BRYN Resources Enters into an LOI in the 'Long Canyon Gold Trend' Area

TORONTO, April 16  /PRNewswire-FirstCall/ -- BRYN Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) is pleased to announce the company has recently entered into a Letter Of Intent (LOI) with the company's JV exploration company associates. The agreement is to acquire a 50% undivided interest in a number of additional BLM mineral lease gold claims located in the NE area of the newly discovered 'Long Canyon Gold Trend' in east central Nevada and continues to be part of Bryn Resources' strategy to become a top tier resource company through acquisitions and development of highly potential properties in Nevada and other strategic areas.

These claims are located adjacent to a major gold mining corporation's holdings on which drilling operation are presently ongoing. Two additional mining company's have holdings adjacent to these claims specified in the LOI. These two companies have recently released their 2007, 2008 drill results with exceptional gold values. A recent 'First Resource Gold Estimate' from this drill data was recently released by these companies.

These companies have also announced a continued aggressive drill program for the summer of 2009 in excess of $15,000,000 dollars to further prove up these reserves as well as define potential further gold deposits as the extensions of these drill targets remain open to the NE and SW in this whole 'Long Canyon Gold Trend' area.

In the event an agreement is reached between the parties for this new acquisition proposal in the LOI, BRYN will increase their interest holdings substantially in this newly discovered Carlin Type Gold Trend area of Nevada.

BRYN Resources Inc (BRYN) is focused primarily on exploration and development of mineral resources. The company is also proceeding to acquire additional claims with the JV exploration partner in this high value gold target area on a continuing basis.

For more information on Bryn Resources Inc, please visit http://www.brynresources.com/

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. 

DATASOURCE: Bryn Resources



CONTACT:  Paul Diana, [phone]; Investor Relations: Xtreme

Picks.com, http://www.xtremepicks.com/, 

Copyright