Currie Rose Resources Inc.

Currie Rose Resources Inc.

April 06, 2006 10:00 ET

Currie Rose Resources Inc. Secures Sekenke Portfolio in Tanzania

ST. CATHARINES, ONTARIO--(CCNMatthews - April 6, 2006) - Currie Rose Resources Inc. (TSX VENTURE:CUI):

Harold Smith, President, is pleased to announce that the Company has signed a binding "Letter Agreement" with a private Tanzanian company, Sekenke Resources Ltd ("Sekenke"), to joint venture a highly prospective package of licenses covering 2,471.51 square kilometres of the Iramba- Sekenke Greenstone Belt Camp in central Tanzania.

Under the terms of the staged Agreement, Currie has a 21 day due diligence period to assess the existing data and verify title documentation. On completion of the review on a favorable basis, the Company earns into the project on the following basis:

- Stage 1 - First earning period (12 months) to earn 30% of each license
- Currie to make license payments totaling US$70,000, vendor
payments totalling 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 to spend a minimum of US$1m on exploration and 3 vendor
payments (over the period) totalling US$400,000 in cash or shares
of the Company priced at average price at one month prior to the
payment date.
- Stage 3 - Third Earning Period (36 months) to earn 19% (total 70%) of
each license
- Currie can elect to complete a Bankable Feasibility Study at any
time during this stage to acquire 70% interest or stay at 51%.

The Iramba-Sekenke Greenstone belt hosts a number of colonial gold mines and has been explored by a number of companies (including Barrick Gold Mines) during the past few years. This more recent work has identified this Camp as a significant gold field with known high grade resources in excess of 0.5 million ounces of gold. Currie has the opportunity to develop a number of previously generated gold anomalies in areas not recognized as "greenstone" by colonial mapping.

Over the past ten years Tanzania has developed into a very attractive exploration destination and companies such as Barrick Gold Mines (excess of 24 million ounces of gold) and Anglo-Ashanti (14.6 million ounces of gold) have acquired and developed world class gold mines. The management of Currie sees this acquisition as a key project to further develop the company's potential.

Once due diligences is completed, the Company will have compiled comprehensive data to begin an exploration program.


Harold Smith, President

The Qualified person for the release of this exploration information is Michael Griffiths AusIMM, Director of Currie Rose Resources Inc.

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

Contact Information

  • Currie Rose Resources Inc.
    Harold Smith
    (905) 688-9115
    102-110B Hannover Drive
    St. Catharines, Ontario L2W 1A4
    (905) 688-9115
    Investor Relations Office:
    300-1055 West Hastings Street
    Vancouver, B.C. V6E 2E9
    (604) 662-4955