Issue of Incentive Options

LONDON--()--

Kryso Resources plc

(`Kryso' or `the Company')

AIM: KYS

Issue of Incentive Options

Kryso Resources plc announces that its Remuneration Committee has awarded a total of 3,400,000 options to the recently appointed directors and senior employees of the Company to purchase new ordinary shares of 1 pence each at an exercise price of 16.25 pence per share.

The options are granted as follows:

(A) Directors options

Mr Luo Tao: 600,000

Mr Weili Tang (David): 600,000

Mr Li Li (Leonard): 600,000

(B) Employee options

Total employee options: 1,600,000

The options have been awarded as at 8 July 2011 and have been issued to incentivise and retain key management and directors of the Company.

The options have been granted in accordance with the rules of the Kryso Resources plc Unapproved Share Option Scheme, and may be exercised after twelve months, and expire after four years.

The Directors' total holding of options are now as follows:

      Exercise Price       Options    
Luo Tao 16.25p 600,000
Weili Tang (David) 16.25p 600,000
Li Li (Leonard) 16.25p 600,000
Craig Brown 10p 800,000
Abuali Ismatov 10p 800,000

For further information please visit the Company’s website (www.kryso.com) or contact:

Kryso Resources PLC    
Dr Trevor Davenport/Craig Brown Tel: +44 (0)20 7371 0600
Anthony Schindler, Investor Relations     Mobile: 07710 178 928
Evolution Securities
Jeremy Ellis/Romil Patel     Tel:+44 (0)20 7071 4300
Optiva Securities Limited
Christian Dennis/Jeremy King     Tel: +44 (0)20 3137 1902
Walbrook PR
Bob Huxford Tel: +44 (0)20 7933 8780
Mobile: 07900 346 978
 
Paul Cornelius Tel: +44 (0)20 7933 8794
      Mobile: 07827 879 460

About the Pakrut Gold Project

The Pakrut gold project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112 km northeast of the capital city Dushanbe.

Pakrut has an estimated total Mineral Resource of 3,578,000 oz Au (assuming a cut-off grade of 0.0g/t Au) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and western China, and which hosts a number of multi-million ounce gold deposits.

Drilling at Pakrut has previously returned numerous encouraging intersections, including the following results released in March 2011:

  • Ore Zone 1: 21m (*TW-15.3m) at 7.28 g/t, 24m (TW-17.98m) at 5.39 g/t and 16.5m (TW-12.36m) at 5.57 g/t Au
  • Ore Zone 2: 30m (TW-22.62m) at 4.37 g/t and 42.9m (TW-32.89m)at 2.57 g/t Au
  • Ore Zone 3: 16.5m (TW-13.28m) at 4.48 g/t and 6m (TW-4.92m) at 6.58 g/t Au
  • Ore Zone 6: 4.5m (TW-3.44m) at 18.2 g/t

*TW – True width / true thickness of ore zone

About Tajikistan

Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States (CIS) and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso’s management team has extensive experience in the mining industry in Tajikistan.

Category Code: MSC
Sequence Number: 280569
Time of Receipt (offset from UTC): 20110708T112922+0100

Contacts

Kryso Resources

Contacts

Kryso Resources