Sanu Resources Ltd.

Sanu Resources Ltd.

November 20, 2007 15:53 ET

Sanu Acquires Two Gold Exploration Permits in Niger

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2007) - Sanu Resources Ltd. ("Sanu") (TSX VENTURE:SNU) is pleased to announce that it has acquired two highly prospective gold exploration permits, Sakoira 1 (488.8 sq. km) and Sakoira 2 (484.0 sq. km), from the government of the Republic of Niger. The projects are accessible by paved road less than two hours from the capital city of Niamey.

The Samira Hill/Libiri group of deposits (43.9 Mt @ 1.43 g/t Au; 2.02 million ounces Au) were the first economic gold discoveries made in Niger, but during the downturn in precious metals prices in the late nineties, exploration activity in the country declined to almost nothing. The gold exploration potential of the country remains very high with early stage prospects such as Sakoira remaining untested.

Work by a previous operator defined a cluster of gold in stream sediment anomalies 15 km long around the northeastern termination of a granitoid intrusion exposed near the village of Sakoira. Major northeast trending shear zones, deflected around this granite body merge in the Sakoira I and II permits providing a favorable structural environment for orogenic gold mineralization. Other more dispersed gold anomalies occur further northeast along the trend of the regional shear zones.

An earlier operator completed a ground magnetic survey, 665 m of trenching and collected 3558 samples from stream sediment, soil, termite mound and rock. Trenching on artisanal workings near Sakoira intersected low grade mineralization up to 0.4 g/t over 39 m, including 1.84 g/t over 2 m and 1.42 g/t over 4 m but most anomalous stream sediment anomalies were not followed up.

Sanu believes the structural environment around the granite intrusion and the merging shear zones provide an excellent exploration environment for gold mineralization. As a first step in Sanu's exploration program, the higher value stream sediment gold anomalies will be verified and followed up with mapping, soil and regolith geochemistry.

This acquisition is subject to a consulting and finders fee agreement under which Sanu will make a payment consisting of 10,000 common shares at a deemed price of $1.05 per common share and 10,000 share purchase warrants entitling the consultant to purchase up to 10,000 common shares of Sanu at a price of $1.05 per common share for a period of two years from date of issuance. The issuance of these securities is subject to regulatory approval, and if regulatory approval is received, these securities will be subject to a four month and one day hold period commencing on the date of issuance.

Dr. Demetrius Pohl, Ph.D., a Qualified Person as defined by National Instrument 43-101 and Vice President of Exploration for Sanu, has reviewed and verified the technical information contained in this news release.

On Behalf of the Board

Wojtek A. Wodzicki, President and CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information