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Discovery Metals Limited (DME)

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Friday 02 July, 2010

Discovery Metals Limited

Issue of Equity


2 July 2010

                            Discovery Metals Limited

                     Issue of Equity - Exercise of Options

Discovery Metals Limited ("the Company") announces that today it issued a total
of 1,215,525 new ordinary shares of no par value each in the Company, following
the exercise of options by option holders of the Company.

718,188 options were exercised at a price of AUD$0.26 per share and 497,337
options were exercised at a price of AUD$0.36 per shares.

The new ordinary shares will rank pari passu with existing ordinary shares in
the Company and application has been made for these new ordinary shares to be
admitted to trading on AIM, which is expected to occur on 6 July 2010.

As a consequence of the exercise of the share options detailed above, the
Company's issued capital now comprises 302,202,585 ordinary shares of no par


For further information contact:

Discovery Metals Limited
Brad Sampson
Managing Director
Tel: +617 3218 0200

Fairfax I.S. PLC
Ewan Leggat / Laura Littley
Tel: +44 (0)20 7598 5368

Conduit PR
Jos Simson/Emily Fenton
Tel: +44 (0) 20 7429 6603
Mobile: +44 (0)7899 870 450

Further information on the Company is available on its website:


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	(i) the releases contained herein are protected by copyright and other applicable laws; and 
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Source: Discovery Metals Limited via Thomson Reuters ONE