Corcel PLC has announced that Extractions Premium & Mining Ltd. (EXT) has entered into a Put Option Agreement with Richard Jennings (RJ) and has canceled the Call Option Agreement previously announced. Under this agreement, RJ has the right to sell up to 99,000,000 ordinary shares of the Company to EXT at a price of 0.0075 per share, representing a 142% premium to the most recent closing price of the Company's shares. This transaction represents 4.87% of the ordinary shares currently in issue. For further information, interested parties can contact Antoine Karam, Corcel Plc Executive Chairman.