Glencar Mining PLC 20 February 2006 Glencar Mining plc Grant of Share Options The Board of Glencar Mining plc ("Glencar" or the "Company") has today awarded options over ordinary shares of €0.031 under the Company's Share Option Scheme to Directors of the Company as follows: Hugh McCullough 3,000,000 shares Kieran Harrington 2,000,000 shares Sean Finlay 750,000 shares William Cummins 750,000 shares Philip O'Quigley 750,000 shares All the options are exercisable from today for a five year period until 20 February, 2011 at an exercise price of €0.105 (Stg£0.072) per share. These options are in addition to options already held by the Directors. For further information, please contact: Glencar Mining plc Hugh McCullough, Chief Executive Tel: +353 1 661 9974 e-mail: info@glencarmining.ie Heneghan PR Rachel Watchorn Tel: +353 1 6607395 e-mail: rachel@hpr.ie 20 February, 2006 This information is provided by RNS The company news service from the London Stock Exchange