Oriel Resources plc
TSX : ORL
AIM : ORI

Oriel Resources plc

December 11, 2006 11:00 ET

Oriel Resources plc: Granting of Share Options to Directors of Oriel Resources plc

LONDON, UNITED KINGDOM--(CCNMatthews - Dec. 11, 2006) - The Directors of Oriel Resources Plc ("Oriel" or "the Company") (TSX:ORL)(AIM:ORI), the London-based chrome and nickel mining and processing company, announce the granting of options (the 'Options') over its common shares as of 7 December 2006 to the Directors of the Company as follows:



Number of Shares Number of Options
Name of Director Date of Grant Under Option After Grant

Dr Sergey Kurzin 07/12/2006 5,000,000 6,750,000
Nicholas Clarke 07/12/2006 1,250,000 3,000,000
Takhirzhan Baratov 07/12/2006 1,750,000 2,500,000
Geoffrey Bush 07/12/2006 1,000,000 1,500,000
Roger Richer 07/12/2006 1,000,000 1,500,000
John Reynolds 07/12/2006 1,000,000 1,500,000
Alexander Nesis 07/12/2006 1,000,000 1,000,000
Ehud Rieger 07/12/2006 1,000,000 1,000,000
Neil Woodyer 07/12/2006 1,000,000 1,000,000


The Options were granted pursuant to the Company's Share Option Scheme at an exercise price of Pounds Sterling 0.52.

The Options will vest as to one-third on the first, second and third anniversaries of the date of grant and may not be exercised later than the fifth anniversary of the date of grant, being 8 December 2011.

Contact Information

  • Oriel Resources plc
    Tania Tchedaeva
    Assistant Company Secretary
    +44 (0) 20 7514 0590
    or
    Oriel Resources plc
    Gavin Dallas
    Marketing and PR
    +44 (0) 20 7514 0590
    +44 (0) 20 7514 0591 (FAX)
    Email: info@orielresources.com
    Website: www.orielresources.com
    or
    Bankside Consultants
    Michael Padley / Michael Spriggs
    +44 (0) 20 7367 8888
    or
    Vanguard Shareholder Solutions
    Keith Schaefer
    (604) 608-0824