SOURCE: Brinx Resources Ltd.

Brinx Resources Ltd.

March 17, 2010 09:00 ET

Brinx Resources and Partners Drill New Discovery Well at OK-4 Project

ALBUQUERQUE, NM--(Marketwire - March 17, 2010) -  Brinx Resources (OTCBB: BNXR) is pleased to report that drilling of the OK-4 #1 well has reached total depth and that initial testing appears to indicate a significant new oil and gas discovery.

Electric well logs and a drill stem test that flowed both oil and gas to the surface, indicate the strong likelihood that the OK-4 #1 will be another producing well for the Company. Production casing has been set in preparation for completion of the well.

The OK-4 #1 is the first well of a two well program targeting hydrocarbon bearing sands similar to that found at the Company's successful 08-3 wells and the 09-3 wells. 

"Exploration drilling for oil and gas in southern Oklahoma has been very challenging this winter," said Leroy Halterman, President of Brinx Resources. "The successful drilling of this well despite cold weather, heavy snow and ice, and the resulting mud, is a testament to the strength and tenacity of our operating partners and we commend them for continued their efforts."

Further information regarding progress the OK-4 program will be released, as it becomes available.

About Brinx Resources
Brinx Resources is an expanding exploration and production company focused on developing North American and international oil and natural gas reserves. The Company's current focus is on the continued exploration and development of its land portfolio comprised of working interests in the 08-3, 09-2, 09-3, 09-4, and OK-4 Oklahoma Projects (5% interest); Three Sands Project in Noble County, Oklahoma (40% interest); King City Project in California (20% interest); and the Palmetto Point and Belmont Lake Oil Field Projects in Mississippi (8 to 8.5% interest). Brinx Resources is seeking to further develop its existing projects through development or offset drilling and to expand its portfolio to include additional interests North America.

Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.

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