Bryn Resources Announces Additional Mining Claims and Surface Sampling

2009-01-13 12:12 ET - News Release

Pink Sheets: BRYN

TORONTO, Jan. 13 /PRNewswire/ - Bryn Resources announces the company has acquired a 50% undivided interest in an additional 30 twenty acre BLM mineral lease claims called the Golden Eagle # 1 - # 30 Claims by the companies agreement with the JV exploration partner. These claims comprising 600 acres are located approximately 8 miles to the SW of the Ace and Ore Claims previously acquired by the company.

The Golden Eagle Claims adjoin the properties now being drilled by Agnico-Eagle USA (AEM), in joint venture with AuEx Ventures Inc. (AUXVF) on the West Pequop Mountain Project in east central Nevada.

An announcement on 11 core holes recently completed by Agnico shows values in one hole of 61.7 feet (18.8 meters) at 0.255 ounces per ton (8.726 grams per tonne), including 42 feet (12.8 meters) at 0.358 ounces per ton (12.28 grams per tonne) from a depth in-hole of 230 feet (70.1 meters). Another hole showed values of 24 feet (7.3 meters) at 0.406 ounces per ton (13.936 grams per tonne), including 15.7 feet (4.8 meters) at 0.545 ounces per ton (18.677 grams per tonne) from a depth in-hole of 121 feet (36.9 meters).

Other values ranged from .014 ounce per ton to .406 ounces per ton with Agnico continuing to drill and discover other gold target sites in this exciting new gold discovery area of the Pequop Mountain range. The full drill results and details of the area can be found on the AuEx Ventures Inc. web site.

BRYN Resources believe these Golden Eagle Claims adjoining the AuEx /Agnico - Eagle property in the heart of this new Carlin Type gold discovery area of Nevada hold great potential for exploration and discovery of gold deposits on these properties.

BRYN Resources is now arranging for the necessary capital to provide for the expenditures of surface sampling, assay work, IP work and further exploration requirements to define potential drill targets on the 1440 acres of the Golden Eagle, Ace and Ore Claims this summer.

The company will also proceed to acquire additional claims with the JV exploration partner in this high value gold target area on a continuing basis.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

Bryn Resources