Bryn Resources Inc Finalizes the form of a Letter of Intent with holder of Mineralized claims in Quebec

TORONTO, Nov. 25  /PRNewswire-FirstCall/ -- Bryn Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) is pleased to announce that it has finalized the form of a Letter of Intent with Dominic Gingras the owner of 22 mining titles known as The Montauban 4 property, which cover 528.02 hectares North of Quebec City, Quebec.

The Letter of Intent will be signed today and will outline the terms pursuant to which Bryn Resources will acquire a 60% interest in the aforementioned mining titles.

It is the intention of Bryn Resources to carry out further exploratory investigations to complete the evaluation of the reserves in the property which investigation was started in 2003 by Mirabel Resources.

The initial investigations undertaken have revealed measured and indicated resources including 398,033 tonnes at a grade of 3.02 g/t Au and 27.72 g/t Ag for a total of 38,832 ounces of gold and 356,886 ounces of silver. Bryn Resources intends to complete further bulk sampling of the property so as to confirm the resources estimated.

Bryn Resources views this future acquisition as a forward looking business venture that will increase the shareholder value of its stock. Bryn Resources continues to seek other proven mineralized properties and expects to expand its holdings through future acquisitions.

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, products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from to time in the Company's periodic reports filed with the Securities and Exchange Commission. 

DATASOURCE: Bryn Resources



CONTACT:  Bryn Resources Inc, Paul Diana, [phone]

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