Bishopsgate Communications Ltd.

The Board of Belmore, a minerals exploration company with a focus on projects in the Republic of Ireland, is pleased to announce its interim results for the six months ended 28^th February 2010.

· Drillhole 10-3679-43 intersected 1.45m at 39.95% Lead+ Zinc and 123g/t Silver. The drillhole also included a 1.2m interval with 50.43% Lead+ Zinc and 927.9g/t Silver;

· Drillhole 10-3679-46 intersected a 20.50m Interval with 16.7% Lead+ Zinc and 74.50g/t Silver. That drillhole included a 12.6m interval with 19.64% Lead+ Zinc and 98.3g/t Silver; and

· Following recent results Lundin Mining Exploration (“Lundin”) has proposed to further accelerate the exploration programme by adding two more drill rigs, brining the total number to six.

Company Chairman Mr. Ian Forrest said:

“The period under review has been an encouraging time for the Company as we progress the exploration of the Kilbricken deposit with our partners Lundin.

“The Company and Lundin have been particularly enthused by recent results from Clare and it appears that we are delineating a highly prospective zinc-lead-silver target. The Company and Lundin remain committed to the exploration at Kilbricken and Lundin has proposed two further drill rigs to be added to the exploration programme.”

The six months have produced significant results from our exploration programme in Co. Clare, and I look forward to receiving the results from the accelerated exploration programme, being operated by Lundin Mining Exploration Limited, over the coming months.

An active drilling programme is continuing on the Belmore/Lundin Joint Venture (“JV”) licences in County Clare. Drilling during the period included Drillhole 09-3679-19 which intersected 3.85m at 16.22% Lead + Zinc and 76.2g/tSilver. Mineralisation in drillholes 09-3679-14 and 18 indicated an extension of the mineralising system to the west-northwest and the massive pyrite in 09-3679-20 also indicated potential targets to the east and southeast.

In the period the Company raised Euro330,400 (£300,003) at a placing price of Euro0.07 (£0.063) per share with various investors. The proceeds of the placement will be used for strategic investment purposes and is designated specifically for project investment.

The Company reported a profit for the period of €85,809 (2009: Loss of €46,209), which, on a weighted average basis, equates to a profit of €0.0023 per share. The Company had Net Current Assets of €407,386 and Cash balances of €452,588 at 28^th February 2010.

Post period Developments

The JV drilling with Lundin has continued to intersect thick, high-grade zinc-lead-silver sulphide mineralisation in the Kilbricken area. Excellent results were obtained in drill holes 3679-43 (9.4 metre interval grading 16.15% zinc plus lead, 242.75 g/t silver, and 1.5 metre interval grading 39.95% zinc plus lead, 123.6 g/t silver) and 3679-46 (20.5 metre interval grading 17.37% zinc plus lead, 74.5 g/t silver, including 12.6 metre interval grading 20.41% zinc plus lead, 98.3 g/t silver).

Drill hole 3679-43 is located 100 metres east of the mineralised drill hole 3679-38 (upper 2.85 metre interval grading 18.32% zinc plus lead, 85.38 g/t silver and lower 5.80 metre interval grading 10.98% zinc plus lead, 53.75 g/t silver) and drill hole 3679-46 is located 90 metres north of drill hole 3679-38, giving three contiguous, high-grade drill intercepts in this area. The detailed assay results for silver, zinc, lead, copper, arsenic and iron from the better mineralised drill holes are presented in the table which accompanies this release.

The recent drilling confirms the presence of an important normal fault striking west-northwest to east-southeast and down-dropping the stratigraphic rock package approximately 180 metres to the south. The hanging wall area of this fault is a major target for concentrations of silver-lead-zinc mineralisation as evidenced by the thick, high-grade sulphide intercepts in drill holes 3679-32, -46 and -43, all of which are positioned in the immediate hanging wall of this fault.

The next phase of drilling will continue to test along the extent of this favourable hanging wall zone, including the current 330 metre gap between holes 3679-32 and 3679-46 in addition to step-out holes which will test for strike extensions to the west-northwest and east-southeast of these holes respectively.

The extremely high silver and lead values in holes 3679-43 and 3679-46 (including a 1.2 metre intersection of over 900 g/t silver in drill hole 3679-43) provide strong evidence that drilling is now testing an area that was once a major conduit of silver-lead-zinc mineralising fluids, important for the development of an economic mineral deposit.

The highly prospective nature of this area has been reinforced by these recent drill holes and gives further grounds for optimism that the project will define an economic silver-lead-zinc deposit in Co. Clare. Following recent results Lundin has proposed to further accelerate the exploration programme by adding two more drill rigs, bringing the total number of rigs on site to six.

Outlook

As mentioned above, the Company looks forward to an exciting period over the coming months, while continuing to pursue the investment project that has been previously announced.

I would like to take this opportunity to thank our shareholders for their continued support throughout the period and look forward to updating you on developments throughout the year.

W. Ian L. Forrest

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