Supatcha Resources Announces New Ukrainian Gold Exploration Initiative

Supatcha Resources Inc. (OTCBB:SAEI) ("Supatcha" or the "Company") is pleased to announce the establishment of an exploration initiative in Ukraine. For the past year, the Company has undertaken a measured and methodical assessment of a number of new exploration opportunities within the Ukraine. The country has a notable history of gold reserves and production. 

"We are able to introduce an exploration component that will be managed by an experienced and technical team. We are concentrating our efforts to take advantage of the vast natural resource potential of Ukraine to build shareholder value as our Company matures," states Steve Talley, President & CEO of Supatcha Resources. "Our focus has been on gold because of its high economic viability and we believe that the Ukraine offers tremendous opportunities of abundant gold mineralization in available areas that are still sub-explored."

On February 16, 2010, the Company entered into a letter of intent to acquire a 90% interest in the Barlevskoye and Vynohradiv Gold licenses in the Southwest Ukraine. Under the proposed terms, Supatcha Resources Inc. will pay $7,500,000 and will issue 500,000 common shares to Poltavas Capital Management Ltd. as consideration for the 90% interest in the properties held by way of two special permissions issued by the Government of Ukraine. Further details of the transaction will be reported at the time of the signing of formal agreements for the purchase.

About Supatcha Resources Inc. (OTCBB:SAEI)

Supatcha Resources Inc. is a gold exploration company focused on acquiring and developing mineral properties in Ukraine. Supatcha is in the final stages of acquiring two additional gold mining projects, with world-class potential, in southwestern Ukraine.

Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

CONTACT: Supatcha Resources Inc.

Steve Talley

[phone]

Fax: [phone]

[e-mail]

http://www.supatcharesources.com