SOURCE: Supatcha Resources Inc.

April 30, 2010 16:00 ET

Supatcha Resources Signs Letter of Intent to Acquire 98% of Maiskoe Gold Mine in Ukraine

DENVER, CO--(Marketwire - April 30, 2010) -  Supatcha Resources Inc. (OTCBB: SAEI) ("Supatcha" or the "Company") is pleased to announce that it has entered into a letter of intent with Derzhnagldo Polymetals to Acquire 98% interest in the mining claims of their property in Odessa Oblast, Savaransky District, Southern Ukraine. The agreement is binding and subject to a number of conditions, including financing and due diligence.

The terms of the agreement involve Supatcha paying the owners of the property a total of US$3,500,000 of which US$200,000 will be paid as a non-refundable deposit, with the balance to be paid within 45 days of the signing of the Letter of Intent after which Supatcha will own 98% of the mine (including all of the capital equipment) and the mineral concessions. Supatcha has also agreed to invest a further US$2,800,000 in expanding the current operation over the next year. The deal is subject to a 45 day due diligence period during which time Supatcha will carry out additional surface sampling and a limited diamond drill program.

Mr. Andrei Yasinskij, Chief Geological Advisor for Supatcha, commented, "This acquisition, once complete, will mark a major step forward in Supatcha's evolution and will establish the Company as an important gold company in Ukraine. We believe that the current mine and processing plant can be expanded during 2010. The mineralization at the Maiskoe property is a very attractive target which is amenable to open pit mining methods. We look forward to completing an aggressive drill program as soon as possible in order to determine the size of the mineralized system."

The property was explored previously by a number of companies and previous drilling indicated geology finds that are favorable for a potential large Gold deposit. The initial drilling done in 1999 indicated gold mineralization in a number of drill holes. In the year 2001 a magnetic/electromagnetic geophysical airborne survey was conducted over the property identifying several areas of interest. It was recommended that a drill program for a total of 2000 meters be undertaken.

Steve Talley, Supatcha Resources President, said, "This agreement signed once again shows our strong belief and commitment to the mineral rich Ukrainian region, we are excited about the opportunities ahead."

About Supatcha Resources Inc. (OTCBB: SAEI)

Supatcha Resources Inc. is a gold exploration company focused on acquiring and developing mining properties in Ukraine. Supatcha is in the final stages of acquiring two additional gold mining projects in southwestern Ukraine with world-class potential.

For further information on the Company's gold and base metal projects, visit our website, www.supatcharesources.com.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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