Brett Resources Inc.
TSX VENTURE : BBR

Brett Resources Inc.

April 02, 2007 10:27 ET

Brett Drills 102 Metres of 1.27 g/t Gold at Hammond Reef

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 2, 2007) - Brett Resources Inc. (TSX VENTURE:BBR) is pleased to report further results from expansion drilling at its Hammond Reef Project , 22 kilometres northeast of Atikokan, Ontario, 170 kilometres west of Thunder Bay.

Brett is earning a 60% interest in the 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. After Brett vests, Kinross will have a one time opportunity to back in for 60% of the Project by spending the next US $5 Million (see News Release of March 1, 2006 (http://www.brettresources.com/s/NewsReleases.asp?ReportID=130766) for a more complete description of the agreement).

The Hammond Reef deposit (http://www.brettresources.com/s/HammondReef.asp?ReportID=134215), which is open both laterally and to depth, comprises two roughly tabular zones along a northeasterly strike length of 2.5 kilometres, with a one kilometre gap between them. They are each approximately 750 metres long and are designated the A and 41 Zones, with the Mitta Gap separating them. The A Zone, with a 30 degrees - 40 degrees 0 southerly inclination, averages 25 - 50 metres in width, locally increasing up to 110 metres. The 41 Zone, with similar dimensions, dips 60 degrees - 70 degrees from surface and flattens to 30 degrees - 40 degrees around 75 metres down. Mineralization occurs as facture 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.

The drill program is designed to provide the basis for a 43-101 conformable resource calculation, as well as to increase the resource base in order to evaluate the potential for a large low grade open pit gold deposit. Drilling is continuing at the southeast end of the A Zone and on Mitta Lake, with the latter locations planned to determine whether the two zones can be extended to fill the Mitta Gap.

Results have been received for Holes BR-20 to BR-29, and BR 31 from the on-going winter program. Highlights of these holes include 102 metres of 1.27 g/t gold and 108 metres of 0.93 g/t gold in the A zone, 21 metres of 1.41 g/t gold in the 41 Zone, and 39 metres of 2.09 g/t gold and 43 metres of 1.00 g/t gold on step out sections of the southwest extension of the 41 Zone. Significant intervals (at a 0.3 g/t Au cut-off) are summarized in the table below:



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Hole From To Length Au Section
m. m. m. g/t
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A Zone
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BR-20 66.0 168.0 102.0 1.27 1850E
inc. 81.0 112.5 31.5 2.37
inc. 139.5 150.0 10.5 2.22
193.5 207.0 13.5 1.24
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BR-22 123.0 231.0 108.0 0.93 1800E
inc. 123.0 175.5 52.5 0.74
inc. 181.5 231.0 49.5 1.24
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-----------------------------------------------------------------
BR-24 34.5 40.5 6.0 2.38 1650E
51.0 84.0 33.0 0.98
103.5 144.0 40.5 0.80
168.0 177.0 9.0 2.94
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BR-26 99.0 124.5 25.5 0.63 1600E
139.5 156.0 16.5 0.59
189.0 199.5 10.5 0.74
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-----------------------------------------------------------------
BR-28 21.5 81.5 60.0 1.04 1800E
inc. 21.5 45.5 24.0 1.45 A zone on Mitta Lake.
inc. 51.5 81.5 30.0 0.91
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41 Zone
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BR-21 187.5 195.0 7.5 0.80 3300E
225.0 237.0 12.0 0.67
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BR-23 63.0 69.0 6.0 1.56 3250E
82.5 93.0 10.5 1.27
118.5 139.5 21.0 1.41
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-----------------------------------------------------------------
BR-25 12.0 27.0 15.0 0.78 3150E
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-----------------------------------------------------------------
BR-27 102.0 114.0 12.0 0.41 3050E.
186.0 192.0 6.0 0.97 41 Zone SW extension
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BR-29 99.0 145.5 46.5 1.80 3000E
Incl. 99.0 138.0 39.0 2.09 41 Zone SW extension
incl. 106.5 127.5 21.0 2.54
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BR-31 64.5 75.0 10.5 1.24 2950E
82.5 109.5 27.0 0.49
115.5 159.0 43.5 1.00 41 Zone SW extension
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The continuity and grade in the northeast portion of the A Zone between sections 1800E and 1850E, as confirmed in holes BR-18, BR-20 and BR-22, bodes well for extending mineralization further to the northeast, under Mitta Lake. Concurrently, the southwesterly extension of the 41 Zone encountered in holes BR-29 and BR-31 is a positive indication that the two zones may merge. Updated plans and sections for the above locations will be posted to the Brett web site. (http://www.brettresources.com/s/Home.asp)

Approximately a one-month hiatus in the drilling program is anticipated during the spring break-up period, the start of which is imminent.

The Company utilizes industry best practices in quality control and quality assurance with insertions of standards, blanks, and duplicates, in addition to the quality assurance and quality control practiced by the assay laboratory. Sample preparation and analysis are conducted by Accurassay Laboratories of Thunder Bay, Ont., an ISO/IEC guideline 17025 accredited facility. Project Manager responsible for the conduct of work and data acquisition at Hammond Reef is Denis Villeneuve, P.Geol.

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. Recent opportunities in the acquisition of tin and tungsten resources in North America and gold in Ontario are providing diversification to its asset portfolio.

ON BEHALF OF THE BOARD OF DIRECTORS OF BRETT RESOURCES INC.

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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