Razor Resources Inc.
OTC Bulletin Board : RZOR

Razor Resources Inc.

December 30, 2010 09:01 ET

Razor Resources Inc. Announces Positive Results in Exploration and Increased Production From Company's Clavo Rico Mining Project

SEAL BEACH, CALIFORNIA--(Marketwire - Dec. 30, 2010) - RAZOR RESOURCES INC. (OTCBB:RZOR) (www.razorresourcesinc.com), a fully reporting company engaged in the exploration and production of gold from its wholly owned mining properties, today announced that the Company has received initial positive results in the exploration and progress of developing the Clavo Rico mining project located in the Choluteca region of Honduras. Assays on drill hole 03/CR/5 have returned initial results of 14.9 grams per tonne over 90 feet. The drilling project continues to produce exceptional results confirming the continuity of mineralization on the property.

"We are pleased that we have continued to intercept high grade mineralization on the Clavo Rico property, and we will continue to aggressively explore the project," stated Sam Nastat, President of Razor Resources Inc. As the mining development continues to move forward, RZOR will continue to update shareholders on the latest results and progress. For a full account of Razor Resources corporate objectives, contact information, and a copy of the 43-101, please visit the Company's website at www.razorresourcesinc.com.

About Razor Resources Inc.:

Razor Resources Inc. (OTCBB:RZOR) (www.razorresourcesinc.com) is a Los Angeles, CA based gold exploration and production Company engaged in gold mining and its associated activities including: exploration, extraction, processing, and reclamation. The Company specializes in sustainable, low-cost gold production and currently owns and operates the Clavo Rico mine in the Choluteca region of Honduras. Razor Resources Inc. (OTCBB:RZOR) is one of the few junior resource companies to reach 'production status' - and is focused on increasing Gold production on an annual basis. The Company currently produces over 200 Ounces of finished, Pure Gold per month with room for expansion and necessary infrastructure in place to handle the increase. Additional income is received through production services provided to other mining companies in the area.

Forward-Looking Statements:

This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, continuing production from the "Clavo Rico Mine", or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the concessions, their production, and their potential.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information