At today’s Annual General Meeting of Oriel, all resolutions were duly passed. These resolutions included a resolution relating to the granting of authority to the directors of Oriel to allot shares for cash on a non-pre-emptive basis (Resolution 11). As a result of consultations with shareholders in advance of the meeting, the Board of Oriel has undertaken to limit its use of such authority to an aggregate nominal amount of share capital equal to 5 per cent of the current issued share capital as at today’s date being 10,077,678 ordinary 1 p shares (£100,776.78 nominal value).

Ends

For further information please contact:

Dr Sergey V Kurzin, Executive Chairman, Oriel Resources plc
Tel: +44 (0) 20 7514 0590

David Swan, Finance Director Oriel Resources plc
Tel: +44 (0) 20 7514 0590

Jonathon Brill/Billy Clegg, Financial Dynamics
Direct: + 44 (0) 20 7831 3113

Paul Lathigee, Vanguard Shareholder Solutions
Direct: + (1) 604 608 0824