Black Bull Resources Inc.
TSX VENTURE : BBS

Black Bull Resources Inc.

January 05, 2011 08:06 ET

Black Bull Resources Inc. Announces the Sale of Its Remaining Redundant Assets and Inventory

SHELBURNE, NOVA SCOTIA--(Marketwire - Jan. 5, 2011) - Black Bull Resources Inc. (TSX VENTURE:BBS) has announced that it has completed the sale of all remaining inventory and redundant assets.

As previously announced the Company has been seeking buyers for its redundant assets and remaining inventory. While some redundant assets had already been sold, the Company received and completed the sale of all the remaining redundant assets and inventory.

"The Company has completed its plan to sell off all its remaining redundant assets and inventory. This gives the Company the available cash resources to seek long term strategic options for its resource," says Joseph MacDonald, President and CEO. "In addition the Company will be further reducing its monthly cash burn."

About Black Bull Resources Inc.

Black Bull Resources Inc. is a Canadian mining company based in Nova Scotia that owns the White Rock Mine near Shelburne. The mine produces a unique, bright, white, high-purity quartz, marketed under the Scotia White which is used in a range of value-added, specialty products.

The White Rock Property also contains an identified resource of kaolin and mica. Further detailed information may be obtained from the Company's website www.blackbullresources.com or corporate filings at www.SEDAR.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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