September 01, 2010 11:03 ET

Darnley Bay Resources Begins Drilling Its Base Metals Targets

TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Darnley Bay Resources Limited ("Darnley Bay") (TSX VENTURE:DBL) is pleased to announce that Northtech Drilling Ltd. commenced drilling Darnley Bay's first 2010 base metals target on August 28. The drill had been mobilized from the Parry Peninsula 90 km to the northwest where the first phase of drilling for kimberlite pipes, under the joint venture with Diadem Resources Ltd., was completed last week.

Target EM-8 is currently being drilled, an electromagnetic anomaly with coincident magnetic response interpreted from the 2010 VTEM survey (see target map on the home page at www.darnleybay.com). It will be followed by target M-7, a magnetic anomaly with coincident electromagnetic response. Both drill holes are at 65° from the horizontal with a length of 300 m. Concurrently, other targets are being followed up on the ground with gravity and magnetic surveys, and geological prospecting, to prioritize targets for the continuing drill program.

Darnley Bay filed its quarterly financial statements for the April-June 2010 period on August 30, 2010. They are available on SEDAR and will be posted on Darnley Bay's website.

In keeping with Darnley Bay's stock option plan, officers, directors and consultants to Darnley Bay were today awarded a total of 1,750,000 options exercisable at $0.37 per share, expiring on August 31, 2015. As a result, 5,550,000 of a possible 10,336,259 options have been granted. The grant is subject to certain conditions, including regulatory approval.

About Darnley Bay Resources Limited:

Darnley Bay Resources Limited was formed in 1993 to explore and develop an area of geophysical significance in the Northwest Territories of Canada. Initial base metal exploration fortuitously resulted in the discovery of diamonds, indicating that the area is host to both metallic and diamond mineral deposit interests. Darnley Bay's objectives are to secure and maintain successful financing partnerships to continue exploration for base metals, precious metals and diamonds that will result in the development of a profitable mining venture.

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Darnley Bay expects are forward-looking statements. Although Darnley Bay believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Darnley Bay, investors should review registered filings at www.sedar.com.

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.

Contact Information