November 2010 The Companies Announcements Office ASX Limited...

November 2010
The Companies Announcements Office
ASX Limited

Option (Choice) in respect of the Possible Acquisition of Caledon Resources plc

Ord River Resources Limited (ASX: ORD) is pleased to note that it has been
announced today that agreement in principle has been reached by the directors of Guangdong Rising (Australia) Pty Ltd (Bidco), a wholly owned indirect subsidiary of Guangdong Rising Assets Management Co., Ltd GRAM and Caledon regarding a Possible Acquisition of Caledon.

Caledon (AIM: CDN; ASX: CCD) is a dual listed coking coal miner with assets in Queensland.

As noted in that announcement, ORD has entered into a legally binding option
agreement with GRAM, under which, if the Acquisition proceeds and completes, ORD has the right, but not the obligation, (ie choice) to purchase an interest of between 5 and 10 per cent in Caledon at the price paid by GRAM at the time of the completion of the Possible Acquisition. ORD has no obligation or responsibility to contribute capital to Caledon or carry out any work for Caledon post acquisition.

The way I interpret this is to substitute the word "Choice" for "Option" in the header.IMO that is what was intended.