ORI Oriel Res.

RNS Number:3541Q
Canaccord Adams Limited
18 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                                            17 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                          0 0            34,619 0.01
(2) Derivatives (other than options)             0 0            0 0
(3) Options and agreements to purchase/sell      0 0            0 0
                                         Total   0 0            34,619 0.01

(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       0 0
                                                       1.03
(2) Derivatives (other than options)                   0 0           0 0
(3) Options and agreements to purchase/sell            0 0           0 0
                                               Total   136,006       0 0
                                                       1.03

(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                                        15,000                         100.75p
S                                        34,126                         102.00p
S                                         5,000                         100.00p
S                                        15,000                         101.00p
Total Buys 15,000
Total Sells 54,126

(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                                  18 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

END
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