Kirrin Resources Announces $1,500,000 Private Placement

Kirrin Resources Inc. (TSX VENTURE:KYM) today announced that it is proceeding
with a non-brokered financing of up to 30,000,000 units ("Units") by way of
private placement at a purchase price of $0.05 per Unit for aggregate
consideration of up to $1,500,000 (the "Private Placement"). Each Unit will
consist of one common share in the share capital of Kirrin ("Common Share") and
one-half of one Common Share purchase warrant ("Warrant"). Each full Warrant
will be exercisable into one Common Share at a price of $0.10 per Common Share
for 18 months from the date of issuance subject to earlier expiry in certain
circumstances. The Private Placement is subject to all necessary regulatory
approvals, including the conditional approval of the TSX Venture Exchange (the
"Exchange").


The proceeds from the Private Placement will be used for exploration on Kirrin's
portfolio of rare earth elements and uranium properties and for general working
capital purposes. The Private Placement is being offered in various Canadian
provinces as well as other selected jurisdictions. It is expected to close on or
about November 23, 2010 or such other date agreed by Kirrin and approved by the
Exchange. The securities issued pursuant to the Private Placement shall be
subject to a four month hold period under applicable securities laws.


Kirrin may retain agents in connection with the sale of Units and such agents
may receive from Kirrin a cash fee of up to 8% of the gross proceeds of the
Private Placement that result from introductions by such agent.


It is anticipated that certain directors and officers of Kirrin may subscribe to
the Offering. Pursuant to the policies of the Exchange and Multilateral
Instrument 61-101 -- Protection of Minority Security Holders in Special
Transactions ("MI 61-101"), the Offering may be classified as a "related party
transaction". Kirrin anticipates that it will be able to rely upon exemptions
from the related party requirements of MI 61-101.


Kirrin also confirmed that, in connection with its acquisition of the additional
lands adjacent to its Grevet REE property (announced June 21, 2011), Kirrin
issued 166,667 common shares in satisfaction of its first payment obligation of
$10,000 of the total $25,000 due over the term under the option agreement.


Additional information relating to Kirrin is available on Kirrin's web site at
www.kirrinresources.com and on SEDAR at www.sedar.com. 


Kirrin is a Canadian green energy company that explores for rare earth elements
and uranium. In addition to its exploration activities, Kirrin seeks to enhance
its capitalization and the quality of its portfolio by utilising its
management's broad industry and international experience in the identification
of suitable rare earth elements and uranium companies and green energy assets
for acquisition, merger, strategic partnership or joint venture. Its strategy is
well defined: enhancing shareholder value by combining technical expertise,
corporate development skills and professional management. Kirrin's shares trade
on the TSX Venture Exchange under the symbol KYM.


To receive company news releases via e-mail, please advise [e-mail] and
specify "Kirrin News" in the subject line. 


Cautionary Statement

This news release contains "forward-looking statements" within the meaning of
applicable securities laws relating to certain future results and activities of
Kirrin, including the contemplated timing and completion of an equity financing.
Readers are cautioned to not place undue reliance on forward-looking statements.
Forward-looking statements are based on certain key assumptions made by Kirrin,
including assumptions related to the ability of Kirrin to complete the equity
financing in the anticipated timeframe or at all, the receipt of regulatory
approval and the availability of capital and other resources to carry out
planned exploration programs. Such forward looking statements are subject to
known and unknown risks, uncertainties and other factors which may cause actual
results and developments to differ materially from those contemplated by these
statements depending on, among other things, failure to complete the financing,
failure to obtain regulatory approval and insufficient funds or other resources
to carry out the planned exploration programs. The forward-looking statements in
this press release are made as of the date of this release and Kirrin undertakes
no obligation to update publicly or revise any forward looking statements
whether as a result of new information or otherwise, except as required by
applicable securities laws. Kirrin undertakes no obligation to comment on
analyses, expectations or statements made by third-parties in respect of Kirrin
or its financial or operating results or (as applicable) their securities.