SOURCE: Sarissa Resources Inc.

April 14, 2010 09:30 ET

Sarissa Resources Inc. Announces Formation of an Advisory Board to Develop a Strategic Focus on Corporate and Project Development

OAKVILLE, ON--(Marketwire - April 14, 2010) -  Sarissa Resources Inc., ("Sarissa" or the "Company") (PINKSHEETS: SRSR), is pleased to announce that it has formed the Sarissa Advisory Board (the "Advisory Board") to provide expertise and consultation to the Sarissa Board of Directors and management in matters related to the Company's Nemegosenda niobium property and corporate development. Two initial appointees to the Advisory Board bring considerable depth in the areas of international business development, financial acuity and management, and project costing and development.

The two initial appointees to the newly created Advisory Board are Mr. Robert Yeates and Mr. Tim Peterson.

Mr. Yeates has been a successful senior executive with over 40 years experience as CEO, President and Partner in various enterprises developing extensive knowledge of plastic laminate moulding, fabrication and construction techniques. Through Robert Yeates Holdings Limited (RYHL) he has been involved in numerous projects around the world, including design and construction of specialized equipment for hydro metallurgical processing in the mining industry. His expertise also involves design and installation of Rare Earth Element extraction plant equipment. Mining companies with which he has consulted include Inco on their Voisey's Bay demonstration plant, and, currently, acting as a supplier for the Sherritt Ambatovy nickel project in Madagascar.

Mr. Peterson has extensive managerial experience in the environmental, high technology and resource sectors. He has served on the Boards of Directors of four public companies and has extensive contacts in India and China. Following on the successful political careers of his older brothers, one of whom served as Premier of Ontario, and the other as International Trade Minister for the federal Government, he was elected and served as the Member of the Provincial Parliament of Ontario for Mississauga South from 2003 to 2007. 

Scott Keevil, CEO of Sarissa, believes, "The knowledge of project development and contacts in the international business and government world that we can gain through these two new additions to our team is unparalleled. The Company is fortunate to be able to be in a position to access the experiences of Mr. Yeates and Mr. Peterson."

Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project.

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