Grant Of Options

Independent Resources plc

("IRG" or "the Company")

GRANT OF OPTIONS

Independent Resources plc (IRG:L) announces that is has granted the following options to certain directors of the Company as follows:

All of the above options are exercisable at 43p per share and are subject to the following vesting criteria:

·; one third of the options vests if the average closing daily share price over the period 5 October 2011 to 4 October 2012 equals or exceeds 47.3p;

·; another third vests if the average closing daily share price over the period 5 October 2012 to 4 October 2013 equals or exceeds 52.03p; and

·; the final third vests if the average closing daily share price over the period 5 October 2013 to 4 October 2014 equals or exceeds 57.2p (one third of total shares).

These are the only outstanding options issued by the Company to the executive directors.