Statement re Grant of Share Options

Bisichi Mining PLC


Grant of share options

The Remuneration Committee of Bisichi Mining PLC at a meeting on 4 October 2006
granted options under the Bisichi Mining PLC 2006 Share Option Scheme approved
at an EGM held on 29 June 2006.

The details of the options granted on 4 October 2006 over 10p Ordinary Shares
which will be exercisable over the period 4 October 2009 to 3 October 2016 are-

Director/DMR   Exercise price  Amount paid    New share       Total number of
                                              options granted shares now     
                                              4 October 2006  under option   
                                                                             
A R Heller     237.5p          Nil            275,000            588,000        
                                                                             
T M Kearney    237.5p          Nil            275,000            395,000        
                                                                             
An employee    237.5p          Nil             50,000            130,000        
                                                                             
TOTAL                                         600,000          1,113,000      

The exercise price is the mid market price at the close of business 3 October
2006. Exercise of the new options granted is dependent on meeting the
performance criteria set out in the circular dated 30 May 2006.