1,319,107 
Retained Earnings                                               (513,550)        (256,933) 
Equity attributable to the owners of the Company                  896,959        1,153,576 
Current Liabilities 
Trade & Other Payables                                             52,717           51,839 
Total liabilities                                                  52,717           51,839 
Total equity and liabilities                                      949,676        1,205,415 

Unaudited Consolidated Statement of Changes in Equity
for the period ended 31 December 2012

                                   "A" Ordinary   Ordinary Share    Share Premium      Retained         Total 
                                  Share Capital          Capital       - Ordinary        losses 
                                           Euro             Euro             Euro          Euro          Euro 
Balance at 30 June 2012                  38,093           53,309        1,319,107     (348,508)     1,062,001 
Loss for the Period                           -                -                -     (165,042)     (165,042) 
Other comprehensive loss 
for the period                                -                -                -             -             - 
Total Comprehensive loss 
for the period                                -                -                -     (165,042)     (165,042) 
Issue of share capital                        -                -                -             -             - 
Balance at 31 Dec 2012                   38,093           53,309        1,319,107     (513,550)       896,959 

Accounting policies

Basis of Preparation

The financial statements have been prepared on a historical cost basis. The financial statements are presented in Euro.

 (a) Statement of Compliance

The consolidated unaudited interim financial statements of IMC Exploration Group Plc and its subsidiary have not been reviewed by the auditor and have been prepared in accordance with International Financial Reporting Standards ('IFRS') as adopted by the European Union ('EU'). In addition to complying with its legal obligation to comply with IFRS as adopted for use in the EU, the Group has also complied with IFRS as issued by the International Accounting Standards Board ('IASB').


1. Loss per share

Basic loss per Ordinary Share amounts are calculated by dividing net loss for the period attributable to ordinary equity holders of the parent by the weighted average number of Ordinary Shares outstanding during the period.

Basic earnings per share
The weighted average number of ordinary shares used in the calculation of basic and diluted earnings per share is as follows

                                                                        31-Dec-12         31-Dec-11 
                                                                             Euro              Euro 
Loss for the period attributable to equity holders of the parent          165,042           346,008 
Weighted average number of ordinary shares for the purposes 
of basic earnings per share                                            53,129,059        37,206,946 
Basic (loss) per ordinary share                                          (0.0031)          (0.0049) 

2. Intangible assets - Exploration and Evaluation Assets

                                                                            Ireland             Total 
Cost                                                                           Euro              Euro 
At 30th June 2012                                                           314,392           314,392 
Additions                                                                   181,895           181,895 
At 31 December 2012                                                         496,287           496,287 
Provision for diminution in value 
At 30th June 2012                                                                 -                 - 
Charge for period                                                                 -                 - 
At 31 December 201                                                                -                 - 
Net book value 
At 31 December 2012                                                         496,287           496,287 
At 30th June 2012                                                           314,392           314,392 

Expenditure on exploration activities is deferred on areas of interest until a reasonable assessment can be determined of the existence or otherwise of economically recoverable reserves. No amortisation has been charged in the period. The directors have reviewed the carrying value of the exploration and evaluation assets and consider it to be fairly stated and not impaired at 31 December 2012. The recoverability of the exploration and evaluation assets is dependent on the successful development or disposal of the Group's licence areas.

3. Share capital - Group and Company

                                                                          31-Dec-12         31-Dec-11 
Authorised equity                                                                Euro              Euro 
200,000,000 Ordinary shares of Euro0.001 each                                 200,000           200,000 
50,000 "A" Ordinary of  one euro                                               50,000            50,000 
                                                                              250,000           250,000 
Issued, called up and fully paid:                            Number of          Share 
                                                                shares        Capital           Premium 
Euro 0.001 Ordinary Shares                                                       Euro              Euro 
At 30 June 2012                                             53,308,507         53,309         1,319,107 
Issued in period                                                     -              -                 - 
As at 31 December 2012                                      53,308,507         53,309         1,319,107 
Issued, called up and partly paid:                           Number of          Share             Share 
                                                                shares        Capital           Premium 
One Euro A Ordinary Shares                                                       Euro              Euro 
At 30 June 2012                                                 38,093         38,093                 - 
Issued in period                                                     -              -                 - 
As at 31 December 2012                                          38,093         38,093                 - 

"A" Ordinary Shares have the right to receive notice of and attend but not to vote at general meetings, no right to a dividend, right to return of capital but no further right to participate in a distribution of assets of the company.

General information on the Company and the Group

IMC Exploration Group Plc has secured full rights to 18 licences for base metal exploration in the Irish Base Metal Province and 5 licences for gold exploration in Wicklow/Wexford.

The Group has conducted a review of historic mineral exploration data utilising the extensive experience, knowledge and expertise of the team. Drill targets have been generated on each of the prospecting licences based on exploration models developed by the Group. The Group intends to undertake an exploration programme that includes a comprehensive historical data compilation and review, geochemical sampling, geophysical data capture/processing and ultimately drilling based on these analyses.

The directors of the issuer accept responsibility for this announcement.

Contact Details:

IMC Exploration Group Plc
Mr. Liam McGrattan
Tel. Ireland: +353 87 2745427

Mr. Hugh Gibney
Tel. Ireland: +353 87 671 9332

LHM Casey McGrath
Mr. Con Casey
Tel. Ireland: +353 1 495 9200
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About IMC Exploration

IMC Exploration Group plc was incorporated in Ireland in June 2011 with a view to identifying precious and basemetal deposits in Ireland.


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IMC Exploration Group plc,
70 Ballybough Road,
Dublin 3, Ireland

Telephone: +353 872819215

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