DARNLEY BAY RESOURCES LIMITED
TSX VENTURE : DBL

DARNLEY BAY RESOURCES LIMITED

March 08, 2007 14:52 ET

Darnely Bay Resources Limited-New Funding Received

TORONTO, ONTARIO--(CCNMatthews - March 8, 2007) - Darnley Bay Resources Limited (the "Company") (TSX VENTURE:DBL) announces that it has agreed on the principal
terms of private placements of 4,557,000 common shares @ $0.15 ($683,550). The transactions are subject to certain conditions, including regulatory approval.

The proceeds of the subscriptions will be used for working capital.

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

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