Exercise of Options

9 Sep 2005 16:48

9 September 2005 EXERCISE OF OPTIONS Nelson Resources Limited (the "Company") received notification on September 7,2005 that Nick Zana, Chairman and Chief Executive Officer, exercised 50,000options in the Company's common shares of USD$0.01 ("Common Shares") at anexercise price of Cdn$0.67 and subsequently sold the shares at a price ofCdn$2.80 on September 6, 2005.The Company also received notification on September 8, 2005 that Mr. Zanaexercised a further 24,600 options in the Company's Common Shares at the sameexercise price and subsequently sold the the shares at a price of Cdn$2.80 onSeptember 8, 2005.Following these transactions, Mr. Zana's interest in the Company totals19,655,941 remaining options amounting to 2.2 per cent. of the issued sharescapital of the Company.For further information, please contact:----------------------------------------Fred Hodder, Nelson Resources Limited Tel: 020 7495 8908 fhodder@nelsonresources.co.ukENDNELSON RESOURCES LIMITED