DARNLEY BAY RESOURCES LIMITED
TSX VENTURE : DBL

DARNLEY BAY RESOURCES LIMITED

August 05, 2009 14:22 ET

Darnley Bay Resources Engages Consultant for Chinese Market and Awards New Options

TORONTO, ONTARIO--(Marketwire - Aug. 5, 2009) - Darnley Bay Resources Limited (the "Company") (TSX VENTURE:DBL) announces it has engaged Summit RG Business Development Services with offices in Oshawa and Shanghai to seek joint venture partners and investors in China. Summit RG (www.summitrg.ca) has a history of financing, sourcing partners and strategic planning for Canadian companies in the Chinese market.

The Company also announces it has granted options to purchase up to an aggregate of 3,000,000 common shares of Darnley Bay Resources to six directors and one consultant. The options are exercisable at $0.10 per share and will expire on August 5, 2011. Following this issuance, the Company will have 3,569,230 options issued under its rolling 10% stock option plan with 55,405,380 issued and outstanding common shares.

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.

Contact Information