DARNLEY BAY RESOURCES LIMITED
TSX VENTURE : DBL

DARNLEY BAY RESOURCES LIMITED

December 07, 2009 18:11 ET

Darnley Bay Resources Limited Debt Conversion

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2009) - Darnley Bay Resources Limited (TSX VENTURE:DBL) announces that eight creditors have agreed to accept payment of $400,543.97 in the form of 2,002,720 common shares of the company, at $0.20 per share.

About Darnley Bay Resources Limited:

The Company was formed in 1993 to explore and develop an area of geophysical significance in the Northwest Territories of Canada. Initial base metal exploration fortuitously resulted in the discovery of diamonds, indicating that the area is host to both metallic and non-metallic mineral deposit interests. The Company's objectives are to secure and maintain successful financing partnerships to continue exploration for base metals, gold and diamonds that will result in the development of a profitable mining venture.

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