Cue Resources Ltd.
TSX VENTURE : CUE

Cue Resources Ltd.

January 04, 2011 11:09 ET

Cue Resources Ltd. Appoints Andrew Bell to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2011) - Cue Resources Ltd. (the "Company") (TSX VENTURE:CUE) is pleased to announce that Andrew Bell has been appointed to the Company's Board of Directors.

Andrew Bell is Chairman of Red Rock Resources Plc. He began his career as a natural resources analyst at Morgan Grenfell & Co. in the 1970s, and is a Fellow of the Geological Society. His business experience encompasses periods in fund management and advisory work at leading financial institutions, international corporate finance work, and private equity. Andrew Bell's listed company directorships are Regency Mines Plc (Chairman), Greatland Gold Plc (Chairman), Jupiter Mines Ltd (Director) and Resource Star Ltd (Chairman).

"We are very pleased to have Andrew join our board of directors," stated Robert Tyson, President and CEO of the Company. "Representing Red Rock, Cue's largest shareholder, Andrew will brings diverse industry expertise and a network of contacts in Europe and other parts of the world that we believe will provide significant benefit to Cue and our shareholders."

About Cue Resources
Cue Resources Ltd. is focused on developing its uranium project located in the Yuty Uranium District in south-eastern Paraguay. Two major drilling campaigns have been completed by Cue leading to the completion of the most recent NI 43-101 compliant resource reporting an Indicated Resource of 9.0M tonnes @ 0.042% eU3O8 containing 8.3M lbs eU3O8 and an Inferred Resource of 1.1M tonnes @ 0.050% eU3O8 containing 1.2M lbs eU3O8. Column leach tests have demonstrated recovery of up to 86% of the contained uranium from cores taken from San Antonio. In addition, laboratory testing on drill cores has shown permeability and porosity values within the range of existing commercial ISR operations. For detailed information, please see the Cue web site at http://www.cue-resources.com.

Chris M. Healey, P.Geo, a director of Cue, is the Qualified Person responsible for the technical content of this release.

On behalf of the Board of Directors

Robert S. Tyson, President and Chief Executive Officer

Neither the 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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