Oriel Resources plc (AIM:ORI, TSX:ORL) announces that on 26 September 2006 it received a notification given in fulfilment of the obligations under section 198 of the Companies Act 1985 (“the Act”) by Dresdner Kleinwort Group Limited, an indirect subsidiary of Allianz AG, on behalf of Allianz AG and its subsidiaries, advising that Allianz AG and subsidiaries (as detailed below) are interested in 9,874,143 ordinary shares representing 4.85% of the issued share capital of Oriel Resources Plc. Included within this holding is a disclosable interest in 3.08% of the issued ordinary shares in which Dresdner Bank AG London Branch (“Dresdner”) hold an interest.

Dresdner is a direct subsidiary of Allianz Finanzbeteiligungs GmbH (“Allianz Finanz”) which is itself a direct subsidiary of Allianz AG. As a result of s203(2) of the Act, Allianz AG and Allianz Finanz are interested in Oriel Resources Plc ordinary shares in which Dresdner is interested.

The Company also announces that on 23 September 2006 it received a correction to the disclosure given by Morgan Stanley Securities Limited ("MSSL") and announced on 7 September. MSSL advised that their previous disclosure concerning Trade Date 4 September 2006, whereby MSSL acquired an interest in the shares that resulted in the holding a total of 22,336,286 shares, being approximately 10.99% of the issued share capital of the Company, was in error and that the correct Trade Date for this transaction was 01 September 2006.

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

www.orielresources.com