Ortac Resources Ltd 

("Ortac" or the "Company")

ISSUE OF EQUITY & DIRECTOR'S DEALING

Ortac Resources Ltd, the AIM listed exploration and mine development company, is delighted to announce that it has raised £600,000 (before expenses) by way of a placing of new ordinary shares (the 'Placing').  The Placing comprises 705,882,353 new ordinary shares issued at a price of 0.085 pence per ordinary share (the 'Placing Shares').  Certain Directors of the Company have subscribed for 54,117,647 new ordinary shares ("Ordinary Shares") at 0.085 pence per ordinary share. 

The Company announced on 30 March 2015 the subscription by Ortac for secured convertible loan notes, convertible into a 10.71% stake in Zamsort Limited ("Zamsort"), and a call option to acquire a further US$600,000 secured convertible loan note in Zamsort ("Call Option"). The funds raised in the Placing will enable Ortac to exercise its Call Option and subscribe for a further US$600,000 secured convertible loan note. In the event that Ortac was to exercise the Call Option and convert all of the convertible loan notes it held in Zamsort, the Company would have an interest in 19.35% of the share capital of Zamsort. The balance of the funds raised from the Placing not used to acquire additional secured convertible loan notes of Zamsort will be used for working capital purposes.

The Director's shareholdings, prior to and following the Placing, are as follows:

*Anthony Balme's shares are to be purchased by Anthony Balme (5,882,353 ordinary shares), Carter Capital Ltd (8,235,294 ordinary shares), Carter Capital Ltd Pension Scheme (11,764,706 ordinary shares) and AMC Ltd (11,764,706 ordinary shares)..

Vassilios Carellas, CEO at Ortac Resources Ltd commented: "Despite the challenging market conditions this week, we are delighted to have secured these funds, which reflect the highly prospective nature of this opportunity in Zambia. We truly believe this to be an exciting project to be a part of and we are of the firm view that it will add shareholder value in due course."

Application will be made for the Placing Shares to be admitted to trading on AIM ('Admission').  It is expected that Admission will become effective on or around 7 July 2015.  The Placing Shares will rank pari passu with the existing ordinary shares. 

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following the Placing it has 3,532,211,373 ordinary shares of no par value each in issue, each share carrying the right to one vote.  The Company does not hold any ordinary shares in treasury.

The above figure of 3,532,211,373 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. 

---ENDS---

For additional information please visit  - www.ortacresources.com