Adulis Resources Inc.

March 10, 2005 17:00 ET

Adulis Resources Inc.: News Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ADULIS RESOURCES INC.

TSX VENTURE SYMBOL: ADE
AIM SYMBOL: ADS

MARCH 10, 2005 - 17:00 ET

Adulis Resources Inc.: News Release

CALGARY, ALBERTA--(CCNMatthews - March 10, 2005) - Adulis Resources Inc.
(TSX VENTURE:ADE) (AIM:ADS):

In view of the recent trading activity, the Company provides an update
on drilling activities at the Sirruma 1 well in the Guajira. The well
was spudded on February 20, 2005 and is the first of two wells on the
Salinas Block within the current proposed ten well program in Colombia.

The well has reached a total depth of 7620 feet. A logging program has
been initiated which includes resistivity and porosity logs in addition
to taking pressure readings and side wall cores to better define
possible reservoir quality intervals. Subsequent to this analysis, a
decision on running casing and testing will be taken.

The Company will undertake further investigation of the well and will
provide updates on any developments in due course.

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