On December 17, 2015, Wentworth Resources Limited ("Wentworth") issued 2,000,000 share options to certain of the company's officers and employees, each giving the right to subscribe for one common share of no par value in Wentworth. The share options have a strike price of NOK 3.85 and may be exercised as 1/3 of the Options per year for 3 years starting on the anniversary date of the grant and expire 10 years from the date of grant.
Primary insiders of the Company have received the following options on the above terms:
| Name | Position | New Options Granted | Shares held | Total Options following new Options Granted |
| Robert McBean | Executive Chairman | 500,000 | 9,105,385 | 1,900,000 |
| Geoffrey Bury | Managing Director | 500,000 | 300,000 | 1,900,000 |
| Lance Mierendorf | Chief Financial Officer | 500,000 | 50,000 | 1,300,000 |
| Richard Tainton | Vice President International | 150,000 | 40 | 700,000 |
| Gerold Fong | Vice President Exploration | 150,000 | - | 700,000 |
| Katherine Roe | Head of Investor Relations & Corporate Communication | 100,000 | - | 300,000 |
| Heather Jones | Corporate Secretary and Manager of Treasury & Compliance | 100,000 | 18,711 | 450,000 |
| 2,000,000 |
| Enquiries: | ||
| Wentworth | Geoffrey Bury, Managing Director | gpb@wentworthresources.com +1 403 993 4450 |
| Lance Mierendorf, Chief Financial Officer | lance.mierendorf@wentworthresources.com +1 403 680 8773 | |
| Katherine Roe Head of Investor Relations & Corporate Communications | katherine.roe@wentworthresources.com +44 7841 087 230 | |
| Swedbank First Securities | Broker(Norway) | +47 23 23 80 00 |
| Ove Gusevik | ||
| Jarand Lønne | ||
| Crux Advisors | Investor Relations Adviser (Norway) | +47 909 808 48 |
| Jan Petter Stiff | ||
| Carl Bachke | ||
| Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Broker (UK) | +44 (0) 20 7710 7600 |
| Callum Stewart | ||
| Ashton Clanfield | ||
| FirstEnergy Capital | Broker (UK) | +44 (0) 20 7448 0200 |
| Hugh Sanderson | ||
| FTI Consulting | Investor Relations Adviser (UK) | + 44 (0) 20 3727 1000 |
| Edward Westropp Tom Hufton | ||
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.