Supreme Resources Ltd.
TSX VENTURE : SPR

Supreme Resources Ltd.

May 12, 2008 13:04 ET

Supreme Resources Ltd.: Ample-Goldmax Assay Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2008) - Supreme Resources Ltd. ("the Company") (TSX VENTURE:SPR) is pleased to announce new gold assay results for rock samples taken on the Ample-Goldmax Property near Lillooet, BC. In the same zone designated for this field season's diamond drilling exploration program, grab and chip samples have not only yielded visible gold, but also the following analytical results (Acme Labs).



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Fire Assays
Sample Gold (Au) Gold (Au)
Numbers g/t (gram per tonne) Troy oz/ton Length
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AGR08-01 18.01 0.5253 Grab, float
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AGR08-02 0.25 0.0073 Grab
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AGR08-03 6.79 0.1980 Chip across 0.25 m
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AGR08-04 29.01 0.8461 Chip across 1.5 m
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AGR08-05 2.90 0.0846 Chip across 1.0 m
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Samples AGR08-01 and 02 were taken in the area of a soil grid with elevated gold values not far from Highway 99 (see news release of September 2007 on soil results). Samples AGR08-03, -04, and -05 are from an outcrop of sheared, mineralized (free gold and sulphides) multi-layered quartz veins and veinlets within dark phyllite, a prime target of the next phase of exploration drilling.

Highlights of multi-element ICP-ES on the same samples include elevated values of copper (Cu), lead (Pb), arsenic (As), and iron (Fe) accompanying anomalous gold, suggesting that at least some of the gold is associated with sulphide mineralization. The samples were collected by property co-owner, Gary Polischuk of Lillooet, BC. The Qualified Person responsible for the geological portion of this news release is J.S. Getsinger, PhD, PGeo. Pending issuance of the necessary permits, the drilling program on the Ample-Goldmax Property is expected to start in late Spring or early Summer.

Expenditures for the Ample-Goldmax gold project are partially funded through a private placement by MineralFields Group (a division of Pathway Asset Management) a Toronto-based mining fund. Information about MineralFields Group is available at www.mineralfields.com.

Supreme Resources Ltd. is a growing resource company dedicated to generating profitable growth acquisitions, exploration and drilling opportunities throughout North America. Currently the Company has interests in a mineral project in the Lillooet Mining Division in British Columbia, Canada.

ON BEHALF OF THE BOARD

John Davies, Director

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Supreme Resources Ltd.
    John Davies
    Director
    (604) 662-3004, Ext 114/107
    (604) 662-3063 (FAX)
    or
    Supreme Resources Ltd.
    615 - 700 West Pender Street
    Vancouver, B.C., V6C 1G8