Kirrin and Ucore Agree Revised Terms at Bottom Brook REE Project

Kirrin Resources Inc. (TSX VENTURE:KYM) is pleased to announce that agreement
has been reached with Ucore Rare Metals Inc. (TSX VENTURE:UCU) on revised terms
for Kirrin's acquisition of an interest in the Bottom Brook Rare Earth Element
(REE) property in Western Newfoundland. The agreement aligns Kirrin's
expenditure obligations with the proposed prospecting and drilling programs to
advance exploration which has already defined a substantial Heavy REO component
to mineralization on the property. 


The Bottom Brook property hosts a number of excellent REE targets characterized
by high grade samples associated with discrete isolated magnetic high anomalies.
One of these targets was drill tested in 2007 and 2008 and resulted in a number
of drill intersections including 4.47% TREO over 5.64 meters with a HREO to TREO
ratio of 9.2%. Another drill intersection of note was a 0.3 meter intersection
assaying 15.71% TREO, which had a HREO/TREO of 7.8%. Individual oxides from this
0.3 meter sample included 3.87% La2O3, 7.42% Ce2O3, 2.10% Nd2O3 and 0.67% Y2O3.
Subsequent to the drilling a prospecting program was carried out, in 2009,
focusing on other isolated magnetic anomalies. High grade mineralization was
found to be associated with two of these targets and sampling was limited on
another three targets due to overburden cover. Values of 1.69% and 6.8% TREO
were obtained from Bottom Brook B anomaly and values between 0.89% and 10.04%
TREO were obtained from Bottom Brook C. The HREO to TREO ratios of these samples
are between 8.76% and 15.95% (Kirrin news release February 8, 2010). Work to
date indicates that the REE mineralization is occurring within a cluster of
isolated magnetic anomalies in the 0.5 km to 2.0 km size range and sampling in
proximity to the magnetic targets has shown good indications of high grade TREO
with a substantial Heavy REE component. 


A recently completed re-evaluation of the airborne data and the prospect
sampling data base has defined a total of nine target areas for follow-up
including those described above. Additional compilation of the previous
analytical results from the drilling and prospecting has defined a substantial
Heavy REO component to the Bottom Brook mineralization which consistently gives
a HREO/TREO of between 8% and 15%. The proposed REE exploration program
comprises one or more of detailed prospecting, rock sampling, geological
mapping, a soil geochemical survey, and a ground based magnetics survey followed
by magnetic data modelling and trenching. Dependent upon results, a drill
program will follow.


Kirrin may earn a 50% interest in the Bottom Brook property by spending
$2,045,000 on exploration by December 31, 2014 and making share payments to
Ucore of 300,000 Kirrin shares. Kirrin is in good standing on the option
agreement having expended approximately $960,000 on exploration and issued
150,000 Kirrin shares. Upon Kirrin fulfilling its earn-in obligations, the
parties will form a 50: 50 joint venture, with each partner contributing its pro
rata share of future expenditures, or Ucore may elect to convert to a 35%
interest, which will be carried through to completion of a pre-feasibility
study. If either party dilutes its interest to less than 10% in the joint
venture, its interest shall be converted to a royalty of 1% or 1.5% of gross
sales, depending on underlying royalties, of which 0.5% may be bought-out for
$500,000.


REE assays are reported as Total Rare Earth Oxides (TREO). TREO includes all the
Rare Earth Oxides plus Yttrium Oxide. As per industry standard, TREO are broken
down into Light Rare Earth Oxides (LREO) and Heavy Rare Earth Oxides (HREO).
LREO consists of Ce2O3, La2O3, Nd2O3, Pr2O3 and Sm2O3 and HREO consists of
Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3 and Y2O3.
Percentage HREO is calculated by dividing HREO by TREO. The most abundant REE
from the analysis described above are Cerium, Lanthanum and Neodymium.


The Qualified Person (QP) who has prepared or reviewed the technical information
for this release is Wayne Reid, P.Geo. 


Additional information relating to Kirrin is available on Kirrin's web site at
www.kirrinresources.com and on SEDAR at www.sedar.com. Additional information
relating to Ucore is available on Ucore's web site at Ucore.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 exploration expenditures and share issues as part of the
acquisition of an interest in a minerals property. 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 of the planned expenditures 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.