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ARCHIPELAGO RESOURCES PLC

EXERCISE OF OPTIONS

Archipelago Resources Plc ('Archipelago' or 'the Company') is pleased to announce that further to the announcement made on 10th August 2009, the 85,000,000 share options purchased by the prominent Indonesian company PT Rajawali Corpora ('Rajawali'), have now been exercised at the price of 12 pence per share. 

Following exercise of the Options the Company will have 391,019,334 shares in issue of which Rajawali will hold 117,305,800 representing 30% of the issued capital of the Company. 

The Company has applied for the 85,000,000 shares to be admitted to trading on AIM and admission is expected on 20th August 2009.

Further Info:    Colin Loosemore, Managing Director, Archipelago Resources Plc.

                          Tel:    00-618-9364-8301

 

                          Richard Chase, Ambrian Partners Ltd

                          Tel:    020-7776-6461

 

                         Ron Marshman / John Greenhalgh, Lothbury Financial

                          Tel:    020-7011-9411

 

                         Gerry Beaney / Fiona Kindness, Grant Thornton UK LLP

                         Tel:     020 7383 5100

 

www.archipelagoresources.com.au

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