November 18, 2009 14:37 ET

Darnley Bay Resources Announces Appointment of Kerry J. Knoll to Its Board of Directors

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2009) - Darnley Bay Resources Limited (the "Company") (TSX VENTURE:DBL) announces it has appointed Mr. Kerry J. Knoll to its Board of Directors. Mr. Knoll is a well-known figure in the mining industry, having co-founded several successful companies over more than two decades. His financing skills are a particular asset to the Company.

Mr. Knoll acted as interim President & CEO of Canada Lithium Corp. during the summer of 2009, where he carried out a management reorganization and $15 million financing. He is now non-executive Chairman of Canada Lithium. He is also Co-Chairman of Stonegate Agricom Ltd., a private company developing two large phosphate deposits. He co-founded Blue Pearl Mining Ltd. (now Thompson Creek Metals Company Inc., of which he is a Director), which undertook a US$575 million asset purchase in 2006. He was also the co-founder of Glencairn Gold Corporation (now B2 Gold Corp.) and Wheaton River Minerals Ltd. (now Goldcorp Inc.). He served in various capacities with these companies for the past 20 years, including President and/or Chairman, and now serves on the board of several mining companies. Other accomplishments during his career include terms as editor of The Northern Miner Magazine and the Canadian Mining Journal.

In keeping with the Company's stock option plan, Mr. Knoll was awarded 300,000 options exercisable at $0.15 per share, which will expire on November 12, 2011. Following this issuance, the Company will have 3,300,000 options issued under its rolling 10% stock option plan with 55,405,380 issued and outstanding common shares. The transactions are subject to certain conditions, including regulatory approval.

Neither 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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