AIM: ORI

TSX: ORL

                PRESS RELEASE

26 June, 2008

Oriel Resources Plc ("Oriel" or the "Company")

Exercise of warrants

______________________________________________________________________________________

Oriel Resources plc (AIM:ORI, TSX:ORL) announces that warrants (AIM:ORIW) over ordinary shares of 1p each in the share capital of the Company were exercised on 25 June 2008.

Details of the warrants exercised are as follows:

Accordingly, application will be made for 5,000 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 1 July 2008. Following the exercise of these warrants the total issued capital of the Company will be 641,675,324 ordinary shares.

ENDS

------------------------------------------------------------------------------------------------------------------------------------------------

For further information please contact:

Alexander Tolkach
Head of International Relations & Affairs Relations, Mechel OAO
Tel: +7 495 221 8888

Tania Tchedaeva, Oriel Resources Plc

Tel: +44 (0) 20 7514 0590

Gavin Dallas, Investor Relations, 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

• News Channel