Dalradian Resources Inc.

January 11, 2016 02:00 ET

Dalradian Directors Exercise Options; Equity to be Issued in Land Deal



                         Dalradian Directors Exercise Options; Equity to be Issued in Land Deal

TORONTO, January 11, 2016 /Marketwired/ - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company")
announces that it has issued 400,000 common shares of no par value ("Common Shares") following the exercise of options
on 5 January 2016 by two of its directors at an exercise price of $0.25 (12.19p).

Details of the exercise of options and resulting director share holdings are shown in the table below.
  Directors                       Stock options         Total stock       Interest in           % of
                                  exercised and        options held   enlarged issued       enlarged
                               number of Common       following the     share capital          share
                                  Shares issued               grant                          capital
  Sean Roosen                           150,000            700,000*         1,803,083           0.8%
  Patrick F.N. Anderson                 250,000          1,900,000*         3,916,361           1.8%
  Total                                 400,000          2,600,000*         5,719,444           2.7%

Following the grant, the total number of options under the Company's Stock Option Plan are 10,635,000.

* 1,250,000 options with an exercise price of $0.75 are due to expire on January 19, 2016: 250,000 each held by Mr.
Roosen and 750,000 held by Mr. Anderson. The Company's announcement of December 21, 2015 incorrectly stated the expiry
date as January 6, 2016. The $0.25 options exercised by Mr. Roosen and Mr. Anderson in the table above also would have
expired on January 19, 2016.

In addition, the Company has issued 150,000 Common Shares at a price of 39.50p ($0.81) per share. The Common Shares have
been issued to a landowner as part of a deal to acquire their land for a proposed mine site processing plant and
associated facilities in proximity to the Curraghinalt gold deposit.

Application has been be made for the 550,000 Common Shares, which rank pari passu with the existing Common Shares in
issue, to be admitted to trading on AIM and admission is expected to occur at 8:00am on or around 14 January, 2016

Following Admission, the Company will have in issue 215,713,700 Common Shares. This figure may be used by shareholders
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 Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

About Dalradian Resources Inc.

Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its high-grade
Curraghinalt Gold Project located in Northern Ireland, United Kingdom.  The Company is in the midst of a work program in
support of a planning (permitting) application for construction of an operating mine at Curraghinalt. Components of the
program include a feasibility study, an environmental and social impact assessment, infill drilling and underground
exploration (885 metres of development with two test stopes).

For more information:

Marla Gale
Vice President Communications
+1 416 583 5622

Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat / Harrison Clarke
+44 (0)20 7383 5100

Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
+44 20 7523 8000

Contact Information

  • Dalradian Resources Inc.