Liard Resources Ltd.

March 20, 2009 17:15 ET

Liard Resources Ltd. Meeting Date Set for Shareholder Meeting

CALGARY, ALBERTA--(Marketwire - March 20, 2009) - Jan Alston, President of Liard Resources Ltd. (the "Company") announces that the Company has, pursuant to an interim court order received today from the Calgary Court of Queens Bench, set a meeting date of April 23, 2009 at which the shareholders of the Company will be asked to approve, among other matters, the proposed transaction announced on December 5, 2008 with Silver Royal Apex., Inc. ("Silver Royal") of Wallace, Idaho. The Company has entered into a formal arrangement agreement dated March 17, 2009 with Silver Royal to acquire its 50% interest in the Silver Valley Two Mile Joint Venture, located in Shoshone County, Idaho. The Two Mile properties are comprised of approximately 710 unpatented claims and 3 patented claims. Under the terms of the proposed arrangement, Liard will issue 23,000,000 shares from treasury to the shareholders of Silver Royal at a value of $1,150,000 and Silver Royal will cause its Two Mile Joint Venture interest to be transferred to a wholly owned subsidiary of Liard. Completion of the arrangement is subject to various conditions, including shareholder approval, receipt of final court approval, revocation of the current cease trade orders, and financings totalling $5,950,000.

The Company has applied to the Alberta, Ontario and British Columbia Securities Commissions for a revocation of the cease trade order respecting the Company's securities. The Company has filed on SEDAR its audited financial statements for the years ended December 31, 2008, 2007 and 2006, together with related materials.

Liard was an investment holding company with shareholdings in public junior oil and gas exploration and production companies. Substantially all of these investments were sold in 2006 and the net proceeds were distributed to the Company's shareholders as dividends. In 2007 and 2008 the Company was inactive. Successful completion of the proposed transaction with Silver Royal will re-activate the Company as a junior mining exploration company. The name of the Company, pending shareholder approval, will be changed to Royal Apex Ventures, Inc. It is anticipated that Jan Alston and Bruce Murray will remain on the board of the Company after completion of the transaction, and that management of the Company will be assumed by representatives of Silver Royal, with Justin Rice becoming Chairman of the Board and Mark C. Russell, of Spokane, Washington, taking the position of President and CEO.

WARNING: the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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