SOURCE: Sarissa Resources, Inc.

December 22, 2008 10:30 ET

Nemegosenda Project Drilling Update

BAY CITY, MI--(Marketwire - December 22, 2008) - Sarissa Resources, Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to provide this update on the 2008 Phase One diamond drilling program of the main D Zone on its Lake Nemegosenda Carbonatite property near Chapleau in Northern Ontario. The program is aimed at increasing geological confidence in the historically reported resources*.

Three new holes have now been completed and the core transferred to a secure facility for logging, radiometric analysis and splitting. The first samples have been sent for assaying for the presence of niobium, tantalum, and rare earth elements. 68 holes had previously been drilled on the property by Dominion Gulf Company which outlined 2 main areas of mineralization, the D Zone, and the East Zones*.

Target Area   Sarissa Hole   Easting m     Northing m    Azimuth    Depth
                Number                                             Reached
D Zone         DDH-08-69      344,450      5,320,475     Vertical   200 m
D Zone         DDH-08-70      344,500      5,320,475     Vertical   250 m
D Zone         DDH-08-71      344,425      5,320,425     Vertical   200 m

The company looks forward to keeping our shareholders informed in the coming weeks through timely updates.

* These reported resources are historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however they are considered material to the prospectivity of the Nemegosenda Project. A "qualified person," as defined under NI-43-101, has not done sufficient work to comment on the relevance or reliability of these historical estimates. The company is not treating the historical estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Sarissa currently does not have access to more recent estimates or data relating to the Lake Nemegosenda property, except as outlined in this and previous news releases.

Alan Hawke, BSc. MSc. (Geology), a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed the technical information contained in this news release.

About Sarissa Resources

Sarissa Resources is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information