Bryn Resources Inc rescinds its agreement with DRLLC - 80 Million Shares to be cancelled

TORONTO, Dec. 4  /PRNewswire-FirstCall/ -- Bryn Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) announces today that it has notified Development Resources LLC, a limited liability company incorporated under the laws of the State of Utah, through its corporate solicitor that it will rescind the agreement entered into between itself and DRLLC on December 28th 2008. In furtherance of the aforesaid decision Bryn Resources will also cancel the 80 million shares issued which were scheduled to become free trading on January 15th 2010. Bryn Resources will continue to focus on properties with proven reserves and in that quest has targeted some new acquisitions the particulars of which will be released shortly. Bryn Resources wishes the best of luck to DRLLC in its exploration endeavours.

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:  Paul Diana, [phone]

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