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DBL

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Share Name Share Symbol Market Type
TSXV:DBL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Darnley Bay Receives Land Use Permit and Initiates Exploration Program on Its Paulatuk Property

06/08/2013 9:18pm

Marketwired Canada


Darnley Bay Resources Limited (TSX VENTURE:DBL) (the "Company" or "Darnley Bay")
is pleased to announce the receipt of a land use permit from the Inuvialuit Land
Administration (the "Land Use Permit") which will allow the Company to perform
geological and geophysical surveys as well as rock sampling on the Company's
Paulatuk property (the "Property"). The Company received the Land Use Permit on
Aug 5th, 2013 and expects to commence its on field exploration work immediately.


The Company is pleased to have the expertise of EMpulse Geophysics Ltd.
("EMpulse") which is led by David Goldak, P.Eng to supervise and conduct the on
field exploration program. Empulse's proprietary SFERIC II instrumentation and
Adaptive Polarization Stacking algorithm are the result of many years of
research and development and the Company's intends to use EMpulse's new approach
of transient magneto-tellurics, which provides several advantages over
conventional auto-magneto-tellurics, including improved signal-to-noise. The
magneto-telluric surveys will hopefully better define drilling targets by
locating conductive material at a range of depths.


Magneto-tellurics is a geophysical method of imaging the earth's subsurface by
measuring natural variations of electrical and magnetic fields at the earth's
surface. In the 1990s, magneto-telluric was successfully used to locate mineral
deposits as deep at 1,750 metres in the Sudbury nickel camp. In the last 10
years, this technique has seen a number of improvements, particularly with the
development of modern 3-D inversion. It is now routinely used in the oil
industry to better define deep drilling targets. Past gravity and magnetic
surveys have outlined 22 targets on the Company's Property and the
magneto-telluric results are expected to assist the Company in prioritizing
these targets for an upcoming drill program. 


We are also excited to have the experience of Jacquelin Gauthier, P. Eng, P.Geo.
along with two other geologists to survey parts of the Property where the
probability of finding outcrops is greater, for example on cliffs, canyons and
rivers beds. The objective of the survey is to find alteration zones and
dikes/sills with indicators of mineralization at depth.


The Company would like to thank the Inuvialuit Regional Corporation ("IRC") and
Inuvialuit Land Administration for allowing the company to perform such work and
the Company would like to extend their gratitude to have such professional
partners. This program would also not be successful without the help of the
Paulatuk community.


The Company's Property hosts North America's, and possibly the worlds, strongest
isolated gravity anomaly, which has been favorably compared by the Geological
Survey of Canada ("GSC") with other prominent gravity anomalies such as those at
the prolific mining camps of Noril'sk in Russia and Sudbury Basin in Ontario. It
is located near Paulatuk, Northwest Territories, on the Arctic coast. The
Darnley Bay anomaly is larger and stronger than any of these comparatives by a
wide margin, measuring 100 kilometres long north to south and about 80
kilometres wide. The GSC discovered the anomaly in 1969 and its source has never
been explained. The Company has 100% control of its exploration and potential
development subject to certain back-in and other rights of the IRC, which holds
the land on which the anomaly occurs.


Qualified Person

Stephen Reford, B.A.Sc., P. Eng, is a "qualified person" for the purposes of
National Instrument 43-101 Standards of Disclosure for Mineral Properties and
the Company's Chief Technical Officer and Director. He has prepared or
supervised the preparation of the information contained in this news release.


Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that Darnley Bay expects are
forward-looking statements. Although Darnley Bay believes the expectations
expressed in such statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in the statements. There are
certain factors that could cause actual results to differ materially from those
in forward-looking statements. These include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on Darnley Bay, investors
should review registered filings at www.sedar.com.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Darnley Bay Resources Limited
Jamie Levy
President and CEO
(416) 862-7885
(416) 862-7889 (FAX)
jlevy@darnleybay.com


Darnley Bay Resources Limited
Greg O'Halloran
Investor Relations
(647) 385-2113
gohalloran@darnleybay.com
www.darnleybay.com

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