Excercise of Options

5 Oct 2006 07:00

Chaco Resources PLC05 October 2006 AIM: CHP 5 October 2006 CHACO RESOURCES PLC ("Chaco" or "the Company") Exercise of Options Chaco Resources Plc ('Chaco' or the 'Company') was today notified by Jon Pither,the Company's Non-executive Chairman, that he wishes to exercise his optionsover 1,000,000 ordinary shares in the Company. The exercise Price is 2.16 penceper share. Jon Pither will, following the exercise of these options, hold2,159,000 ordinary shares in the Company, representing 0.4 per cent of theCompany's issued share capital. The Company has also been notified today that another option holder wishes toexercise options over 300,000 ordinary shares at a price of 2.16 pence per share The Company has issued and alloted 1,300,000 new ordinary shares and has appliedfor them to be admitted to trading on AIM. The shares are expected to beadmitted on 10 October 2006. The Company will, following this listing, have andissued share capital of 535,434,554 ordinary shares." -Ends- For further information contact: Nicola Brookes, Finance DirectorChaco Resources plcTel: 01494 431195Website: www.chacoplc.com Marc YoungDaniel Stewart & Company plcTel: 020 7776 6550 Simon Robinson / Ana RibeiroParkgreen CommunicationsTel: 020 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange