Kirrin Resources Inc.: 2011 Exploration Results Advance Grevet REE Property

Kirrin Resources Inc. (TSX VENTURE:KYM) today announced that its technical
advisors have concluded their review of the results from Kirrin's extensive 2011
exploration program at the Grevet REE property in northwestern Quebec and have
made recommendations for advancing the project in 2012. 


Some 143 carbonatite and related lithological showings have been recognized to
date within the Grevet property. At least 50 of these showings have produced
rock samples with elevated REE (greater than (greater than ) 0.5% total rare
earth oxide, TREO(1)) in carbonatite, with 14 showings having greater than 1.0%
TREO, and 3 showings having rock samples with 12.24%, 19.6% and 20.4% TREO. In
general, more than 99% of the TREO are in the light rare earth elements,
especially lanthanum, cerium, promethium, neodymium and samarium.


The REE-bearing carbonatite dykes and dykelets clearly exist in many outcrops
throughout the property although it is noted that the vast majority of the
property is overburden covered. Therefore, because large carbonatite bodies
likely are intensely weathered and hence deeply recessive, more important
REE-bearing carbonatites may be more extensive on Grevet than evidenced by the
outcrop showings.


An example of a larger, deeply recessive carbonatite may possibly exist in the
southeastern part of the Grevet property, where there is an inferred carbonatite
body based on a 2011 gravity survey positive residual, a belt of geochemical
soil anomalies and a ground magnetic anomaly. As well, 1987 overburden drilling
at this locale found the overburden was about 100 m thick and was underlain by a
"highly weathered rusty limonitic rock", which description is very similar to
the rusty carbonatite dykes seen in outcrop within the Grevet property. This
locale is one of the probable drill targets that Kirrin intends to test in 2012.


Kirrin has received recommendations for advancing the Grevet REE project in
2012. These include a proposed 2012 work program comprising field work in the
overburden-covered areas to identify added drill targets, followed by drill
testing selected targets in a 15 hole program aggregating 2,500 m, with an
associated budget of $1.0 million.


Kirrin's 2011 exploration program focused on 15 REE targets identified in 2010
as well as systematic prospecting of additional areas not fully explored during
the 2010 program. This resulted in 14 additional REE-bearing carbonatites being
discovered during 2011. In total, 90 geochemical soil samples were collected
from the Ah (organic humus) soil horizon at 85 sites along five selected grid
lines that cross an inferred carbonatite body in the southeast of the property.
As well, 90 soil samples were collected from the same sites for mobile metal ion
(MMI) analysis, which analysis remains outstanding. 


Magnetometer surveying totalling 11.15 line-km and geological mapping were
completed over two areas showing high grade REE. In total, 92 rock samples,
mainly channel or chips, were collected at 38 carbonatite showings. At the
carbonatite zone which in 2010 produced a rock grab sample with 14.16% TREO, the
2011 re-sampling gave 20.41% TREO across 0.066 m. As well, a 2011 rock chip
sample from a nearby carbonatite dyke assayed 19.64% TREO across 0.07 m.


Kirrin also completed a gravity survey comprising 3.4 line kilometres, with
readings at 25-metre station intervals, across an overburden covered area that
may be underlain by a large carbonatite body. 


Kirrin is earning a 100% interest in the Grevet REE property by spending
$1,850,000 on exploration and making payments of $20,000 over four years. Kirrin
recently extended its land interests immediately to the north of the original
Grevet property and may earn a 100% interest in the Grevet Extension property by
spending $250,000 on exploration and making payments of $25,000 over four years.
As a result, the entire Grevet property now consists of 86 claims totalling
2,024 ha. 


Quality Control: The 2011 exploration was carried out by Discovery Consultants'
personnel under the supervision of William Gilmour B.Sc., P.Geo. and all samples
were delivered to Actlabs, Val d'Or, QC and Toronto, ON for preparation and
analysis. William Gilmour B.Sc., P.Geo. is the designated Qualified Person for
Kirrin and has reviewed the contents of this news release. 


Note 1: TREO = the sum of lanthanum (La2O3) to lutetium (Lu2O3) oxide analytical
results.


Private Placement Extended: Kirrin also announced that it is extending the
closing date of the Private Placement announced October 20, 2011 until December
4, 2011.


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.


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Forward-looking information: Except for statements of historical fact, all
statements in this news release including, without limitation, future plans and
objectives of the Company are forward-looking statements which involve risks and
uncertainties. Specifically, this news release contains forward-looking
statements concerning the review, interpretation and availability of technical
data as part of a continuing exploration program. There can be no assurance that
such statements will prove to be accurate; actual results and future events
could differ materially from those expressed or implied by such forward-looking
information and undue reliance should not be placed on it. The anticipated time
frame for data availability and the constituents of the planned programs assumes
the availability of personnel and equipment from third parties and that the
Company will continue to allocate sufficient priority to this work relative to
its finite cash resources for its overall exploration activity. In each case the
risk factors that could cause actual results to vary from results expressed or
implied by the forward-looking statements contained in this news release are
primarily events beyond Kirrin's control. These forward-looking statements are
made as of the date hereof and except as required by applicable securities
legislation, the Company undertakes no obligation to publically update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.