Adroit Resources Inc.

Adroit Resources Inc.

March 26, 2010 11:57 ET

Adroit Resources Inc.: Six New Permits Granted in Central Italy and Expropriation Appeal Hearing Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2010) - Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) -

PERMITS GRANTED: Management is pleased to announce the award of six new, replacement, two year, exclusive exploration permits in Central Italy covering approximately 2,139 hectares (some 21km²) of terrain prospective for antimony, gold and silver mineralization. These permits represent the Company's total current holding in Central Italy and contain the most prospective parts of the Company's previous holdings.

The granted permits include the Faggio Scritto (246ha), Poggio Monticchio (162ha), I Salaioli (366ha) and Poggio Pietricci (653ha), situated within the Manciano area and the Poggio Fogari (439ha) and I Monti (273ha), some 70km north of the Company's project office in Grosseto.

The Manciano region, located about 50km south from the Company's project office in Grosseto was, by world standards, a significant producer of antimony with several deposits mined over the past century. Production in the area ceased in the 1980s with the closure of the Tafone Mine. Exploration and resource evaluation carried out, prior to the mine closures, indicated the presence of considerable historic antimony resources in the district and, more particularly, within the Company's permits. See Company news releases of June 13, 2007 and February 4, 2008.

The mineralization outlined occurs near surface and remains open in several directions. The resource estimates and the historical data are non-conformable with National Instrument 43-101, "Standards of Disclosure for Mineral Deposits". The historical reports have not yet been independently verified by the Company and the Company is not relying upon them.

Antimony has many diversified and indispensable uses both for commercial and military applications. Some of these uses are as a hardener in lead storage batteries and as a compound in flame retardant applications in children's clothing, toys, aircraft and automobile seat covers plus alloys which call for its unique property of expanding when cooled such as bearings, projectiles and solder. 

The Company is assessing these historic Antimony deposits for eventual commercial exploitation. Currently, the demand for antimony is estimated at 20,000 tons per year within the European Union and it sells for well in excess of US$6,000 per ton with a high in January 2010 of US$ 6,400/6,550 per tonne. Latest data from the US geological survey shows that China is the world's leading producer and supplier of the metal that, in compound form as trioxide, is used in fire retardants. China produced 170,000 tonnes of Antimony out of a total 2009 global output of 187,000 tonnes in 2009.

The antimony mineralization occurs in close spatial and genetic relation with the gold mineralization, recognized in the area (see, amongst others, News Release of 22 December 2006). They occur preferentially in Mesozoic carbonate-evaporitic formations, are associated with regional structural features and are related to recent igneous activity. The idealized prototype of a southern Tuscan antimony deposit can be described as an irregular mineralization situated in the upper part of a highly porous limestone unit, usually the Calcare Cavernoso ("vuggy limestone"), overlain by an impermeable unit, normally a flysch-type rock. The deposits are bound to the edge of horst positions and also to areas of elevated geothermal gradient and resulting hydrothermal activity.

The Poggio Fogari and I Monti permits contain both gold and antimony mineralization and the Company reported that a soil sampling campaign on its I Monti Property had outlined a new, large, gold-in-soil anomaly in its October 23, 2007 news release. The anomalous (+100ppb Au) area, with a peak of +2g/t Au, trends northwest-southeast and extends over more than 25ha. It remains open to the northwest and southeast. Assays from historic rock and float sampling surveys in the I Monti property also returned gold values in excess of 0.25g/t Au with peaks of 6.3 and 6.7 g/t Au.

Mr. Franceschi is a Qualified Person under the guidelines of National Instrument 43-101 and he has reviewed and approved the geological information contained in this news release.

APPEAL DATE: Management is pleased to report that May 5, 2010 has been set as the hearing date for the Provincial Government of British Columbia's (the 'Government') Appeal against the compensation award in favour of the Company made by the Supreme Court of British Columbia on June 24, 2009 and to hear the Company's Cross-Appeal.

On July 30, 2009, the Company reported that the Government of British Columbia had filed a Notice of Appeal indicating its intention to appeal the compensation award in favour of the Company made by the Supreme Court of British Columbia on June 24, 2009. The Company subsequently protested that the Notice of Appeal was served late, with the result that the Government was required to apply to the British Columbia Court of Appeal for an Order extending the time for serving the Notice of Appeal.

On November 10, 2009 the Company reported that the Court of Appeal had granted the Government's application for an extension of time, but provided that the Government must pay $650,000 to the Company within 7 days to stay execution by the Company on its judgment. Management was pleased to report that the Company had received the required C$650,000 payment from the Government.

The Company estimates the total value of the compensation originally awarded by the Supreme Court for the expropriation of the "Amber" mineral claims to be well in excess of $1,400,000 with costs and interest. The Government is appealing that decision in an effort to convince the Court of Appeal to reduce the quantum of that award. The Company has vigorously oppose the Government's appeal and has filed it's Cross-Appeal Factum seeking again the sum claimed before the Supreme Court of British Columbia.

Further information concerning the judgment pronounced by the trial court in the Company's favour is set out in the Company's news release dated June 25, 2009 and the receipt of the Government's Notice of Appeal in the Company's news release of July 30, July 2009.

The Reasons for Judgment in full can be seen on the Court's web site:

Further details of the Company's expropriation claim against the Government are on the Company's web site

Adroit Resources is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company's issued and outstanding share capital is 61,786,214 common shares.

On behalf of the Board of Directors

Graeme Rowland

Chairman and President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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