Rule 2.10 Announcement - Replacement

LONDON--(BUSINESS WIRE)--

8867748v1/025254.000010 - LAYTONS

The issuer advises that the following replaces the Ortac Resources plc Rule 2.10 Announcement released at 15:39 BST on August 2nd 2010

On 2 August 2010 Ortac announced that it had in issue warrants to subscribe for 22,500 ordinary shares. Through a clerical error these were incorrectly stated as being exercisable at 20p per share but are in fact exercisable at 30p per share.

All other details remain unchanged.

The full corrected version is shown below.

Company   Ortac Resources plc     Headline Correction to Rule 2.10 Announcement     Released 27-August-2010

Ortac Resources plc

27 August 2010

Ortac Resources plc ('Ortac' or 'the Company')

Recommended offer for Ortac Resources Plc by Templar Minerals Limited to be implemented by a scheme of arrangement under Part 26 of the Companies Act 2006:

Correction to Rule 2.10 Announcement

In accordance with Rule 2.10 of the Code Ortac confirms that it has in issue 11,242,361 ordinary shares of 5 pence each. The securities of Ortac are not listed or traded on any investment exchange.

Ortac further announces that it has in issue warrants to subscribe for 22,500 ordinary shares, exercisable at 30p per share each. The warrants to subscribe are not listed or traded on any investment exchange.

**ENDS**

For further information please visit http://www.laytons.com/client-pages/ortac.asp

or contact:

Ortac Resources plc
Anthony Balme	Tel: [phone]

The Directors of Ortac Resources plc accept responsibility for this announcement. To the best of the knowledge and belief of the Directors of Ortac Resources plc (who have taken all reasonable care to ensure that such is the case), the information in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Ortac Resources plc, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the scheme of arrangement by Ortac Resources plc by the offeror becomes, effective, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Ortac Resources plc, they will be deemed to be a single person for the purpose of Rule 8.3 of the Code.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Ortac Resources plc by the offeror or Ortac Resources plc, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the website of The Panel on Takeovers and Mergers (the 'Panel'), www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8 of the Code, you should consult the Panel.

A copy of this announcement will be available subject to certain restrictions relating to persons resident in the United States, Canada, Australia, Japan or any other Restricted Jurisdiction, on the following website http://www.laytons.com/client-pages/ortac.asp from the date of this announcement.