Brett Resources Inc.

Brett Resources Inc.

December 22, 2009 09:41 ET

Brett Closes Flow-Through Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2009) - Brett Resources Inc. (TSX VENTURE:BBR) is pleased to announce it has closed the non-brokered Flow-Through private placement financing announced on Dec. 9th & 10th, 2009. The Company has placed 2,637,000 Flow-Through common shares at a price of $2.00 per share for gross proceeds of $5,274,000.

As consideration, Brett has agreed to pay a finders fee of 6.0% to accredited agents on that portion of the funds raised by third parties. A total of $238,560 was paid in finder's fees. The shares issued under this financing are subject to regulatory approval and will be subject to a hold period of four months plus one day from the date of approval of the offering.

The flow through proceeds raised in this offering will be used for Canadian Exploration Expense (CEE) as defined in the Income Tax Act (Canada), and will be renounced for the 2009 taxation year.

About Brett Resources Inc.
Brett Resources Inc. is a Canadian minerals exploration company whose primary mandate is the discovery, acquisition, and development of precious metals systems, with particular expertise in Canada and Latin America. Since 2006 Brett's primary focus has been the 100 percent owned Hammond Reef Gold Deposit in Ontario where a C.I.M. Inferred Resource of 6.70 million ounces of gold, 259.4 million tonnes at a grade of 0.8 grams per tonne utilizing a 0.3 gram per tonne gold cut-off has been outlined. The Company will continue to advance this flagship Project.

Patrick Soares, President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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