Mukuba Resources Limited

Mukuba Resources Limited

July 14, 2010 10:24 ET

Mukuba Mobilizes Second Drill Rig as Drilling Progresses at the Northcore Project, Zambia

TORONTO, ONTARIO--(Marketwire - July 14, 2010) - Mukuba Resources Limited (TSX VENTURE:MKU) ("Mukuba" or the "Company") is pleased to announce that it has mobilized a second diamond drill rig to test various high priority targets within the larger exploration license area on the Northcore Project, located southwest of Ndola, Zambia.

Layne Drilling, operating out of Ndola, mobilized the additional drill rig to the Target 17 area where coincident soil geochemical and VTEM, electromagnetic conductors will be tested.

A total of 773 metres of diamond drilling has been completed to date by the two drill contractors in 4 holes (2 completed, 2 in progress) of the anticipated 10,000 metre programme. Split core sampling is ongoing and samples from the first borehole completed at Target 18 have been submitted for assay to SGS Mineral Services (Zambia) in Kalulushi.

In addition, regional soil sampling across various new target areas is expected to be completed during July 2010. It is anticipated that additional drill targets will be identified and selected based on the level of coincidence between the new soil geochemical survey and airborne geophysical results.

Trevor Richardson, President and CEO of Mukuba Resources commented, "Our 2010 drilling program is in full swing and the mobilization of Layne not only gives us a second drill rig but also gives us the flexibility to test a greater number of targets during the current drill season. We look forward to receiving drilling and soil sampling results over the next few weeks."

Qualified Person

Mr. Chris Meyer (Pr.Sci.Nat.) is a "Qualified Person" as defined by National Instrument 43-101 and oversees Mukuba's exploration programs. Mr. Meyer has supervised and approves the preparation of the technical information contained in this press release.

About the Company

Mukuba is a Canadian mining company focused on the exploration and development of the Northcore Project, which is located in the highly prospective Central African Copperbelt region of Central Zambia. The Northcore Project encompasses approximately 2,274 square km of geologically prospective ground in the Domes Region of the Zambian Copperbelt. The Northcore Project holds an exploration license for both copper and cobalt. Geological mapping, soil sampling and investigation of the historical showings as well as ground-truthing of the geological surveying results have confirmed existing historical geological anomalies, and identified new anomalies. The Company's 2009 exploration program included drilling several of these anomalies and confirmed the presence of copper mineralization.

Forward-looking Information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

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