Private Placement

RNS Number:0738Y
Oriel Resources PLC
08 June 2007


This news release is intended for distribution in the UK and in Canada only and
is not intended for publication, release or distribution in or into Australia,
Japan, South Africa, The Russian Federation, or the United States of America.


                                                                        AIM: ORI
                                                                        TSX: ORL
                                                                   PRESS RELEASE
                                                                    June 8, 2007


                 Oriel Resources Plc ("Oriel" or the "Company")

    Oriel Resources confirms the completion of #48,800,000 Private Placement
________________________________________________________________________________


Oriel Resources plc, ("Oriel", or the "Company") the London-based chrome and
nickel mining and processing company, announces the completion of a private
placement to raise #48,800,000 (approximately C$104 million).

80,000,000 ordinary shares at a price of 61p (approximately C$1.30) per share
have been issued to qualified investors in the United Kingdom, Canada and
certain other jurisdictions, under applicable regulations (the "Private
Placement").

Pursuant to the Private Placement, Eanermoon Limited, an existing shareholder of
the Company holding 56,300,292 ordinary shares (approximately 10.12 % of the
current issued share capital of the Company), has agreed to subscribe in cash
for an additional 56,000,000 ordinary shares. Immediately following completion
of the Private Placement, Eanermoon Limited will hold approximately 112,300,292
ordinary shares or 17.7% of the enlarged issued share capital of the Company.
Following completion of the Private Placement, the issued share capital of the
Company will be 636,211,821 ordinary shares.

Eanermoon Limited is a subsidiary of PPF Investments Limited, a Jersey holding
company of a private equity group established in 2005 which is connected with Mr
Petr Kellner. PPF Investments Limited and its subsidiaries manage two investment
companies which have investments in certain assets in China, Central and Eastern
Europe and Russia.

The Directors consider, having consulted with Canaccord Adams Limited, the
Company's nominated adviser, that the terms of the transaction with Eanermoon
Limited are fair and reasonable in so far as the Company's shareholders are
concerned.

The closing of the Private Placement will be conditional, inter alia, on
admission of the new ordinary shares to trading on the AIM market of the London
Stock Exchange ("AIM"). The Toronto Stock Exchange ("TSX") has conditionally
approved the listing of the new ordinary shares, subject to the Company
fulfilling all of the requirements of the TSX within two business days of
closing, and in any event, no later than 13 July 2007. It is expected that
dealings in the ordinary shares will commence on AIM at 8 a.m. (UK time) on
Monday 11 June 2007 and trading in the ordinary shares will commence on the TSX
following receipt by the TSX of all necessary documentation in connection with
the Private Placement, subject to applicable hold periods under Canadian
securities laws.

Dr Sergey V Kurzin, Executive Chairman of Oriel commented:

"The Company intends to use the net proceeds as general working capital and for
assessment, evaluation and engineering works for additional FeCr production and
further progressing of the Shevchenko project."

Canaccord Adams Limited has been appointed as its sole Agent and Bookrunner in
connection with the Private Placement.


ENDS
--------------------------------------------------------------------------------


Notes to Editors:

Oriel Resources was formed in July 2003 with Dr Sergey V. Kurzin as Executive
Chairman and CEO and is a London-based chrome and nickel mining and processing
company with its Ordinary Shares and Warrants admitted to trading on the
Alternative Investment Market (AIM) and its Ordinary Shares listed on the TSX
Stock Exchange.

Its primary focus is on the identification, acquisition, exploration and
development of advanced chrome, nickel, and other alloying opportunities in the
countries of the FSU, including The Republic of Kazakhstan and The Russian
Federation. The Oriel group currently has three projects, namely the Tikhvin
smelter project, Russia, the Voskhod chrome project and the Shevchenko nickel
project, both situated in north-western Kazakhstan. Following the results of
recent feasibility studies for the Russia and Kazakh-based projects and given
the current high demand for chrome and nickel products, the directors are
fast-tracking the Voskhod chrome and Tikhvin smelter projects into production
while further developing the Shevchenko nickel project.

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
--------------------------------------------------------------------------------

This announcement does not constitute an invitation to underwrite, subscribe for
or otherwise acquire or dispose of any ordinary shares of the Company (the
"Oriel Securities"). The distribution of this announcement and the offering or
sale of the Oriel Securities in certain jurisdictions may be restricted by law.

This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or subscribe for ordinary shares in the capital
of the Company in Australia, Canada, Japan, South Africa, the United States or
in any jurisdiction in which such offer or solicitation is unlawful and the
information contained herein is not for publication or distribution, directly or
indirectly, in or into Australia, Canada, Japan, South Africa, the United States
or any jurisdiction in which such publication or distribution is unlawful.

No action has been taken by the Company or Canaccord that would permit an
offering of such securities or possession or distribution of this announcement
or any other offering or publicity material relating to such securities in any
jurisdiction where action for that purpose is required. Persons into whose
possession this announcement comes are required by the Company and Canaccord to
inform themselves about and to observe any such restrictions.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States. This announcement is for information
only and does not constitute an offer or invitation to acquire or dispose of
Oriel Securities in the United States. The Oriel Securities have not been and
will not be registered under the U.S.Securities Act of 1933, as amended, (the
"Securities Act") and may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. There will be no public offer
of Oriel Securities in the United States, the United Kingdom or elsewhere.

Persons into whose possession this announcement comes are required by the
Company and Canaccord to inform themselves about and to observe any such
restrictions.

No representation or warranty, express or implied, is or will be made as to, or
in relation to, and no responsibility or liability is or will be accepted by
Canaccord or by any of its affiliates or agents as to or in relation to, the
accuracy or completeness of this announcement, or any other written or oral
information made available to or publicly available to any interested party or
its advisers and any liability therefore is hereby expressly disclaimed.

Canaccord, which is authorised and regulated by the FSA, is acting for Oriel in
connection with the Private Placement and no one else and will not be
responsible to anyone other than Oriel for providing the protections afforded to
clients of Canaccord nor for providing advice in relation to the Private
Placement.
--------------------------------------------------------------------------------


For further information please contact:

Dr Sergey V Kurzin, Executive Chairman, Oriel Resources plc
Tel: [phone]

Nick Clarke, Managing Director, Oriel Resources plc
Tel: [phone]

Gavin Dallas, Marketing and PR, Oriel Resources Plc
Tel: [phone]

Michael Padley / Michael Spriggs, Bankside Consultants
Tel: [phone]

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

Robin Birchall / Ryan Gaffney, Canaccord Adams Limited
Tel: [phone]

www.orielresources.com


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

END
LISBLGDLCBGGGRI