Brett Resources Inc.

Brett Resources Inc.

July 10, 2008 13:02 ET

Brett Options Prospective Ground Around the Hammond Reef Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2008) - Brett Resources Inc. (TSX VENTURE:BBR) is pleased to announce that option agreements have been finalized allowing Brett to acquire 100 percent of four properties contiguous to its Hammond Reef property located in Ontario. The properties, known as the BF, Jack Lake, Hawk Bay and Golden Winner, all cover prospective ground with known gold occurrences. Option terms for the properties include payments totaling $460,000 over three years and the issuance of 470,000 shares over the same period to earn a 100% interest, with $55,000 and 55,000 shares to be issued upon regulatory approval. Vendors of each property will retain a 2.5% NSR royalty, 1.0% of which may be purchased by Brett for $1 million per property.

Property Name Sample Type Rock Type (i)Grade Ranges (Au)
BF Properties Grab Vein Stockwork 4 to 9 g/t
Jack Lake Drilling (1983) Vein Stockwork up to 15 g/t over
1.5 metres
Hawk Bay Chips Stockwork/gneiss 8.3 g/t
Golden Winner Mining Vein Stockwork 30 tons at approx.
(circa 1900) 0.28 opt
(i) None of these sample grades and intervals have been verified by Brett
Resources personnel. The grades come from various assessment and
property reports.

The properties, which total 22,600 acres, cover numerous gold occurrences which have been explored by shaft sinking, trenching, diamond drilling and channel sampling. Historic reports indicate that about 14 tonnes of gold mineralized quartz vein material running approximately 8 grams per tonne were mined from the Golden Winner property around 1900. The BF Properties, located to the south-west of the Hammond Reef property, cover the continuation of the Reef schist zone as identified on the property when mapped by D. Stone of the Ontario Geological Survey circa. 1995.


Patrick Soares, President & CEO

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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.

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