SOURCE: Ruby Creek Resources, Inc.

Ruby Creek Resources, Inc.

September 13, 2011 13:56 ET

Ruby Creek Expands Gold Plateau Project Over 70% to 1500 Sq Km

NEW YORK, NY--(Marketwire - Sep 13, 2011) - Ruby Creek Resources, Inc. (OTCBB: RBYC), a gold exploration and mining company with operations in Tanzania, is pleased to announce the entering into agreements to acquire prospecting licenses for the mining and mineral rights to seven new properties, the Keigei, Tunduru North, Tunduru South, DB1, DB2 and DB3. All properties are adjacent to and contiguous within our Gold Plateau Project.

The Keigei Property is located at the eastern boundary and encompasses 200 sq km. Tunduru North is the largest of the newly acquired properties consisting of 222 sq km. It is located adjacent to and south of the Gold Plateau. Tunduru South shares the southern border of Tunduru North having a size of 155 sq km. Three additional strategically located properties DB1, DB2 and DB3, total of 48 sq km. have also been added to the Gold Plateau. The combined properties have increased Ruby Creek's Gold Plateau Project from 878 sq km by 71% to a total of 1500 sq km (579 sq miles). Ruby Creek is acquiring a 100% interest in all of the new properties totaling 622 sq km for total acquisition costs of $208,000. Closing is subject to receipt of final documents from the Ministry of Energy and Mines.

Robert Slavik, President and CEO of Ruby Creek said, "Another big step forward in achieving our Corporate Goals as outlined in our April 12, 2011 press release; Identifying and acquiring good strategic properties in our area of operation has been a priority. The new properties show considerable promise of continuing the extension of a large, highly prospective gold field. There are numerous local artisanal workings on the new properties, which in general have been an excellent precursor throughout Tanzania for finding significant gold trends."

About Ruby Creek Resources, Inc.
Ruby Creek Resources, Inc. (www.rubycreekresources.com) is a gold exploration and mining company. Ruby Creek operates in Tanzania through its subsidiaries, Ruby Creek Gold (Tanzania) Limited and Ruby Creek Resources (Tanzania) Limited. Ruby Creek is the operator of the Tanzania Gold Plateau Project, establishing operations and infrastructure, along with the permitting process in support of the full development and commencement of gold mining operations on the Project.

Forward-Looking Statements
This news release may include certain forward-looking statements. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. This notice expressly qualifies all forward-looking statements in this release. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors, which may be identified, from time to time in the Company's public announcements.

On behalf of Ruby Creek Resources, Inc.

Robert Slavik
President and CEO

Contact Information

  • For Further Information Contact:
    Toby Hansen
    Corporate Communications
    (212) 679-5711 ext 310
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