Bryn Resources Inc. Further Cancels 4,500,000 Restricted Shares.

TORONTO, Oct. 4, 2011 /PRNewswire/ - Bryn Resources Inc. (PINK: BRYN) is pleased to announce that in addition to the cancellation of 59,000,000 restricted shares announcement (http://www.brynresources.com/wp/index.php/2011/08/bryn-resources-inc-cancels-59000000-restricted-shares/) it has further reduced another 4,500,000 restricted shares. The cancellation will reduce the overall outstanding shares to 51,266,260.

Bryn Resources Inc. previously identified 1 (one) shareholder, Bastille Advisors Inc, that will have an equity position of greater than 10% in effect restricting these shares. With this further reduction, shareholder Baywaters Inc will also have an equity position greater than 10%. This will in effect reduce the company's float by an additional 5.2 Million shares to 13,504,817.

Bryn Resources Inc. continues to work on the Nova Scotia properties towards an initial property assessment report as planned. Further updates will be provided to its shareholders shortly.

About Bryn Resources Inc.



Bryn Resources is a precious metals exploration company currently concentrating its efforts in eastern Canada.  Bryn presently holds a 100% working interest in the Renfrew Property situated in Hants County, Nova Scotia comprised of 62 Claims covering approximately 2,480 acres, as well as a 100% working interest in the Wine Harbour property located in Wine Harbour, Nova Scotia. The Wine Harbour claims have historically demonstrated their mineralization and in the period between 1862 and 1939 are reported to have produced 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton.

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Bryn Resources Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

SOURCE Bryn Resources

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