Sch 1 Update- Oriel Resources

RNS Number:5563M
AIM
20 May 2005


ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS 
DAYS PRIOR TO ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:

Oriel Resources Plc

COMPANY ADDRESS:

18 Upper Brook Street, London

COMPANY POSTCODE:

W1K 7PU

COUNTRY OF INCORPORATION:

England

COMPANY BUSINESS:

Mining and minerals exploration and development

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):

 13,250,000 warrants, exercise price of #0.75 or C$1.71 (at the discretion of the holder)

CAPITAL TO BE RAISED ON ADMISSION:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

          Executive Directors

          Dr Sergey Vladimirovich Kurzin                  (Executive Chairman)
          Nicholas Adrian Barcza                          (Managing Director)
          Nicholas Royston Clarke                         (Director of Mining)
          David John Swan                                 (Finance Director)
          Dr. Edward Max Baker                            (Director of Exploration, Chief Geologist)
          Non-Executive Directors

          Sebastian John Breden Taylor                    (Non-executive)
          The Lord Mackenzie of Framwellgate OBE          (Non-executive)
          Geoffrey Thomas Bush                            (Non-executive)
          Roger Thomas Richer                             (Non-executive)
          John Douglas Reynolds                           (Non-executive)

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:

Persons interested in 3% or more of the Issuers total share capital before Admission:

Name of shareholder                                            Number of shares     Percentage of issued
                                                                     held            share capital held

Morstan Nominees Limited                                          20,628,967               10.25%
HSBC Global Custody Nominee (UK) Limited                          19,332,803                9.61%
State Street Nominees Limited                                     15,363,612                7.64%
Credit Suisse First Boston Client Nominees Limited                12,403,325                6.16%
Littledown Nominees Limited                                       10,358,719                5.15%
Chase Nominees Limited                                            9,536,310                 4.74%
T. Hoare Nominees Limited                                         9,516,781                 4.73%
Pinnacle Trustees Limited                                         8,402,500                 4.18%
BNY (OCS) Nominees Limited                                        7,963,385                 3.96%
Stout Investments Limited                                         7,300,000                 3.63%
APG Finance Corporation S.A.                                      6,426,946                 3.19%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES.

None.

ANTICIPATED ACCOUNTING REFERENCE DATE:

31 December

EXPECTED ADMISSION DATE:

25 May 2005

NAME AND ADDRESS OF NOMINATED ADVISER:

Canaccord Capital (Europe) Limited

First Floor Brook House, 27 Upper Brook Street, London W1K 7QF

NAME AND ADDRESS OF BROKER:

Canaccord Capital (Europe) Limited

First Floor Brook House, 27 Upper Brook Street, London W1K 7QF

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT
THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES.

Full details of the applicant and the admission of its securities to AIM are contained in the admission document
which will be available free of charge to the public at the offices of Canaccord, First Floor, Brook House, 27 Upper
Brook Street, London, W1K 7QF.

DATE OF NOTIFICATION:

20 May 2005

NEW/ UPDATE (see note):

UPDATE


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