DARNLEY BAY RESOURCES LIMITED
TSX VENTURE : DBL

DARNLEY BAY RESOURCES LIMITED

June 24, 2009 16:14 ET

Darnley Bay Resources Announces Private Placement

TORONTO, ONTARIO--(Marketwire - June 24, 2009) - Darnley Bay Resources Limited (the "Company") (TSX VENTURE:DBL) announces that it is initiating a non-brokered private placement financing of up to 4,000,000 units @ $0.10 per unit and up to 4,166,667 Flow-Through (FT) units @ $0.12 per unit.

Each unit consists of one common share (CS) and one CS purchase warrant exercisable for four years from the closing date at an exercise price of $0.20/share. The proceeds will be used for exploration and working capital.

Each FT unit consists of one FT share and one FT share purchase warrant exercisable for four years from the closing date at an exercise price of $0.24/share.

The transactions are subject to certain conditions, including regulatory approval.

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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