SOURCE: Oxbow Resources Corp

September 15, 2008 02:14 ET

Oxbow Resources Announces Corporate Update

DOVER, DE--(Marketwire - September 15, 2008) - Oxbow Resources (PINKSHEETS: OXWR), a company that is using innovative geological concepts and exploration technology to discover new gold and silver resources in well-established mineral belts, provides a corporate update.

Since Oxbow's last corporate update the Company has made excellent progress towards its goals of building an experienced team and listing on the OTCBB. During the past month Mr. James Laird has joined Oxbow resources as Vice President Exploration and has brought with him an impressive list of precious and base metal deposit discoveries, and over 30 years of experience as a mineral exploration consultant and exploration manager to major and junior mining companies. In addition Moore and Associates have recently completed an Audit of the past two year's financial statements ahead of schedule, and a power company has shown interest in producing power adjacent to Oxbows flagship Bristol Gold project.

"I am delighted to report that we are progressing successfully towards our short term goals of building a well rounded management team and being a fully reporting issuer listed on the OTC Bulletin Board," said Duke Fong, President and CEO of Oxbow Resources. "The past two months we have shown the ability to not only follow through with our business strategy, but do so ahead of schedule. With the addition of Mr. Laird Oxbow Resources can begin to develop and exploration plan for the Bristol Gold project located in BC Canada. An exploration plan along with the addition of more key personnel and an OTCBB listing are the next steps in creating shareholder value for Oxbow Resources."

Oxbow Resources focuses on the acquisition and development of high-quality gold properties in North America and other continents. The company's flagship property is the Bristol Gold project located in British Columbia, Canada. This project has a very promising 43-101 report which can be viewed at the company website. Bristol Gold is located less than 20 kilometers away from the Bralorne-Pioneer gold mine -- historically, the largest gold mine in western Canada.


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Cautionary Statement

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Oxbow Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change

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