XLD Xceldiam

RNS Number:1026J
Xceldiam Limited
18 September 2006





Xceldiam Limited Regulatory News Announcement

Grant of Share Options

RNS Number:
Xceldiam Limited
18 September 2006




Xceldiam Limited ('Xceldiam' or 'the Company'), the AIM-quoted diamond
exploration group, announces that the Company's Remuneration Committee today
resolved to grant the following share options in respect of ordinary shares of
US$0.0006 each in the Company ("Ordinary Shares"):

                                                                  Total
                                                               Options Post
                                                  Allotment     allotment

Chairman /Chief Executive Officer   Timothy George  400,000   (1,100 000)
Technical Director                  Richard Rice    250,000     (650,000)
Finance Director                    Robert Kaplan   250,000     (950,000)
Non-Executive Director              Michael Nunn    125,000     (125,000)
Non-Executive Director              Tobin Prior     125,000     (125,000)
Non-Executive Director              Mark Summers    125,000     (125,000)


Due to the reporting requirements of AIM and the lengthy confidential
negotiations surrounding the Petra agreement as announced on 30 May 2006, the
Company has been in a close period for all of this year and has therefore been
unable to grant options to directors at the time it would ordinarily have done
so.

With the bedding down of the Alluvial and Kimberlite programmes on Projecto
Luangue and the positive progress made to date; the Remuneration Committee has
deemed it appropriate to continue to incentivise senior management on the
project so as to ensure the retention of key staff.

The Remuneration Committee has resolved that the exercise price for these
options be the weighted average of the prices at which the Ordinary Shares were
traded on AIM during the one week period up to and including the offer date,
being the 18th of September 2006. This valuation is as stipulated in the
Xceldiam Share Option scheme.


The options are to be allotted at 33 pence per share and will be exercisable,
pursuant to the terms of the share option scheme, in the following manner:


-          20% 1 year from the allotment date
-          30% 2 years from the allotment date
-          50% 3 years from the allotment date


The Company released its interim results to 30 June 2006 on 15 September 2006

- Ends -


For further information, please contact:


Leesa Peters    Conduit PR
                +44 20 7429 6666 / +44 20 7429 6600



David Youngman  WH Ireland Limited
                +44 161 832 2174




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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