RNS Number:5219Z
Leyshon Resources Limited
03 July 2007





3 July 2007

                   Conversion of Managing Director's Options

Leyshon Resources Limited ("Leyshon") (AIM & ASX: LRL) is pleased to advise that
15 million options held by a company associated with Managing Director Paul
Atherley have been exercised at an average price of A$0.218 cents per share at a
cost of US$2.75 million.

Following the conversion, the Company has cash of US$18.3 million, no debt and
216 million ordinary shares and 4.4 million options on issue. Paul Atherley
(indirectly) holds 30.0 million shares or 13.6% of the fully diluted issued
capital.

Application will be made for the new ordinary shares to be admitted to trading
on AIM and dealings are expected to commence on 9 July 2007


For further information contact:

Leyshon Resources
Paul Atherley - Managing Director
Tel: +86 137 1800 1914
Mob: +61 417 475 038

Pelham Public Relations
Charles Vivian
Tel: +44 (0)207 743 6672
Mob: +44 (0)7977 297 903

Candice Sgroi
Tel: +44 (0)207 743 6376
Mob: +44 (0)7894 462 114

Seymour Pierce
Jonathan Wright
Tel: +44 (0)207 107 8050




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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