Oriel Resources plc
LSE : AIM: ORI

Oriel Resources plc

July 07, 2008 11:30 ET

Exercise of Warrants

                                                                             AIM: ORI
                                                                             TSX: ORL
                                                                        PRESS RELEASE
                                                                         7 July, 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 4 July 2008.

Details of the warrants exercised are as follows:

   Number of warrants                Exercise Price
   10,000                            75p

Accordingly, application will be made for 10,000 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 11 July 2008. Following the exercise of these
warrants the total issued capital of the Company will be 641,685,324 ordinary shares.

ENDS
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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

Contact Information

  • Oriel Resources plc