Dalradian Resources Inc.
AIM : DALR

December 21, 2015 02:00 ET

Dalradian Issues Options

FOR:  DALRADIAN RESOURCES INC.

TSX SYMBOL:  DNA, DNA.WT
AIM SYMBOL:  DALR

December 21, 2015

Dalradian Issues Options

TORONTO, ONTARIO--(Marketwired - Dec. 21, 2015) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the
"Company") announces that the Company issued 2,050,000 stock options to its directors and a further 250,000 stock
options to staff on December 18. The stock options were issued in accordance with Dalradian's Stock Option Plan, are
exercisable into common shares of Dalradian at $0.67 (being the closing price on the Toronto Stock Exchange on December
17, 2015) over a five-year term. Vesting is immediate for the 250,000 options granted to Dr. Adshead-Bell. For the
remaining option grants, 683,334 vest immediately on the day the options were granted ("Grant Date"), 683,333 12 months
after the Grant Date and the final 683,333 24 months after the Grant Date.

The following table provides a breakdown of the stock options issued to directors and staff:

/T/

----------------------------------------------------------------------------
Directors and staff          Stock options          Total stock options held
                                    issued               following the grant
----------------------------------------------------------------------------
Thomas Obradovich                  150,000                           800,000
----------------------------------------------------------------------------
Ron Gagel                          150,000                        700,000(i)
----------------------------------------------------------------------------
Patrick Downey                     150,000                           400,000
----------------------------------------------------------------------------
Jonathan Rubenstein                150,000                           550,000
----------------------------------------------------------------------------
Sean Roosen                        150,000                        850,000(i)
----------------------------------------------------------------------------
Jim Rutherford                     150,000                           400,000
----------------------------------------------------------------------------
D. Grenville Thomas                150,000                           550,000
----------------------------------------------------------------------------
Nicole Adshead-Bell                250,000                           250,000
----------------------------------------------------------------------------
Patrick F.N. Anderson              750,000                      2,150,000(i)
----------------------------------------------------------------------------
Marla Gale                         175,000                           475,000
----------------------------------------------------------------------------
Other staff                         75,000                           250,000
----------------------------------------------------------------------------
Total                            2,300,000                      7,375,000(i)
----------------------------------------------------------------------------

/T/

Following the grant, the total number of options under the Company's Stock Option Plan are 11,035,000.

(i) 1,250,000 options with an exercise price of $0.75 are due to expire on January 6, 2016: 250,000 each held by Mr.
Gagel and Mr. Roosen and 750,000 held by Mr. Anderson. In addition, 400,000 options with an exercise price of $0.25 are
due to expire on January 6, 2016: 250,000 held by Mr. Anderson and 150,000 held by Mr. Roosen.

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
investor@dalradian.com

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.