All Star Minerals plc
LSE : ASMO

December 14, 2010 05:01 ET

Issue of share options

                                                                                        14/12/2010
                                                                         GB00B12T7004/GBP/PLUS-exn

                                              ALL STAR MINERALS PLC
                                           ("All Star" or the "Company")
                                                 
                                              ISSUE OF SHARE OPTIONS
                                                 
All  Star  announces that the Directors of the Company have been issued with the  following  share
options in lieu of salary:

Conrad Windham                        10,000,000
Shahrukh Khan                          5,500,000
Edward Taylor                          5,000,000

These  share  options are exercisable in whole or in part at any time up to 31  December  2015  at
0.5p, being the closing mid-market price of the Company's shares on Friday, 10 December 2010.

The  Directors have not taken a salary in the Company for the past 24 months and have  elected  to
take share options in lieu of the accrued salary. The Directors feel that taking share options  in
the  Company,  rather than converting the accrued debt directly into shares,  is  fairer  for  all
shareholders.

The  Company  has also issued its Chief Geologist, Jan-Ola Larsson, with 1,000,000 share  options,
which  are exercisable in whole or in part at 0.5p any time up to 31 December 2015. These  options
have been issued in respect of services rendered to the Company.

The Directors of All Star Minerals Plc are responsible for the contents of this announcement.

ENQUIRIES:

Company

All Star Minerals Plc
Conrad Windham, CEO
Telephone: 020 3130 0674
E-mail: c.windham@allstarminerals.com
Website: www.allstarminerals.com

Corporate Advisor

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: 020 7368 6959

Contact Information

  • All Star Minerals plc