SOURCE: Drayton Harbor Resources, Inc.

December 01, 2008 21:15 ET

Drayton Harbor Resources to Seek New Opportunities

CARSON CITY, NV--(Marketwire - December 1, 2008) - Drayton Harbor Resources, Inc. (OTCBB: DHBR) ("Drayton" or the "Company") wishes to advise that the Letter of Intent ("LOI") with You.i Labs ("You.i") announced previously on November 18, 2008 has expired.

Both parties were unable to reach a definitive agreement and under the terms of the LOI Drayton Management will exercise its option to seek other opportunities.

Further specifics will be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

Notice Regarding Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding development and exploration activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Drayton to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Drayton Harbor Resources, Inc. or any affiliates, has little or no control. Risks, uncertainties and other factors are discussed in documents filed from time to time by Drayton with the Securities and Exchange Commission. There is no assurance that Drayton's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements.

Per Drayton Harbor Resources, Inc.

Contact Information

  • For more information contact:
    Boundary Point Investor Relations, Inc.
    Toll Free: 888-729-3427 (DHBR)