Sarissa Resources Inc. announced that the preliminary analytical results from step out hole DDH-10-83 have identified an extensive new zone of Nb2O5 mineralization.

The Company's ongoing analysis of current and past geophysical data had led to the testing of an anomaly approximately 400 meters to the south of the existing mineralized area within the Southeast Zone. The anomaly was identified through an independent geophysicist's interpretation of the Ontario Geological Survey's (OGS) total magnetic intensity data from its Kapuskasing airborne geophysical survey and from the earlier ground and airborne geophysical work done on the property.

DDH-10-83 was located to test this anomaly and was drilled at an azimuth of N 45 degrees E and an inclination of -45º to a total depth of 416 meters. Assays to date have been received for the first 308 meters of core, with the remaining assays expected shortly.

Niobium mineralization was encountered in this hole from bedrock surface, and significant niobium concentrations of 0.31% over a 103.5-meter width were obtained in a depth interval between 182 and 285.5 meters down hole. These grades are consistent with the historical grades obtained within the Southeast zone by Dominion Gulf Resources in the late 1950's and early 1960's. In addition to the Nb2O5 mineralization encountered, assays for Ta2O5 returned 266 parts per million over a 50-meter interval from 188 meters to 238 meters down-hole.

Scott Keevil, Sarissa CEO, commented, "These are very good results considering the distance of this step-out hole. Our geological team is eagerly awaiting the final assay results for this hole."

Mr. Warren Hawkins, Exploration Manager, commented, "This result is significant in that it supports management's theory that the entire outer rim of the Nemegosenda intrusive complex is potentially host to niobium mineralization. Interpretation of the OGS magnetic data indicates that the circumferential strike length of the outer rim of the complex is approximately 13.9 kilometres. To date, exploration work has only tested 2.8 kilometers of this strike length. By continuing to drill step out holes along the outer rim, Sarissa has excellent potential to substantially increase niobium reserves at the Nemegosenda property."

The Company has now entered into property agreements covering virtually all of the potentially mineralized ground within the complex.