Elray Resources, Inc.
OTC Bulletin Board : ELRA

Elray Resources, Inc.

July 07, 2009 08:30 ET

Cambodian Company Awarded Elray Drilling Contract

LAS VEGAS, NEVADA--(Marketwire - July 7, 2009) - Elray Resources, Inc. (OTCBB:ELRA), a technically-driven mining and exploration company today announced that following positive site visits to Elray's projects and exploration operations by its geological and engineering team, Elray has appointed International Cambodian Drilling Services for 20 diamond drill holes on the Company's Porphyry Creek tenement. Drilling is scheduled to commence before the end of this month.

"The drilling program and the appointment of a drilling contractor is clearly supported by results from Elray's preliminary geological mapping and geochemical sampling programs," commented Mr. Barry J. Lucas, Executive Chairman of Elray Resources, Inc.

About Elray Resources, Inc.

Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia. Elray Resources, Inc.'s, primary objective is to source projects, conduct geological assessments and seek Joint Venture partners to develop the properties.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with gold & precious mineral exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect the Company's financial results is included in its filings with the Securities and Exchange Commission.

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