Module Resources Incorporated
TSX VENTURE : MLE

Module Resources Incorporated

January 31, 2011 19:35 ET

Module Resources Retains Investor Relations Firm

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2011) -

NOT FOR DISTRIBUTION IN THE UNITED STATES.

Module Resources Incorporated (TSX VENTURE:MLE) announces that it has entered into an investor relations agreement with Stone Communication Services Limited ("SCS") of Toronto, Ontario (the "Agreement"). SCS specializes in the execution of tailored, strategic communication programs for emerging companies and will introduce the Company to its network of brokers, analysts and portfolio managers. SCS is a wholly owned subsidiary of Stone Investment Group Limited.

The Agreement has an initial term of one year, pursuant to which SCS will provide investor relations services to the Company including the development of strategies relating to investor awareness and fostering broker and analyst interest in the Company's activities. As compensation for its services, SCS will receive a retainer fee of $5,000 per month, reimbursement for related expenses and, subject to approval by the TSX Venture Exchange, a grant of an aggregate of 400,000 options to purchase common shares in the Company. The options will expire three years from the date of grant. 250,000 options will be priced at $0.10, with the remaining 150,000 options priced at $0.15, respectively.

ON BEHALF OF THE BOARD OF DIRECTORS

"Bruce W. Downing"
Bruce W. Downing, M.Sc., PGeo., Hon.FEC
President & Chief Executive Officer

Caution concerning forward-looking information

This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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 the accuracy of this press release. We seek Safe Harbor.

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