Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')

Issue of Share Options

Oriole Resources, the AIM-quoted exploration company operating in Africa and Europe, announces that the Company's remuneration committee, has granted options to the Company's Executive Director Exploration and Business Development, Claire Bay, and to Abdoul Mbodji, the Company's Exploration Manager for Cameroon, in recognition of the successful exploration programmes in Cameroon. 

Further Details                                                                                       

Options over 6,700,000 Ordinary Shares in the Company ('the Options') have been granted with an  exercise price of 0.32 pence, equal to the 14-day Volume Weighted Average Share Price as at close on 14 March 2022. The Options are not subject to performance conditions, will vest over a three-year period and will expire after 10 years. In aggregate this award of Options is equivalent to 0.34% of the current issued share capital of the Company.

Following the awards, the Company has 88,292,912 options and 208,385,020 warrants in issue, representing 4.4% and 10.5% of the issued Ordinary Share Capital respectively.

Following the award of these options, the interest in the Ordinary Share Capital of the Company held by Claire Bay is as follows:

Options were also issued to Abdoul Mbodji, the Company's Exploration Manager for Cameroon.

Further details on the grant are included in the notification below, made in accordance with the requirements of Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. 

** ENDS **

For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact: 

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. Year two commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

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