Etna Resources Inc.
TSX VENTURE : ETN

September 24, 2009 09:30 ET

Etna Resources Inc. Announces the Appointment of TRU Group

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2009) - Etna Resources Inc. ("Etna") (TSX VENTURE:ETN) is pleased to announce that it has retained the TRU Group Inc. ("TRU Group") who are leading technical experts within the lithium mining sector. TRU Group (www.trugroup.com), based in Toronto, Canada, and Tucson, USA, are industrial management and engineering consultants with a strong capability in lithium project development. The firm is a world leader in resource evaluation, salar exploitation, brine and mineral lithium extraction and processing technologies - those in use, prospective, and leading edge. TRU Group has evaluated, engineered and helped to construct most of the known existing lithium salar operations in the world and has advised on a wide variety of lithium resource, engineering, process, business and investment issues.

Etna has recently entered into a Securities Exchange Agreement with Sociedad Gareste Limitada ("Gareste") whereby, upon closing of the transaction, Etna will obtain interests in a total of nine lithium salars in Chile. Gareste is a private Chilean company established in the 1990s and engaged in the business of mineral exploration in Chile. The existing portfolio of rights in the nine salars to be transferred includes surface brine lakes or surface flow at Lagunas Verde, Lagunas Bravas and Rio Salado/Pedernales, and six additional lithium brine projects, all located in the mineral-rich Atacama Region III. The rights in these nine lithium salars cover a cumulative area in excess of 11,500 hectares, all accessible via serviceable roads. It is believed that the salars collectively carry the potential to host lithium in three distinct brine types: surface water, shallow and deep brines.

On Behalf of the Board,

ETNA RESOURCES INC.

Jerry A. Minni, Director & Chief Financial Officer

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company such as the statement that (i) the closing of the acquisition will occur; and (ii) the belief that the Properties may carry the potential to host lithium in three distinct brines types. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including the (i) inability to obtain Exchange approval and close the acquisition and financing for any reason; (ii) adverse market conditions; (iii) a decrease in demand for and price of lithium; and (iv) general uncertainties with respect to mineral exploration in general. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO "U.S. PERSONS", AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT, UNLESS AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE.

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

  • Etna Resources Inc.
    Jerry A. Minni
    604-683-8610