Further to recent share price movements and market rumour, Oriel Resources plc ('Oriel' or the 'Company') (AIM:ORI, TSX:ORL) announces that it is in discussions regarding a potential transaction (the 'Transaction'), which, if completed, would constitute a Reverse Takeover under the AIM Rules.

As a result of the announcement, trading on AIM of the Company's ordinary shares will be temporarily suspended with immediate effect.

Although these discussions are at an advanced stage, there can be no certainty that they will be concluded successfully. A further announcement will be made in due course.

ENDS
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For further information please contact:

David Swan, Financial Director and Company Secretary, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590

Gavin Dallas, Marketing and PR, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590

Michael Padley / Michael Spriggs, Bankside Consultants
Tel: +44 (0) 20 7367 8888

Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1 604 608 0824

Robert Finlay / Robin Birchall, Canaccord Adams Limited
Tel +44 (0) 20 7518 7375

www.orielresources.com