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Oriel Resources(ORI)

Sector:

Mining

Market Cap

£702.65m

Change Today

0.000p

Share Price

109.50p

Exercise of Options

Oriel Resources PLC
24 April 2008





                                                                        AIM: ORI
                                                                        TSX: ORL
                                                                   PRESS RELEASE
                                                                  24 April, 2008


                 Oriel Resources Plc ("Oriel" or the "Company")
                              Exercise of Options
________________________________________________________________________________


Oriel Resources plc (AIM:ORI, TSX:ORL) announces that options over ordinary
shares of 1p each in the share capital of the Company under the Company's share
option scheme were exercised on 18 April 2008.


Details of the options exercised are as follows:

Number of options                      Exercise Price
  150,000                                   49p

Accordingly, application has been made for 150,000 ordinary shares of 1p each in
the Company, which will rank pari passu with existing ordinary shares, to be
admitted to trading on AIM. The admission is expected to occur on or about 25
April 2008. Following the exercise of these options the total issued capital of
the Company will be 639,723,213 ordinary shares.


ENDS
--------------------------------------------------------------------------------

For further information please contact:

Tania Tchedayeva, Assistant Company Secretary, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590

Gavin Dallas, Marketing and PR, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590

Ryan Gaffney, Canaccord Adams Limited
Tel: +44 (0) 20 7050 6500

Michael Padley / Michael Spriggs, Bankside Consultants
Tel: +44 (0) 20 7367 8888

Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1 604 608 0824


www.orielresources.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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