SOURCE: Steele Resources Corporation

June 30, 2011 17:11 ET

Steele Resources Corporation Announces Engagement of Northland Capital Markets

CAMERON PARK, CA--(Marketwire - Jun 30, 2011) - Steele Resources Corporation (the "Company", "SRC") (OTCBB: SELR) reported today that it has engaged Northland Capital Markets ("Northland") to provide strategic advice. The Company believes Northland's acknowledged experience with Metals and Mining companies in capital raising activities, mergers and acquisitions, and other matters will assist the Company in making key strategic decisions.

Company CEO Scott Dockter stated, "Steele Resources is taking steps to move itself out of the exploration arena and become a producer of strategic minerals and precious metals. The mark has been set high and SRC is working to establish revenue through mineral production with a goal of qualifying for a listing on the AMEX. With the help of Northland, we believe this goal is achievable."

About Northland Capital Markets

Northland Capital Markets is a full-service capital markets group focused on growth companies and their institutional investors. Northland focuses on building long-term relationships with the nation's leading institutional investors and to provide capital markets and financial advisory services to corporate clients. Northland provides institutional sales, equity research, trading and investment banking services and has industry sector expertise in Alternative Energy, Business Services, Consumer, Healthcare, Financials, Metals and Mining, and Technology. Northland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member FINRA/SIPC.

About Steele Resources Corporation:

Steele Resources Corporation is a precious metals and mineral exploration company operated by professionals with extensive exploration, mining, and public market experience. The Company is working to become an active metal and mineral producer through exploration, acquisitions, mergers, and by developing its existing portfolio of properties.

More information about Steele Resources Corporation can be found at www.steeleresources.com.

Safe Harbor Statement

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Resources Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Resources Corp. cautions investors that any forward-looking statements made by Steele Resources Corp. are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Resources Corp.'s mining properties, the unproven nature of and potential changes to Steele Resources Corp.'s business model, the risk that the capital and other resources that Steele Resources Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Resources Corp.'s most recent Form 10-K for 2010 and in Steele Resources Corp.'s other filings with the Securities and Exchange Commission.

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