SOURCE: Supreme Resources Ltd.

November 08, 2010 10:14 ET

Supreme Resources Completes TAS, Verde Drilling, Continues Exploration

COQUITLAM, BC--(Marketwire - November 8, 2010) -


                             SUPREME RESOURCES LTD
                               3620 Crouch Avenue
                                 Coquitlam, BC
                                    V3E 3H4

November 8, 2010
Trading Symbol: SPR - TSX.V
SPRWF - US OTC

SUPREME RESOURCES LTD. (the "Company") is pleased to announce the completion of the 2010 diamond drilling programs on the TAS & Verde Projects.

Eight NQ and BQTK diamond drill holes for a total of 461.92 meters tested the Verde showing. The deepest hole was drilled to a depth of 122.53 metres. Disseminated and fracture related malachite and chalcopyrite were encountered in the drill holes.

The samples from the first 3 drill holes from the Verde Property have been submitted to Eco Tech Laboratory Ltd. of Kamloops, B.C., an accredited laboratory and subsidiary of Alex Stewart Group Ltd. for analysis and results are pending. Logging and sampling of the remaining drill core is in progress.

Four NQ diamond drill holes for a total of 200.26 metres tested the South prospect at the Tas Project. Potassic and propylitic alteration and fine grained sulphide mineralization were encountered in the drill holes. Logging and sampling of the drill core from the Tas South prospect will be started upon completion of the sampling from the Verde Project.

Soil sampling has been completed on the southern portion of the Tas claim, and 358 soil samples submitted to Eco Tech Laboratory Ltd. for analysis. The Company is continuing its exploration efforts on the TAS Project with line cutting in preparation for an upcoming induced polarization survey over the TAS North, Central and South prospects.

Previous assays from the 2010 trenching & sampling programs on the TAS & Verde Projects returned results of up to 0.80 % copper and 11.3 grams/tonne silver and 9 metres of 0.49% copper, 6.86 grams/tonne silver and 0.046 gram/tonne gold respectively.

The Company's TAS & Verde projects are located in the Copper Mountain Mining Camp, approximately 160 kms east of Vancouver and 17 kms southeast of the town of Princeton in southern British Columbia. The claim adjoins the Copper Mountain Mining Corporation's property (Similco Mines) on its southeastern boundary. Its Verde Project is located 14 kms south of Princeton, British Columbia and 4 kms northeast of Copper Mountain Mining Corporation's Copper Mountain mine.

The current 2010 measured and indicated resources at the Copper Mountain mine are 518.6 million tons of 0.31 per cent Cu containing 3.2 billion pounds of copper with gold-silver credits. The Copper Mountain mine is 75 per cent owned by Copper Mountain Mining Corporation and 25 per cent owned by Mitsubishi Materials Corporation. The construction of the Copper Mountain mine is on schedule for full production in 2011, producing 100 million pound of copper concentrate annually.

Assay results will be released as they become available.

Further news will be forthcoming in the near future.

ON BEHALF OF THE BOARD

"Allan Levien"
Allan Levien
President

About Supreme Resources Ltd:

Supreme Resources Ltd. (TSX.V: SPR) is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources' goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.

Website: www.supremeresourcesltd.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission, Alberta Securities Commission and the US Securities and Exchange Commission.

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Source: Supreme Resources Ltd. via Thomson Reuters ONE

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