Issue of Share Options

Alecto Energy plc / EPIC: ALO / Market: AIM / Sector: General Financial

27 April 2011

Alecto Energy plc ('Alecto' or the 'Company')

Issue of share options

Alecto, the AIM listed resource company, announces that on Tuesday 26 April 2011 the Remuneration Committee approved the grant of 14,300,000 share options to the directors and employees of the Company as follows:

Damian Conboy, executive director:

i) 2,900,000 share options at a price of 4.3p per new ordinary share exercisable from 01 January 2012 until expiry on 31 December 2016, with the rights to these options vesting on 27 April 2011

ii) 1,900,000 share options at a price of 4.8p per new ordinary share exercisable from 01 January 2013 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2012; and

iii) 700,000 share options at a price of 6.3p per new ordinary share exercisable from 01 January 2014 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2013.

Malcolm James, non-executive chairman:

i) 1,400,000 share options at a price of 4.3p per new ordinary share exercisable from 01 January 2012 until expiry on 31 December 2016, with the rights to these options vesting on 27 April 2011

ii) 700,000 share options at a price of 4.8p per new ordinary share exercisable from 01 January 2013 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2012; and

iii) 500,000 share options at a price of 6.3p per new ordinary share exercisable from 01 January 2014 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2013.

Toby Howell, non-executive director:

i) 1,250,000 share options at a price of 4.3p per new ordinary share exercisable from 01 January 2012 until expiry on 31 December 2016, with the rights to these options vesting on 27 April 2011

ii) 650,000 share options at a price of 4.8p per new ordinary share exercisable from 01 January 2013 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2012; and

iii) 400,000 share options at a price of 6.3p per new ordinary share exercisable from 01 January 2014 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2013.

Gregory Kuenzel, Company Secretary:

i) 1,400,000 share options at a price of 4.3p per new ordinary share exercisable from 01 January 2012 until expiry on 31 December 2016, with the rights to these options vesting on 27 April 2011

ii) 1,000,000 share options at a price of 4.8p per new ordinary share exercisable from 01 January 2013 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2012; and

iii) 500,000 share options at a price of 6.3p per new ordinary share exercisable from 01 January 2014 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2013.

Employees and Consultants:

i) 600,000 share options at a price of 4.3p per new ordinary share exercisable from 01 January 2012 until expiry on 31 December 2016, with the rights to these options vesting on 27 April 2011

ii) 250,000 share options at a price of 4.8p per new ordinary share exercisable from 01 January 2013 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2012; and

iii) 150,000 share options at a price of 6.3p per new ordinary share exercisable from 01 January 2014 until expiry on 31 December 2016, with the rights to these options vesting on 01 January 2013.

**ENDS**

For further information, please visit www.alectoenergy.com or contact: