Issue of Shares
             



FOR IMMEDIATE RELEASE                               30 January 2008

                        NEPTUNE MINERALS PLC
                    ("Neptune" or the "Company")

                     ISSUE OF EQUITY AND OPTIONS

The Company announces it has issued 18,300 ordinary shares in the
Company following an exercise of warrants.  Following the issue of
shares, the Company has 66,064,113 ordinary shares in issue.
Application has been made for the new shares to be admitted to
trading on AIM and this is expected to take place on 5 February 2008.

In terms of certain employment contracts entered into with employees
the Company today issued the following options to staff:

+------------------------------------------------------------------+
| No of     | Exercise price per | First Exercise | Expiry         |
| Options   | ordinary share     | date           | date           |
|-----------+--------------------+----------------+----------------|
| 1,000,000 | 43 pence           | 12 August 2008 | 12 August 2012 |
+------------------------------------------------------------------+


As a consequence of the issue of options referred to above, the
Company now has the following options on issue:

+-----------------------------------------------------------------+
| No of      | Exercise price | First Exercise  | Expiry          |
| Options    | per ordinary   | date            | date            |
|            | share          |                 |                 |
|------------+----------------+-----------------+-----------------|
| 2,883,250  | 25 pence       | 10 October 2006 | 10 October 2010 |
|------------+----------------+-----------------+-----------------|
| 3,719,222  | 35 pence       | 17 October 2008 | 17 October 2012 |
|------------+----------------+-----------------+-----------------|
| 1,000,000  | 43 pence       | 12 August 2008  | 12 August 2012  |
+-----------------------------------------------------------------+


Total number of options on issue is 7,602,472.

                                 END


For further information please contact:

Simon McDonald (Neptune MD and CEO):          info@nepmins.com

Richard Hail (Fox Davies Capital Limited,     T: +44 (0) 207 936 5200
Broker):

Fiona Owen (Grant Thornton Corporate          T: +44 (0) 20 7383 5100
Finance, Nomad):

Rozanne Ichikowitz (Grant Thornton, Nomad)     T: +61 (0)2 8297 2522

Sofia Rehman (Cardew Group, PR):              T: +44 (0) 20 7930 0777



The Neptune Minerals Website is www.neptuneminerals.com

- ---END OF MESSAGE---
Neptune Minerals (LSE:NPM)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Neptune Minerals Charts.
Neptune Minerals (LSE:NPM)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Neptune Minerals Charts.