Currie Rose Resources Inc.

Currie Rose Resources Inc.

June 07, 2006 11:32 ET

Currie Rose Resources Inc. Confirms Prospectivity of Sekenke Project in Tanzania

ST. CATHARINES, ONTARIO--(CCNMatthews - June 7, 2006) - Currie Rose Resources Inc. (TSX VENTURE:CUI) -

Harold Smith, President, is pleased to announce the Company has completed its due diligence of the Sekenke Project in Tanzania and has exercised its option to proceed.

The review confirmed that the package covers part of the Iramba-Sekenke Greenstone Camp situated on the eastern flank of the Lake Victoria Greenstone Belt and that there remains potential to discover gold resources. There were two notable colonial producers in the region, the Sekenke Gold Mine and the Kirondatal Gold Mine. Both of these former mines are excluded for the package but the licenses of the new joint venture, cover all the strike extensions of both mines including the ground situated between the two former mines.

The former Sekenke Gold Mine was the largest single producer of gold in the pre-war period of the late 1930s in Tanzania with development extended down to the 7th level (200m below surface). Records show that about 260,000 tons of ore was milled returning about 140,000oz (3,969kg) of gold. The Kirondatal Gold Mine operated between 1934 and 1950 and produced approximately 7,267oz of gold with an average ore grade of 9g/t (Memoir No.1 - Summary of the Geology of Tanganyika Part iv: Economic Geology, J. F. Harris, 1981, page 69).

In addition, another license in the package abuts and covers the strike extension to the Kinyangiri Gold discovery drilled by Barrick and returning up to 2.5g/t gold over 14 metres.

The Company believes this gold camp is under explored and has identified a number of geochemical and geophysical targets of considerable merit and size, particularly in relation to the former gold mines. Over the past few years, a number of former mining camps in Tanzania have been re-explored and significant resources have been discovered proximal to the former colonial high grade mines. The most notable of these is the Anglo-Ashanti Geita Gold Mine reported (December 2005) to have 13.3 million ounces of resources and 8.5 million ounces of reserves.

The Company is also reviewing other key licenses in the area in order to further consolidate it position.

Under the terms of the staged Agreement with a private Tanzanian company, Sekenke Resources Ltd, Currie Rose Resources can earn into the project on the following basis:

- Stage 1 - First earning period (12 months) to earn 30% of each license

- Currie Rose Resources to make license payments totaling US$70,000, vendor payment totaling US$50,000 cash and US$50,000 in shares

- Stage 2 - Second earning period (24 months) to earn 21% (total 51%) of each license

- Currie Rose Resources to spend a minimum of US$1m on exploration and 3 vendor payments (over the period) totaling US$400,000 in shares priced at average price at I month prior to the exercise date.

- Stage 3 - Third Earning Period (36 months) to earn 19% (total 70%) of each license

- Currie Rose Resources can elect to complete a Bankable Feasibility Study during this stage or stay at 51%.


Harold Smith, Harold Smith, President

The Qualified person for the release of this exploration information is Michael Griffiths AusIMM, Director of Currie Rose Resources Inc. and Chief Executive Officer/Director of Sub-Sahara Resources NL.

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

Contact Information