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    Archipelago Resource - Exercise of Options

    AFX CNF – Thu, Apr 19, 2012 08:00 BST

    

    19 April 2012

    ARCHIPELAGO RESOURCES PLC

    ("Archipelago" or "the Company")

    Exercise of Options

    Archipelago has issued a total of 45,000 Ordinary Shares of 1 pence each ("Ordinary Shares") as a result of 45,000 options being exercised under the Company's 2002 Unapproved Executive Share Option Scheme at an exercise price of 38.5 pence per share.

    Application has been made for these shares to be admitted to trading on AIM on 25 April 2012.

    As a result of this share issue, the Company has in issue 573,812,635 Ordinary Shares, with voting rights.

    Further Info: Marcus Engelbrecht, Managing Director, Archipelago Resources Plc.

    Tel: 65 6535 3419

    Gerry Beaney / David Hignell, Grant Thornton Corporate Finance.

    Tel: 44 20 7383 5100

    Klara Kaczmarek, Ambrian Partners Ltd.

    Tel: 44 20 7634 4700

    Bobby Morse / James Strong, Buchanan.

    Tel: 44 20 7466 5000

    www.archipelagoresources.co.uk

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