Parlane Resource Corp.
TSX VENTURE : PPP

Parlane Resource Corp.

October 09, 2012 10:00 ET

Parlane to Commence Drill Program at the Big Bear Project in Central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2012) - Parlane Resource Corp. (TSX VENTURE:PPP) ("Parlane" or the "Company") is pleased to announce that it will begin a drill program at its Big Bear property ("Big Bear") on the Nechako Plateau. Big Bear is situated between two mineralized systems: New Gold Inc.'s Blackwater and the Capoose properties.

Field work that occurred during 2011 and 2012 identified 5 target areas (see Parlane news release October 2, 2012 www.parlaneresource.com) that will be drill-tested this fall. The drill sites are easily accessed by a dense logging road network and it is anticipated that the planned 2,000 metres of core drilling will be completed before the end of November. Core samples will be sent to an accredited laboratory and results will be reported as soon as they are available.

The Big Bear property is located in the Omineca Mining Division, Nechako Plateau in central British Columbia, approximately 100 kilometres south of Vanderhoof, and contains 14,366 hectares.

Ian Webster, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this release.

ON BEHALF OF THE BOARD

Robert Eadie, President, Chief Executive Officer and Director

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 accuracy of this release.

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