SOURCE: Sarissa Resources, Inc.

February 26, 2009 09:43 ET

Sarissa Resources, Inc. Announces Further Drilling Results From Nemegosenda Property

BAY CITY, MI--(Marketwire - February 26, 2009) - Sarissa Resources, Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) released assay results from Diamond Drill Holes 09-70 and 09-71. These vertical holes are part of the current 9-hole program designed to test the D Zone of the Company's Nemegosenda niobium property in northern Ontario. Hole 09-70 encountered significant grades of Nb2O5 material below the previously identified cut-off of the mineralized zone, as previously reported (Press Release Feb 17, 2009.)

DDH 09-70 was drilled to a depth of 245 metres and returned 0.4% Nb2O5 over 231 metres, from a depth of 14 metres to 245 metres. DDH 09-71 was drilled to 200 metres and returned a grade of 0.44% Nb2O5 over 64.5 metres from a depth of 14 metres to 78.5 metres. Detailed graphs of the assay results are posted on the Company's website: DDH-08-69; DDH-09-70; DDH-09-71.

The results from these holes continue to confirm and extend the known mineralized portion of the D Zone, including indicating the presence of further significant mineralization at depths below what had previously been reported in historic drilling results.

The Company is awaiting further assay results from the current program.

With the positive results being obtained in the D Zone, the Company has been re-assessing the historical data from the SE Zones. This area covers an area approximately 500 by 1200 metres that was originally drilled by Dominion Gulf Company ("Gulf") in the 1950's. Nine of the holes that Gulf had drilled were re-analyzed by Musto Explorations Ltd. ("Musto") in 1988. These cover an area of some 700 x 400 metres, to a depth of some 200 metres. The weighted average from 1393 metres of "re-assays" was 0.35% Nb2O5. Note that the results from the original drilling and re-assaying in 1988 are historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however they are considered material to the prospectivity of the Nemegosenda Project. A "qualified person," as defined under NI-43-101, has not done sufficient work to comment on the relevance or reliability of these historical estimates. The company is not treating the historical estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Sarissa currently does not have access to more recent estimates or data relating to the Nemegosenda property, except as outlined in this and previous news releases.

Sarissa Resources CEO Scott Keevil commented, "The results from the current drilling program continue to confirm and increase our confidence in the historic drilling records. With that in mind, our geologists are now re-evaluating the historic drilling, and the re-assays, of the SE Zones, and we hope to do some confirmation drilling in this area soon."

The Company looks forward to keeping its shareholders informed in the coming weeks through continued updates, as further results are obtained and analyzed.

Alan Hawke, BSc. MSc. (Geology), a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed the technical information contained in this news release.

About Sarissa Resources

Sarissa Resources is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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