Avala Resources Announces Completion of Warrant Acceleration

Avala Resources Ltd. (TSX VENTURE:AVZ) (the "Company" or "Avala"). Further to
its news release of December 13, 2010, the Company is pleased to announce that
it has successfully completed the acceleration of its share purchase warrants
issued on July 30, 2010 (the "Warrants"). All 32,648,250 Warrants outstanding
were exercised at a price of $0.50 per Warrant, for gross proceeds of
$16,324,125. The Company is well-positioned to pursue its exploration and
development activities in Serbia.


As of January 17, 2011, the Company has 180,202,044 common shares issued and
outstanding.


About Avala Resources Ltd.: Avala is a recently-formed company focused on the
exploration and development of the Potoj Cuka sediment hosted gold project and
the Timok gold-copper project in Serbia. The common shares of Avala trade on the
TSX Venture Exchange under the symbol AVZ. Additional information about the
Company is available through regular filings and press releases on SEDAR and on
the Company's website at www.avalaresources.com.