|November 22, 2010|
Kirrin Resources Awarded $100,000 Grant By N&L for Lost Pond Project
|Calgary, Canada: Kirrin Resources Inc. (TSX Venture: KYM) today announced that it has been advised by the Department of Natural Resources of the Province of Newfoundland & Labrador (DNRN&L) that Kirrin's application for Junior Exploration Assistance under the DNRN&L Minerals Incentive Program has been successful. The grant of $100,000 will be used for the drilling program at the Lost Pond uranium project scheduled to commence shortly.|
Kirrin President and CEO Derek Moran commented: "The Junior Exploration Assistance program is just one example of the encouragement we have received since we commenced exploration in the Province of Newfoundland & Labrador. Its Department of Natural Resources has been of considerable support to Kirrin, displaying both pragmatism and commercial understanding."
Kirrin also announced that it expects the private placement announced on October 26, 2010 to close on or about November 26, 2010.
Additional information relating to Kirrin is available on Kirrin's web site at www.kirrinresources.com and on SEDAR at www.sedar.com.
Kirrin is engaged in uranium and rare earth element exploration in Newfoundland & Labrador, Quebec and Saskatchewan and in the expansion of its portfolio through acquisition, merger, strategic partnership or joint venture. Its strategy is well defined: enhancing shareholder value by combining technical expertise, corporate development skills and professional management. Kirrin's shares trade on the TSX Venture Exchange under the symbol KYM.
FOR FURTHER INFORMATION PLEASE CONTACT:
Derek J Moran, President, Kirrin Resources Inc.
27 82 440 3426
Robin Cook, Account Manager, CHF Investor Relations
To receive company news releases via e-mail, please advise [email protected] and specify "Kirrin News" in the subject line.
Neither 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.
Forward-looking information: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those expressed or implied by such forward-looking information. Risks include delays in obtaining or failure to obtain regulatory approval. Except as required by applicable securities legislation, the Company undertakes no obligation to publically update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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