Exall Resources Limited
TSX : EXL
OTC Bulletin Board : EXALF

Exall Resources Limited

May 15, 2006 10:22 ET

Exall Resources Limited: Fourth Drill Rig Commences at Gold Eagle Project

TORONTO, ONTARIO--(CCNMatthews - May 15, 2006) - Exall Resources Limited ("Exall" or the "Company") (TSX:EXL)(OTCBB:EXALF) and Southern Star Resources Inc. (SSR:TSX-V) are pleased to report that Chibougamou Diamond Drilling has made available a fourth diamond drill rig which will begin drilling immediately at the Gold Eagle Project in Red Lake, Ontario.

The rig will be located on the east side of the Bruce Channel and south of the current drilling location where two rigs are presently working. The target is the high grade Bruce Channel gold discovery which continues to expand in all directions. A fourth rig is drilling on McKenzie Island on the west side of the Bruce Channel.

Exall Resources Limited is a Toronto Stock Exchange listed company that trades under the symbol EXL; in the United States, Exall trades as EXALF on the US OTC market (S.E.C. registration #82-3535). Exall is active in the business of gold exploration and development in Red Lake, Ontario, as well as oil and gas exploration, development and production from its properties in Alberta, British Columbia, Texas and in the North Sea offshore the United Kingdom. Exall owns 3,398,000 common shares of Southern Star Resources Inc., the Company's joint venture partner in the Gold Eagle Project.

There are 79,353,030 common shares issued and outstanding.

Contact Information

  • Exall Resources Limited
    Stephen G. Roman
    Chairman, President and CEO
    (416) 368-3949
    416) 368-5146 (FAX)
    www.exall.com