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Adulis Resources Inc (ADS)

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Monday 26 September, 2005

Adulis Resources Inc

Director Shareholding

Adulis Resources Inc.
26 September 2005


               Adulis Resources Inc. ('Adulis' or 'the Company')

                             Director Shareholding


Mr Stan Grad, a Director of the Company, has purchased a total of 1,166,400
ordinary shares in the Company. These shares were acquired between June and
August 2005 as follows:


June 1 - 7        535,200 shares at and average price of $1.17
June 10           126,000 shares at $1.03
June 22           5,200 shares at $1.12
August 30         500,000 shares at $1.55


Following this acquisition Mr.Grad has an interest in 2,166,400 ordinary shares,
representing approximately 3.3 per cent. of the issued share capital of the
Company.


                                                               26 September 2005




                      This information is provided by RNS
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