Avala Resources to Transfer Licences in Serbia

Avala Resources Ltd. (TSX VENTURE:AVZ) (the "Company" or "Avala") announces that
it has entered into an agreement to transfer to Queensland Minerals Ltd.
("Queensland") a group of mineral licences located in Serbia in consideration
for a 2% NSR royalty and reimbursement of the costs spent by the Company on the
licences, which amount to $495,000. 


The group of licences is comprised of four near contiguous exploration licences
known as the Lisa, Kotraza, Kraverica and Dubac licences covering an area of 320
km(2) in central-southern Serbia. Exploration activities conducted on the
project consisted mainly of high density stream sediment sampling, soil samples,
rock chip samples and channel sampling. No drilling has been conducted on the
project in recent times. 


The closing of the transaction between the Company and Queensland is subject to
certain conditions including the approval of the TSXV as the Company and
Queensland have common directors and officers. 


This press release contains forward-looking information. In particular, this
press release contains statements concerning the completion of the transaction
between the Company and Queensland. Forward-looking information is subject to
known and unknown risks and uncertainties, and depends on assumptions and other
factors, all of which may cause actual results or events to differ materially
from those anticipated in such forward-looking information. The Company
undertakes no obligations to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.


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.