Oriel Resources (“Oriel” or “the Company”), the nickel, chrome and gold company, announces that it has made and had accepted an application for the listing and posting of its Ordinary Shares to be traded on the Toronto Stock Exchange, in addition to its listing in London. The Company has received confirmation that shares will start trading at the open of business in Toronto on Friday, February 25, 2005 under the symbol “ORL”.

Dr Sergey Kurzin, Executive Chairman and CEO of Oriel, commented:

“Today’s announcement is a positive move for Oriel Resources. The listing in Toronto will provide us with a deeper capital base, whilst providing greater liquidity for all shareholders. The Canadian marketplace is a knowledgeable follower of the natural resources sector and we look forward to expanding our shareholder base into North America through this listing.”

For further information please contact:

Dr Sergey Kurzin
Chairman and CEO
Oriel Resources
Tel: 020 7514 0590


Jonathon Brill/ Billy Clegg
Financial Dynamics
Tel: 020 7831 3113