ORI Oriel Res.

RNS Number:2547Q
Canaccord Adams Limited
17 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      ORD 1p - ISIN:
disclosed relate (Note 1)                                   GB0034246743

Date of dealing                                             14 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                           4,507 0.001     0 0
(2) Derivatives (other than options)              0 0             0 0
(3) Options and agreements to purchase/sell       0 0             0 0
                                          Total   4,507 0.001     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: Warrants - ISIN                 Long        Short
GB00B07Q1965
                                                        Number (%)   Number (%)
1) Relevant securities                                  136,006 1.03 0 0
(2) Derivatives (other than options)                    0 0          0 0
(3) Options and agreements to purchase/sell             0 0          0 0
                                                Total   136,006 1.03 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                                        50,000                         103.00p
P                                         6,250                         102.50p
S                                         2,406                         104.83p
S                                        20,000                         104.50p
S                                           500                         104.75p
S                                         1,000                         103.75p
S                                        19,558                         103.50p
S                                         3,000                         103.25p
S                                        46,684                         103.00p
S                                         5,000                         104.00p
Total Buys 56,250
Total Sells 98,148


(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 etc.   relates (Note 6)            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                                  17 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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