Garrison International Ltd.
TSX VENTURE : GAU

Garrison International Ltd.

November 21, 2011 16:02 ET

Garrison Announces Proposed Share Consolidation and Name Change

TORONTO, ONTARIO--(Marketwire - Nov. 21, 2011) - Garrison International Ltd. (TSX VENTURE:GAU) ("Garrison" or the "Company") announces that a consolidation of its common shares and a change of its name to "Desert Eagle Resources Ltd." will be proposed to its shareholders at the upcoming annual and special meeting of shareholders scheduled to be held on December 19, 2011.

Garrison currently has 173,281,406 common shares outstanding. Garrison believes that the completion of a share consolidation would facilitate future financings by Garrison, as these would be accomplished through the issuance of additional common shares of Garrison.

Garrison proposes to consolidate its common shares such that one (1) new common share would be issued for every eighteen (18) common shares outstanding on the effective date of the consolidation, or such lower number of common shares as may be determined by the directors of Garrison and as may be required to obtain approval of the share consolidation from the TSX Venture Exchange. If the share consolidation is completed on an eighteen (18) to one (1) basis, Garrison would have approximately 9,626,744 common shares outstanding, post-consolidation.

The proposed share consolidation and name change are subject to the approval, by special resolution, of the shareholders of Garrison and to the approval of the TSX Venture Exchange.

About Garrison

Garrison is a junior mineral exploration company focused on acquiring and developing advanced stage gold properties in Mongolia. For complete details on Garrison, management encourages investors and interested parties to view its public documents filed on SEDAR at www.sedar.com.

Forward-Looking Information

Certain information contained in this news release may be "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the impact of the share consolidation on the Company. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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