REG - Oriole Resources PLC - Issue of Share Options and Directors' Dealings

Oriole ResourcesAnnouncement

27/01/2026 07:00

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RNS Number : 4425Q  Oriole Resources PLC  27 January 2026

Oriole Resources PLC

("Oriole" or "the Company" or "the Group")

 

Issue of Share Options

 and

Notification of Directors' Dealings

 

Oriole Resources (AIM: ORR), the AIM-quoted exploration company focused on
Central and West Africa, provides details of share options issued to a Company
Director and to a senior member of the management team, and shadow share
options made to a selection of the Company's employees in Cameroon.

 

David Pelham, the Chairman of Oriole Resources' Remuneration Committee
said:

 

"Following the successful completion of the initial exploration drilling
programme over the Mbe gold project, which resulted in the announcement of a
maiden resource of 870,000 ounces ("oz") at 1.09g/t gold at the MB01-S
deposit, together with an exploration target of 370,000oz to 605,000oz of
contained gold at the MB01-N target, the Remuneration Committee is pleased to
award new share options to Claire Bay, Executive Director Exploration, and to
the Company's Exploration Manager for Cameroon, in recognition of this
achievement.

 

"We have also approved an award of shadow share options to our Cameroon
employees as recognition for their contribution to the Company's success thus
far, and to retain and incentivise the talent that we have as we continue to
develop our portfolio in Cameroon."

 

Issue of Share Options

 

The Company has granted options to one of the Company's Directors and to one
senior member of the management team for their exceptional work in achieving
the maiden Mineral Resource Estimate at the Company's Mbe project.

 

The quantum of the awards has been determined by the Remuneration Committee.

 

In aggregate, the Company will issue 12,000,000 options (the "Options") to
acquire ordinary shares of 0.1 pence each in the capital of the Company
("Ordinary Shares") at an exercise price of 0.35 pence per share, being the
closing mid-market price of the Company's Ordinary Shares as at close of
business on 26 January 2026. The issue of the Options will utilise the
Company's existing shareholder authority.

 

The Options will vest in the following tranches:

 

 Vesting Date    Number of options
 Immediately     4,000,000
 1 January 2027  4,000,000
 1 January 2028  4,000,000

 

The Options are not subject to performance conditions and will expire after
ten years.

 

The awards include 9,000,000 options in respect of awards to Directors as set
out below:

 

             Total Options issued  Total unexercised options following issuance of the Options  Total unexercised warrants  No. of Ordinary Shares held  Ordinary Shares held as a % of issued share capital
 Claire Bay  9,000,000             83,350,000                                                   1,666,667                   16,298,491                   0.34%

 

Additionally, an award of 6,000,000 shadow share options under the Company's
Cameroon employees' incentive scheme will be made in respect of those
employees, who have worked hard to deliver successful exploration results on
the Company's projects in Cameroon.

 

 

 

Further information on these dealings is included in the PDMR dealing
notifications below.

 

** ENDS **

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part
of UK law by virtue of the European Union (Withdrawal) Act 2018. The
information is disclosed in accordance with the Company's obligations under
Article 17 of the UK MAR. Upon the publication of this announcement, this
inside information is now considered to be in the public domain.

 

For further information please visit www.orioleresources.com
(http://www.orioleresources.com/) ,  @OrioleResources on Twitter,

or contact:

 

 Oriole Resources Plc                                  Tel: +44 (0)23 8065 1649
 Martin Rosser / Bob Smeeton / Claire Bay

 Strand Hanson Limited (Nomad & Broker)                Tel: +44 (0)20 7409 3494
 Christopher Raggett / James Spinney / Edward Foulkes

 IFC Advisory Ltd (Financial IR & PR)                  Tel: +44 (0)20 3934 6632
 Tim Metcalfe / Graham Herring / Florence Staton       oriole@investor-focus.co.uk

 

 

Notes to Editors:

 

Oriole Resources

 

Oriole Resources PLC is an AIM-quoted gold exploration company, with projects
in Central and West Africa.  It is focused on early-stage exploration in
Cameroon.

 

At its district scale Central Licence Package, the Company has identified
multi-kilometre long gold anomalies including at its flagship Mbe project.
 At Mbe, the Company has published a JORC Inferred MRE of 870,000oz at
1.09g/t Au for the MB01-S deposit, and an Exploration Target range of 15Mt to
20Mt at a grade of 0.77g/t to 0.94g/t Au for 370,000oz to 605,000oz contained
gold for the MB01-N target.  A fully funded maiden drilling programme
commenced in November 2025 at MB01-N with the aim of converting the existing
Exploration Target to a Resource.  BCM is nearing completion of US$4 million
in exploration expenditure at Mbe, which will see it earn a 50% interest.

 

The Company has also reported a Resource of 460,000oz contained gold at
2.06g/t Au in the JORC Indicated and Inferred categories at its 50% owned
Bibemi project, where it has applied for an exploitation licence.  In
November 2025, BCM completed its earn-in to give it a 50% interest in Bibemi
by meeting certain payment conditions including spending a further US$4
million on exploration.

 

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl
('AGEM'), a wholly owned subsidiary of Managem Group, has completed a six-year
earn-in to acquire an approximate 59% beneficial interest in the Senala
Exploration Licence by spending US$5.8 million.  The Company has reported a
Resource of 155,000oz contained gold at 1.26g/t Au in the JORC Inferred
category for the Faré South prospect, and an additional, complementary
Exploration Target range of 17Mt to 24Mt at a grade of 0.69g/t to 0.84g/t Au
for 380,000oz to 650,000oz contained gold for all prospects at Senala.  Best
results to date include 20.00m grading 31.13 g/t Au including 10.00m grading
60.98 g/t Au from RC drilling and 59.60m grading 2.20 g/t Au from diamond
drilling.  Discussions on the formation of a joint venture company are
currently underway.

 

The Company also has several interests and royalties in companies operating in
East Africa and Turkey that could give future cash payments.

 

 

Annex

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Claire Bay

 2    Reason for the notification

 a)   Position/status                                              Executive Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Oriole Resources PLC

 b)   LEI                                                          213800X32GJR5AGAR511

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 0.1 pence each in the capital of the Company

      Identification code                                          Ordinary share ISIN: GB00B0T29327

 b)   Nature of the transaction                                    Issue of Options

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         0.35                  9,000,000

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      26 January 2026

 f)   Place of the transaction                                     Outside a trading venue

 

 

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