Statement re Grant of Share Options

9 Oct 2006 11:08

Bisichi Mining PLCGrant of share optionsThe Remuneration Committee of Bisichi Mining PLC at a meeting on 4 October 2006granted options under the Bisichi Mining PLC 2006 Share Option Scheme approvedat an EGM held on 29 June 2006.The details of the options granted on 4 October 2006 over 10p Ordinary Shareswhich will be exercisable over the period 4 October 2009 to 3 October 2016 are-Director/DMR Exercise price Amount paid New share Total number of options granted shares now 4 October 2006 under option A R Heller 237.5p Nil 275,000 588,000 T M Kearney 237.5p Nil 275,000 395,000 An employee 237.5p Nil 50,000 130,000 TOTAL 600,000 1,113,000 The exercise price is the mid market price at the close of business 3 October2006. Exercise of the new options granted is dependent on meeting theperformance criteria set out in the circular dated 30 May 2006.ENDBISICHI MINING