TIDMAR.

RNS Number : 3039S

Archipelago Resources PLC

29 November 2012

29 November 2012

ARCHIPELAGO RESOURCES PLC

("Archipelago" or "the Company")

Exercise of Options

Archipelago has issued a total of 600,000 Ordinary Shares of 1 pence each ("Ordinary Shares") as a result of 600,000 options being exercised under the Company's 2002 Unapproved Executive Share Option Scheme at an exercise price of 25.85 pence per share.

The 600,000 options were exercised by Mr. Jeremy Ayre, a Director of the Company, under the Company's 2002 Unapproved Executive Share Option Scheme.

As a result of this share issue, the Company has in issue 575,332,635 Ordinary Shares, with voting rights and Mr. Ayre will hold a total of 1,100,000 Ordinary Shares in the Company which represents 0.19% of the Company's total voting rights.

Application has been made for these shares to be admitted to trading on AIM on 5 December 2012.

Further Info: Matthew Salthouse, VP Investor Relations & Corporate Affairs, Archipelago Resources plc.

                                   Tel:          65 6535 3419

Gerry Beaney / David Hignell, Grant Thornton Corporate Finance.

                                   Tel:          44 20 7383 5100

Rob Collins / Andrew Chubb, Canaccord Genuity Limited.

                                   Tel:          44 (0) 20 7523 8000

Michael Rawlinson / Christopher Kololian, Liberum Capital Limited.

                                   Tel:          44 (0) 20 3100 2000

Bobby Morse / James Strong, Buchanan.

                                   Tel:          44 20 7466 5000

www.archipelagoresources.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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