October 20, 2010 16:06 ET

Darnley Bay Resources Provides Update on Its Base Metals Drill Program

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2010) - Darnley Bay Resources Limited ("Darnley Bay") (TSX VENTURE:DBL) has posted an update regarding its base metals drill program on its website (see Current Activities on the home page at www.darnleybay.com). Ground geophysical surveys (gravity, electromagnetic and magnetic) have been completed on twenty targets, and are underway on five remaining targets. Drilling of two holes near the northeast edge of the Darnley Bay Gravity Anomaly has been completed as follows:

  EM-08-01 – vertical hole terminated in glacial overburden at a depth of 161 m.
  M-07-01 – vertical hole drilled through 153 m of glacial overburden and 231 m of sediments; the hole was terminated at a depth of 384 m.

Neither drillhole reached sufficient depth to explain the target anomalies. Nevertheless, valuable geological information was gained and portions of the drillcore from M-07-01 will undergo geochemical analysis. Initial drill production was hampered by the overburden and by a run of bad weather.

With the ground geophysical information in hand, Darnley Bay is commencing to drill its primary gravity targets. Drill set-up on target G-09-01 is nearly complete. It is focused on a gravity response defined by the recent ground surveys within the southeast lobe of the Darnley Bay Gravity Anomaly. The remaining drill targets for the current season are located near the drill camp and accessible by snow machine, which will enable continued access regardless of the weather.

Darnley Bay remains committed to a logical progression of ground geophysics and drilling, to determine the source of the Darnley Bay Gravity Anomaly and related mineralization.

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 would 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.

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