Steele Recording Corporation Enters LOI to Acquire 9 New Properties

   Steele Recording Corporation (OTCBB: SELR) announced today that it has entered into a Letter of Intent to purchase Nevada Mine Properties II, Inc. (NMP), an exploration company with nine properties located in Nevada and Idaho.

Scott Dockter, CEO, commented saying, "I am very impressed with this property portfolio. Many of these projects have drilling completed and follow up targets identified. These are properties that are located on trend or in proximity to major mining projects.

"For example, the LB/Vixen Project located approximately 5 miles from Allied Nevada Gold Corp.'s Hycroft Mine, which, according to alliednevada.com, is currently producing at a rate of approximately 100,000 ounces of gold and 300,000 ounces of silver per year. Another example is the Gutsy project which is located on the Carlin trend about 1 mile north of Newmont's Rain Mine complex that has a reported resource in excess of 4.5 million ounces of gold."

The land package being acquired consists of 270 claims, totaling 5,400 acres and two royalty properties. 4 projects are situated directly on the Battle Mountain Trend and 1 is situated on the Carlin Trend. The Company is currently evaluating the due diligence information on this acquisition in an effort to verify locations, ownership, and history of the projects.

More information about these newest properties can be found at the Company's subsidiary Steele Resources, Inc.'s website, www.steeleresources.com.

Safe Harbor Statement

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Recording Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Recording Corp. cautions investors that any forward-looking statements made by Steele Recording Corp. are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Recording Corp.'s mining properties, the unproven nature of and potential changes to Steele Recording Corp.'s business model, the risk that the capital and other resources that Steele Recording Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Recording Corp.'s most recent Form 8-K dated June 17, 2010 and in Steele Recording Corp.'s future filings with the Securities and Exchange Commission.

Contact: Website: www.steeleresources.com Email: [e-mail] Phone: Scott Dockter -- 530.672.6225