Directors' Dealing and Grant of Options (0116G)

TIDMNGL

RNS Number : 0116G

Norseman Gold PLC

05 May 2011

Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration

Norseman Gold Plc ('Norseman Gold' or 'the Company')

Directors' Dealing and Grant of Options

Norseman Gold, the AIM-listed and ASX-listed Australian gold production company was informed on 3 May 2011 that on 3 May 2011 Gary Steinepreis, Non-executive Director, through Ascent Capital Holdings Pty Ltd, acquired 1,000,000 ordinary shares at 16.5p per share. Mr. Steinepreis is now beneficially interested in 5,030,000 ordinary shares in the Company representing approximately 2.28 per cent. of the issued share capital of the Company.

The Company also announces that on 3 May 2011 it granted options to a number of employees over a total of 9,150,000 ordinary shares. The options are exercisable at 64.4p (AUD1.04) on or before 25 January 2016. As part of this grant of options, Barry Cahill, Chief Executive Officer, was granted options over 2,500,000 ordinary shares as approved at the General Meeting of the Company held on 28 April 2011.

**ENDS**

For further information visit www.norsemangoldplc.com or contact:

 
  Barry Cahill    Norseman Gold      Tel: +61 (0) 
                   Plc                8 9473 2200 
  --------------  -----------------  ------------- 
   Guy Wilkes      Ocean Equities     Tel: +44 
                   Ltd                (0)20 7786 
                                      4370 
  --------------  -----------------  ------------- 
   Nandita         Seymour Pierce     Tel: +44 
   Sahgal          Ltd                (0)20 7107 
                                      8000 
  --------------  -----------------  ------------- 
   Jeremy          Seymour Pierce     Tel: +44 
   Stephenson      Ltd                (0)20 7107 
                                      8000 
  --------------  -----------------  ------------- 
   Hugo de Salis   St Brides Media    Tel: +44 
                   & Finance Ltd      (0)20 7236 
                                      1177 
  --------------  -----------------  ------------- 
   Susie Geliher   St Brides Media    Tel: +44 
                   & Finance Ltd      (0)20 7236 
                                      1177 
  --------------  -----------------  ------------- 
   E-mail          investors@ngold. 
                   com.au 
  --------------  -----------------  -------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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