Sanu Resources Ltd.

Sanu Resources Ltd.

July 18, 2007 08:30 ET

Sanu Announces Additions to Board and Management and Expanded Exploration and Acquisition Strategy

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2007) - Sanu Resources Ltd. ("Sanu" or "the Company") (TSX VENTURE:SNU) is pleased to announce changes to its board of directors and management team that strengthen Sanu's association with the Lundin Group and provide the Company with additional management and board expertise that will propel an expanded exploration and acquisition effort throughout Africa.

Mr. Paul Conibear has joined the board of directors and has been appointed Chairman of the Company. Mr. Conibear brings to Sanu over 25 years of experience in the mining industry most recently as the President and CEO of Tenke Mining where in partnership with Freeport/Phelps Dodge he was instrumental in the effort to advance the world-class Tenke-Fungurume copper-cobalt project in the Democratic Republic of Congo.

Mr. John Lucking, a founding board member of Sanu, has concurrently resigned from the Board. Mr. Lucking has served as a director of Sanu since its public listing in 2004 and was one of the original founders of the Company in 1997. Sanu wishes to acknowledge Mr. Lucking's important contribution to the growth and development of Sanu and express its thanks for his significant financial support and work on behalf of the Company. Dr. Demetrius Pohl has also resigned from the Board. Dr. Pohl will continue with the Company in his present role as Vice President of Exploration. Dr. Pohl has spent 17 of his more than 40 years of gold and base-metal exploration experience in Africa and has been instrumental in the growth of Sanu. During more than 10 years with BHP's African exploration team he was involved in several significant discoveries including, the Syama and Sadiola deposits in Mali, the Essakan deposit in Burkina Faso, and the Golden Pride deposit in Tanzania.

Ms. Wanda Lee has been appointed Chief Financial Officer of the Company, replacing Mr. David Miles. The corporate secretarial functions will be transferred, therefore Ms. Kim Casswell will be resigning as Corporate Secretary. The Company wishes to express its thanks to Mr. Miles and Ms. Casswell for their work and support.

Going forward the Board and Management of Sanu comprises the following:


Mr. Brian Bayley
Mr. Richard Clark
Mr. Paul Conibear
Mr. Neil O'Brien
Mr. Michael Winn
Mr. Wojtek Wodzicki


Mr. Paul Conibear, Chairman
Dr. Wojtek Wodzicki, President and Chief Executive Officer
Dr. Demetrius Pohl, Vice President Exploration
Ms. Wanda Lee, Chief Financial Officer

In conjunction with the above Board and Management changes, the corporate head office will be moved to:

Suite 2101 - 885 W. Georgia Street
Vancouver, BC
Canada V6C 3E8

Tel: 604-689-7842
Fax: 604-689-4250

Sanu's current assets include several highly promising projects in the emerging gold-rich, volcanic-hosted massive sulphide belt of western Eritrea, most notably the large polymetallic massive sulphide deposit at Hambok, located 15 kilometres southwest of Nevsun Resources' world-class Bisha project. In addition, the Company has several exciting gold and base metal exploration projects in Burkina Faso as well as Morocco. The Company has assembled an experienced African exploration team with an expanded mandate to aggressively explore for and acquire world class copper, zinc, and nickel projects throughout Africa.

Over the next few months the Company will focus on the evaluation and acquisition of projects that were identified in a recent management review of advanced exploration opportunities in several prospective regions of Africa. The strategy includes evaluating and acquiring known resources with exploration upside in high potential but under-explored regions as well as developing earlier stage exploration plays that be quickly moved to drill stage. The latter approach was instrumental in Sanu's recent discovery of Hambok. The local exploration teams in Eritrea and Burkina Faso will focus on advancing their portfolio of earlier stage projects to the drill stage. Drill programs are planned for later in the year.

As part of the Lundin Group of companies Sanu will benefit from a broad exposure to Africa and in particular to an operating infrastructure on that continent. With a solid balance sheet and the strong financial support of its largest shareholder, Lundin Mining (13%), Sanu is well positioned to fund its current projects and to aggressively acquire new projects with world class potential.

In addition, Sanu announces the grant of 575,000 incentive stock options exercisable at CDN$1.60 per share for a period of five years to certain directors, officers and consultants of the Company.

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

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