SOURCE: Sarissa Resources, Inc

November 04, 2009 09:30 ET

Sarissa Resources Inc. November Exploration Update

OAKVILLE, ON--(Marketwire - November 4, 2009) - Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to release further results from the summer trenching program in the SE Zone, on its 100% owned niobium property in northern Ontario. During the summer four trenches were opened up to test for continuity of the mineralization reported in previous programs.

The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where forty-nine 2.5 metre continuous channel samples were collected along trench 09-5A and submitted for assaying. The average grade over the full 122.5 metre length of the trench was 0.35% Nb2O5. Results of the first sample submitted were previously released. The remaining assays have been received from Activation Laboratories in Ancaster. The assays will be made available on the Sarissa Resources website shortly.

In the 49 samples submitted for assay, highlights included 2 samples of greater than 1% Nb2O5 and 10 samples greater than 0.5% Nb2O5. As well as the significant Nb2O5 results, the samples returned anomalous values of tantalum and uranium, along with 2 samples of greater than ten thousand ppm total rare earth elements.

Of additional significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. A follow-up drilling program has been initiated to test the areas underneath the zone exposed during the trenching program.

The SE Zone "occurs 1500 metres south east of the Hawke [formerly the 'D'] Zone. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m." ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc." -- July 21, 2009 -- Billiken Management Services Inc.)

Metallurgical Testing

The first phase metallurgical testing of ore from the Nemegosenda property has been completed by SGS Lakefield Research Limited and no barriers to extraction have been identified. This correlates well with the previous $1,000,000 of metallurgical research conducted by Dominion Gulf Company in conjunction with the Colorado School of Mines Research Foundation in 1959-1960. The next stage metallurgical testing will focus on a more detailed mineralogical study.

Shining Tree Gold Project

Drilling has been completed at the Company's Shining Tree gold project where 2 holes totaling 300 metres were drilled under 2 of the exposed surface stock-work systems. Logging of the core is now underway.

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.

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