SRX.L Regulatory News (SRX)

25 Feb 2008 07:01

Titanium Resources Group Ltd25 February 2008 For immediate release Stock Exchange Announcement Titanium Resources Group Grant of Share Options 25 February, 2008: The Board of Titanium Resources Group Ltd ("TRG" or "theCompany") announces that on 13 February 2008 it granted options over 1,450,000common shares to all of the directors and 7 employees of the Company. These options were granted pursuant to the Company's share option scheme, andare exercisable at 75.5p. One third will vest immediately, one third will veston the first anniversary of the date of the grant and the remaining third willvest on the second anniversary of the date of grant. The options granted to the directors were as follows: Options Granted Total Options held Post Grant Sir Sam Jonah 150,000 324,999Mr. Len Comerford 125,000 875,000Mr. Walter Kansteiner 125,000 524,999Mr. Wayne Malouf 125,000 1,625,000Mr. Raju Jaddoo 125,000 425,000Mr. Rod Baker 125,000 299,999 Including these options, the total number of outstanding vested and unvestedoptions as of 13 February 2008 is 12,295,441. -End- For further information: Len Comerford / Walter KansteinerTitanium Resources GroupTelephone: +44 20 7321 0000 Michael Oke / Andy MillsAura FinancialTelephone: +44 20 7321 0000 Nominated AdviserDavid NabarroNabarro Wells & Co. LimitedTelephone: +44 20 7710 7400 This information is provided by RNS The company news service from the London Stock Exchange