Adroit Resources Inc.

Adroit Resources Inc.

August 02, 2011 16:27 ET

Adroit Engages Meadowbank Asset Management Inc. to Provide Investor Relations Services and Announces Personnel Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 2, 2011) - Adroit (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) Engages Meadowbank Asset Management Inc. to provide Investor Relations Services and Corporate Update. Management is pleased to announce that it has entered into an agreement (the "Agreement") with Meadowbank Asset Management Inc./Gestion D'Actif Meadowbank ("Meadowbank") for the provision of investor relations services. Meadowbank, based in Toronto, Ontario, is registered as portfolio manager and exempt market dealer in Ontario and as an exempt market dealer in Quebec. Meadowbank does not hold any securities in the Company.

Pursuant to the Agreement, Meadowbank shall provide investor relations services including, but not limited to, the utilization of investor and public relations strategies to raise awareness, target defined audiences, and enhance the profile of the Company; and the promotion of the Company as an investment opportunity.

The Agreement is effective for a period of twelve (12) months, commencing August 1, 2011 and provides that Adroit will pay Meadowbank a monthly fee of CDN$5,000 plus applicable taxes, payable at the end of each month during the term of the Agreement. The total cost of the Agreement to Adroit during the 12 month term will be CDN$60,000 plus approved expenses, unless earlier terminated upon thirty (30) days written notice consequently also terminating any outstanding options. In addition, Meadowbank has been granted 500,000 common share options, exercisable at a price of $0.10 per common share. The options shall vest twelve months (12) after August 1, 2011.

The agreement and grant of options is subject to TSX Venture Exchange (TSXV) approval.

Progressive IR Consultants Corp., formally Adroit's investor relations provider in Vancouver, have mutually agreed with Adroit to terminate their agreement. Adroit's news release of November 25th, 2010 refers.

Vice President Marketing Appointed. Management is pleased to announce the appointment of Miss Catherine Feore to the position of Vice President Marketing. Catherine has worked in European Affairs for over 15 years, representing a wide range of organisations. She has direct experience of working in the European Parliament and was seconded to the European Commission as a National Expert in Urban Policy.

Catherine was Head of Office for Greater Manchester for nine years. During that time she built a partnership of 18 organisations, including, Transport for Greater Manchester, Greater Manchester Waste, Manchester Airports Group and the Manchester's Economic Development Agency.

Catherine left Greater Manchester to establish Orpheus Public Affairs, in 2010. Orpheus has worked for a number of clients including the European Association for Chemical and Molecular Sciences, where she helped to develop a Roadmap for the Chemical Sciences.

She originally studied chemistry before transferring to political science. Catherine has also completed postgraduate studies in EC law.

Resignation: Mr James Cross has resigned from the board of directors and vacated the position of Vice President Corporate Development.

Incentive Stock Options: Adroit announces the cancellation of 1,700,000 options (1,200,000 exercisable at $0.11 per share and 500,000 options exercisable at $0.25 per share) and, subject to the TSXV approval, the granting of options to purchase up to 5,650,000 shares at a price of $0.10 per share exercisable on or before May 31, 2014. The options are non-transferable. Any shares issued to "associated consultants" (as that term is defined in B.C. Instrument 45-105) pursuant to the exercise of options held by them will be subject to a four month hold period commencing on the date of grant of the options. Shares issued to executives and employees on the exercise of such options will not be subject to a hold period.

Adroit Resources Inc. is a mineral exploration company currently exploring for Gold, Silver and especially the strategic metal Antimony in Central Italy and diamonds, precious and base metals in the Shining Tree, Temagami/Cobalt and Bancroft areas of Ontario, Canada. In addition, Adroit is seeking new precious, base and strategic metal projects to add to its expanding portfolio. The Company's issued and outstanding share capital is 113,919,192.

On behalf of the Board of Directors,

Graeme Rowland

Chairman and President

Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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