SOURCE: Sarissa Resources, Inc.

March 23, 2010 09:30 ET

Sarissa Resources Inc. Nemegosenda Hawke Zone Drilling Update

OAKVILLE, ON--(Marketwire - March 23, 2010) -  Sarissa Resources Inc., ("Sarissa" or the "Company") (PINKSHEETS: SRSR), is pleased to announce further results from the recent diamond drilling programs on its 100% owned niobium property in northern Ontario. Three additional vertical holes were completed in the Hawke Zone to test for eastern extensions of the ore-zone originally identified by Dominion Gulf and confirmed by Sarissa's first drilling program. Further details on the Company's previous drilling can be found in the Technical Report ( prepared by Billiken Management Services Inc. in July 2009.

Results for DDH-09-80 have expanded the previous known area of niobium mineralization in the Hawke Zone. This hole was collared 50 meters east of DDH-09-73 and drilled to a vertical depth of 271 meters. Significant intersections are as follows: 0.32% Nb2O5 over 74 meters (from 12.5m to 86.5m downhole), 0.32% Nb2O5 over 67.5 meters (from 103m to 170.5m downhole), and 0.46% Nb2O5 over 60 meters (from 191.5 m to 261.5 m downhole).

Mr. Scott Keevil, President, commented, "Sarissa's geological team is extremely pleased with these results in that they demonstrate that the Hawke zone, which occupies a portion of the northeast corner of the Nemegosenda Intrusive Complex, alone has the potential to host significant niobium reserves. To date, current and historical exploration work has only tested 2.8 kilometers of the 13.9 kilometers of the circumferential strike length of the Nemegosenda Intrusive Complex outer rim, consequently the exploration potential here is significant."

Further drilling results from the SE Zone program are expected shortly.

Warren Hawkins, P.Eng is a "qualified person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.

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.

About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project.

Contact Information