International KRL Resources Corp.

International KRL Resources Corp.

March 15, 2005 18:51 ET

International KRL Resources Corp.: Property Option


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL KRL RESOURCES CORP.

TSX VENTURE SYMBOL: IRK

MARCH 15, 2005 - 18:51 ET

International KRL Resources Corp.: Property Option

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2005) -
International KRL Resources Corp. (TSX VENTURE:IRK) is pleased to
announce that it has entered into an option agreement with Essendon
Solutions Inc. (ESO) to earn 50% interest in the uranium mineral claims
(Claim Number S-107579, over 2,426 hectares). The claims are situated on
the Carswell Dome, Athabaska Basin, Saskatchewan.

According to the terms of the agreement, ESO shall have the right to
earn 50% interest in the property by paying $25,000 and issuing up to
200,000 common shares in the capital of ESO at a deemed price of $0.25
to International KRL Resources Corp. and fulfilling a work commitment of
$100,000 on exploration and development on the property over 3 years.
The $25,000 cash payment and 100,000 of the common shares will be paid
and issued to International KRL Resources Corp. within 5 days of TSX
Venture Exchange approval. ESO will issue 50,000 common shares to
International KRL Resources Corp. on the first and second anniversary of
the TSX Venture Exchange approval date. TSX Venture Exchange accepted
the property agreement for filing on March 14, 2005.

For more information on International KRL Resources Corp. please visit
www.krl.net and the SEDAR and EDGAR websites.

ON BEHALF OF THE BOARD

Seamus Young, President

Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known
and unknown risks, uncertainness and other factors that may cause the
actual results to differ materially from those anticipated in our
forward looking statements. Although we believe that the expectations in
our forward looking statements are reasonable, actual results may vary,
and we cannot guarantee future results, levels of activity, performance
or achievements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International KRL Resources Corp.
    Mr. Seamus Young
    President
    (604) 689-0299 or Toll Free in U.S.A.: 1-800-665-3772
    (604) 689-0288 (FAX)
    info@krl.net
    www.krl.net
    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein.