Adamus Resources Limited - Issue of Shares and Grant of Options



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR IN THE
    UNITED STATES/

    PERTH, Western Australia, Nov. 6 /CNW/ - Issue of Shares and Grant of
Options Perth, Western Australia November 6, 2007 Adamus Resources Limited
("Adamus" or the "Company") (TSXV, ASX: ADU) is pleased to announce that it
has issued 600,000 ordinary shares at a price of A$0.70 per share ("Shares"),
pursuant to the conversion of options issued under the Company Employee Option
Plan.
    In accordance with the requirements of section 708A(5)(e) of the
Corporations Act 2001 (Commonwealth of Australia), under which this notice is
given, the Company confirms that:

    
    1.  the Company issued the Shares without disclosure to investors under
        Part 6D.2 of the Corporations Act;

    2.  as at the date of this notice:

        a)  the Company has complied with the provisions of Chapter 2M of the
            Corporations Act as they apply to the Company;
        b)  the Company has complied with section 674 of the Corporations
            Act; and
        c)  there is no information of the kind that would be required to be
            disclosed to the ASX under sub-section 713(5) of the Corporations
            Act if a prospectus were to be issued in reliance upon section
            713 of that Act in relation to an offer of the Company's
            securities.
    

    The Company also wishes to advise that it has granted 2,500,000 unlisted
options exercisable at A$0.65 each on or before October 31, 2010 ("New
Options"). The New Options were issued to directors, following shareholder
approval at the Annual General Meeting held on October 31, 2007, as an
incentive component of their remuneration package.
    Detailed information on all aspects of the Company's exploration
activities can be found on Adamus' comprehensive website
www.adamusresources.com.au.

    Kind regards
    ADAMUS RE

SOURCES LIMITED (Signed) Ian Cunningham -------------- COMPANY SECRETARY The TSXV does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this release.

For further information:

For further information: regarding this announcement please contact Ian
Cunningham, Company Secretary at +61 8 9322 5943.

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ADAMUS RESOURCES LIMITED

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