Brett Resources Inc.

Brett Resources Inc.

October 16, 2007 15:39 ET

Brett Adds Prospective Showings to Hammond Reef Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2007) - Brett Resources Inc. (TSX VENTURE:BBR) is pleased to announce that it has executed a letter of intent to acquire a 100% interest in the Sande and Stewart Property. The Property comprises 10 claims (160 ha), contiguous with the south central boundary of the Hammond Reef claim block, and is to be incorporated into the option/joint venture agreements with Kinross. The option terms include payments totaling $210,000 over three years and the issuance of 130,000 shares over the same period to earn a 100% interest, with $30,000 and 30,000 shares to be issued upon regulatory approval. The vendors will retain a 2% NSR royalty, half of which may be purchased by Brett for $1 million in total.

The property covers more than 10 gold showings, several of which have been explored by trenching and channel sampling carried out by and for the vendors. One showing was drill tested, with inconclusive results. The first table below lists some results obtained from historic channel and drill sampling. The sample intervals may not reflect true width and the table comprises historical results which predate NI 43-101. Therefore, these results can only be relied upon to the extent that Brett's Qualified Person has verified gold values by re-sampling some, but not all of the locations as shown in the second table below.

Name Width Au g/t
Creek Zone 6.9 m. 12.25
Breccia in drill hole #1 2.5 m. 16.20
V Trench 6.6 m. 4.11
Twin Pine 3.0 m. 4.36
3.0 m. 3.99
3.0 m. 2.11
3.5 m. 1.19
Ted Trench 1.2 m. 11.51
Joe Johnson 2.0 m. 3.46
2.2 m. 2.39
2.5 m. 1.63
Trap Bay #1 2.5 m. 1.41
Trap Bay #2 1.5 m. 0.98
1.0 m. 1.63
1.5 m. 0.60

Sample # Showing Au g/t Description
352408 Trap Bay 2 0.67 Verification of sample of TS-02-04
(1.89 g/t Au)
353209 Trench near visible
gold showing 85.20 Sample of quartz vein from which
high gold value was reported
352410 Twin Pine 13.05 Verification sample in area of
0.99 g/t Au and 9.60 g/t Au
352411 Ted's Trench 20.06 Verification of sample S-44 (4.77
g/t Au)
352412 V Trench 10.75 Verification of samples S-40 &
S-34 (8.73 and 9.85 g/t Au)
352413 Creek Zone 52.4 Verification of samples T-94-81
(5.70 g/t Au)

The style of the mineralization is very similar to that of the nearby Hammond Reef A and 41 Zones, consisting of sericitized granitoids and gneisses with pyrite, quartz veins and iron carbonate alteration.

Brett is earning a 60% interest in the adjacent Hammond Reef property from Kinross Gold Corp. by spending US $5 million on exploration over four years, and issuing one million shares to Kinross over the same period (see News Release of March 1, 2006 for a more complete description of the agreement).

The Hammond Reef deposit, which is open both laterally and to depth, comprises two roughly tabular zones along a northeasterly strike length of 2.5 kilometres, with a 700 metre gap between them. They are approximately 1000 and 800 metres long respectively and are designated the A and 41 Zones. Mineralization occurs as fracture controlled quartz vein stockworks with minor fine pyrite in variably altered, foliated Archaen granitoids and mafic dikes within and adjacent to the northeast trending structure known as the Hammond Reef Schist Zone.

Sample preparation and analysis were conducted by ALS Chemex Laboratories with sample preparation in Thunder Bay, Ont. and analyses of pulps in North Vancouver, BC, ISO/IEC guideline 17025 accredited facilities. Project Manager and Qualified Person responsible for the verification sampling above is Denis Villeneuve, P.Geol., Project Manager at Hammond Reef.

The Qualified Person responsible for this news release under the terms of National Instrument 43-101 is Thomas Hasek, P.Eng.

About Brett Resources

Brett Resources Inc. is a Canadian minerals exploration company whose primary mandate is the discovery, acquisition, and development of precious metals systems, with particular expertise in Canada and Latin America. Opportunities in the acquisition of tin and tungsten resources in North America and gold in Ontario have provided diversification to its asset portfolio.


Thomas Hasek, President & CEO

Cautionary Statements on Forward-Looking Information.

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

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

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