ORI Oriel Res.

RNS Number:3062P
Canaccord Adams Limited
04 March 2008


                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
           WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS
                  BUT NOT DEALING IN A CLIENT-SERVING CAPACITY
                      (Rule 38.5(b) of the Takeover Code)

1. KEY INFORMATION

Name of exempt principal trader                           CANACCORD ADAMS
                                                          LIMITED
Company dealt in                                          Oriel Resources Plc
Class of relevant security to which the dealings being    Warrants - ISIN
disclosed relate (Note 1)                                 GB00B07Q1965.

Date of dealing                                           3 March 2008


2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 2)

                                                     Long            Short
                                                Number (%)        Number (%)
(1) Relevant securities                         148,868 1.124     0 0
(2) Derivatives (other than options)            0 0               0 0
(3) Options and agreements to purchase/sell     0 0               0 0
                                        Total   148,868 1.124     0 0

(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 2)

Class of relevant security:                           Long           Short
ORD 1p ISIN: GB0034246743
                                                 Number (%)       Number (%)
(1) Relevant securities                          25,021 0.004     0 0
(2) Derivatives (other than options)             0 0              0 0
(3) Options and agreements to purchase/sell      0 0              0 0
                                         Total   25,021 0.004     0 0

(c)                Rights to subscribe (Note 2)

Class of relevant security:                                  Details
n/a                                                          n/a

3. DEALINGS (Note 3)

(a) Purchases and sales

Purchase/sale     Number of securities          Price per unit (Note 4)
P                                      52,500                            27.00p
S                                       2,119                            27.75p
S                                      58,516                            28.00p


(b) Derivatives transactions (other than options)

Product      Long/short (Note   Number of securities (Note Price per unit (Note
name,        5)                 6)                         4)
e.g. CFD
n/a          n/a                n/a                        n/a


(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying

Product  Writing,     Number of         Exercise   Type, e.g. Expiry   Option
name,    selling,     securities to                American,           money
         purchasing,  which the option             European
         varying      relates (Note 6)             etc.
         etc.
e.g.                                    price                 date     paid/
call                                                                   received
option                                                                 per unit
                                                                       (Note 4)

n/a      n/a          n/a               n/a        n/a        n/a      n/a

(ii) Exercising

Product name, e.g. call      Number of            Exercise price per unit (Note
option                       securities           4)
n/a                          n/a                  n/a

(d) Other dealings (including new securities) (Note 3)

Nature of transaction (Note 7) Details   Price per unit (if applicable) (Note 4)

n/a                            n/a       n/a



4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.
NONE

Is a Supplemental Form 38.5(b) attached? (Note 8) NO

Date of disclosure                                  4 March 2008

Contact name                                        Patricia SANJURJO

Telephone number                                    020 7050 6500

Name of offeree with which connected                Oriel Resources Plc
Nature of connection (Note 9)                       Advisor


Notes

The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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