Brett Resources Inc.
TSX VENTURE : BBR

Brett Resources Inc.

October 05, 2009 10:08 ET

Brett Resources 70,000 Metre Drill Program Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2009) - Brett Resources Inc. (TSX VENTURE:BBR) is pleased to announce that drilling has started on its Hammond Reef Gold Property in north-western Ontario.

Highlights of the drill program are outlined below:

- Approximately 70,000 metres of drilling is scheduled for completion by the fall of 2010.

- Information from an infill drill program on the A Zone and the 41 Zone will be used to evaluate the drill spacing necessary to move Brett's current plus 5 million ounce resource from the inferred category to the indicated and measured categories.

- Drilling in open areas along strike and up and down dip is expected to increase the size of the current resource and has the potential to lower the mine strip ratio.

- Exploration drilling will target new potential discoveries over the Manley area, the Sande and Stewart and in other new gold zones uncovered by this summer's exploration program.

"Brett's current drill campaign should provide the Company with information so that an advanced stage scoping study that includes an upgraded resource can be produced late in 2010," said Patrick Soares, President and CEO of Brett Resources. "This information will allow us to move the project to a pre-feasibility level. We expect to see the resource grow within the known resource area, and hope that the new exploration areas provide additional targets for further resource growth."

Cyr Drilling Ontario Inc. currently has its first drill turning on the property and has just completed its second hole. A second drill is expected to be added in mid-October. Rainy Lake Tribal Contractors Ltd. of Fort Frances will provide a third drill to test exploration targets later this fall, once these targets are finalized.

In January two drills are scheduled to drill off the ice on Mitta Lake delineating the deposit between the A and 41 Zones, and later in the year, up to four or more drills will be active on the property. A map to indicate where drilling is taking place on the property will be posted to our web site, and be updated regularly. The actual drill locations and the amount of drilling completed on the property will vary as results from on-going drilling are received and interpreted.

Hammond Reef Milestones

During the past year Brett has successfully advanced the Hammond Reef Project on a number of fronts.

- The Hammond Reef Resource, at a 0.6 g/t Au cut-off, was increased from 4.8 million ounces Inferred, announced late in 2008, to 5.2 million ounces inferred, announced in July 2009 (155 million tonnes at a gold grade of 1.04 g/t).

- At a lower cut-off of 0.4 g/t this inferred resource increases to 6.34 million ounces (227 million tonnes at a gold grade of 0.87 g/t) for an additional 1.15 million ounces.

- Metallurgical results indicate that capital and operating cost savings may be achieved by using a mill flowsheet that involves flotation versus whole ore leaching. Gold recoveries from both processes exceed 90 percent, with results from flotation work indicating up to 93% recovery.

- A Memorandum Of Understanding ("MOU") was signed with Brett and all eight First Nation communities that consider Hammond Reef part of their Traditional Land.

- New exploration targets were identified in several areas that remain to be tested.

- A scoping study contract was signed with Scott Wilson Roscoe Postle. The study is due later this 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 5.2 million ounces of gold, 155 million tonnes at a grade of 1.04 gram per tonne utilizing a 0.6 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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