Bryn Resources Inc. Provides Corporate Update

TORONTO, July 21, 2011 /PRNewswire/ - Bryn Resources Inc. (PINK: BRYN) (PINKSHEETS: BRYN.PK) is pleased to provide its shareholders with an update on its corporate activities since its last release. Bryn Resources Inc. is continuing its program of acquiring promising mining properties to add to their already acquired 100% ownership rights to 2 very promising gold and silver properties in Eastern Canada. Additional details of the mining properties can be found on Bryn Resources Inc.'s web site at http://www.brynresources.com or on the quarterly disclosure statements at http://www.otcmarkets.com/stock/bryn/quote. Bryn Resources has also continued discussions with a Canadian mineral exploration company listed on the TSX-Venture to conclude an agreement that will have them participate with Bryn Resources Inc. by way of providing consulting and on the ground assessment of the mineralization potential of the 2 sites.

This preliminary property assessment to be completed this year will include:

a.      b.      c.      d.      e.

Evaluation of the resource potential of subject mineral claims ( the "Property") Preparation of preliminary assessments Review geological data supplied by the Company Provide overview of regional properties Provide recommended exploration programs and a budget with the view to prepare a 43-101 report.

Immediately upon completion of its discussions with the Canadian mineral exploration company and the finalization of a Consulting and Extraction Agreement, Bryn Resources Inc. will release further particulars of its program for the balance of 2011 and continuing for 2012.

About Bryn Resources Inc.

Bryn Resources is a precious metals exploration company currently concentrating its efforts in Eastern Canada region holding 100% interest in Renfrew Nova Scotia that comprises of 62 Claims covering 2,480 acres, and 100% interest in Wine Harbour, Nova Scotia with rights to 53 mineral claims for a total of 2,100 acres. These claims have historically demonstrated their mineralization and in the period between 1862 and 1939 yielded 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton. Bryn Resources Inc. continues to seek partnerships in proven mineralization which are close to the production phase.

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

Copyright 2011 PR Newswire