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Triton Minerals Managing Director Exercises Options

Triton Minerals (ASX:TON) managing director Brad Boyle has increased his interest in the company by 100,000 shares through the exercise of 100,000 unlisted options at $0.10 each.

Shares in TON are currently trading at $0.36.

He paid $10,000 to exercise options which expire on 18th June 2015.

Boyle now has a direct interest in 5,513,038 shares. He also has a further 300,000 unlisted options exercisable at $0.10 expiring on 18th June 2015 as well as 3 million performance rights that expire on 20th August 2018 with conversion subject to milestones.

Earlier this week, non-executive chairman Alan Jenks and executive technical director Alfred Gillman exercised a total of 2,565,000 unlisted options worth a total of $256,500.

Triton recently noted that Mozambique graphite concentrate is not only suitable for use in a diverse range of graphite products, it is also capable of being expanded up to 1,000 times.

Market research by Independent Metallurgical Operations has confirmed that demand in the Battery Market continues to grow, as new methods and technology is applied to create more efficient batteries for the energy storage systems and electric vehicles.

Separately, testing has confirmed that unprocessed graphitic rock from Triton's project can be expanded up to 1,000 times.

Expanded graphite has unique physical and thermal properties and is readily converted into a number of high value graphite products.

Subject to quality the expanded graphite sells for up to US$3,500 per tonne.

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