Adamus Resources Limited - Deeper Drilling at Anwia Intersects 15m @ 24.4g/t Gold



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN  THE UNITED STATES/

    PERTH, Western Australia, March 1 /CNW/ - Adamus Resources Limited (the
"Company") (ASX and TSXV: ADU) has continued its exploration drive whilst it
completes its Definitive Feasibility Study scheduled for the end of this
quarter. As a result, the Directors of Adamus Resources are pleased to
announce assay results from the first five diamond core holes targeting deeper
mineralization at the Anwia Deposit. The program, which includes 19 diamond
core holes, has been designed to extend and infill mineralization on the
margin of higher gold price pit shells.
    The intersection in AWRCD099 of 15m @ 24.4g/t gold at a vertical depth of
only 115m has both confirmed and enhanced the deeper high grade mineralization
within the Anwia deposit. The intersection has also clearly highlighted the
potential for further discoveries beyond the current resources.

    
    Anwia Deposit - Diamond Core Drill Program (greater than 10 gram/metres)
    -------------------------------------------------------------------------
                                          From      To      Interval   Grade
    Hole ID         Easting   Northing  (metres) (metres)   (metres) (g/t Au)
    -------------------------------------------------------------------------
    AWRCD097         575443     550911      37       41        4(*)     9.72
                                           152      154        2        8.28
    -------------------------------------------------------------------------
    AWRCD098         575480     550940      35       40        5(*)     1.99
                                            95      104        9        6.13
    -------------------------------------------------------------------------
    AWRCD099         575453     550951      58       60        2(*)     11.6
                                           130      145       15        24.4
                             including     135      141        6        58.3
                                           172      182       10        1.82
    -------------------------------------------------------------------------
    AWRCD104         575398     551067     168      183       15        1.25
    -------------------------------------------------------------------------
    AWRCD105         575435     551099     261      269        8        3.69
                                           284      288        4        2.97
    -------------------------------------------------------------------------
    AWRCD119         575409     550952       9       15        6(*)     14.5
    -------------------------------------------------------------------------
                                            58       61        3(*)     6.61
    -------------------------------------------------------------------------
    Note:  Full details of Anwia South Project drill results are provided in
           Appendix One.
    

    The remainder of the diamond core drill program will be completed over
the coming weeks with results made available at the earliest opportunity.

    Anwia Deposit - Background
    --------------------------
    The Anwia Deposit, located approximately 9km west of the Salman Deposit,
contains a resource base of 6.3 Mt @ 2.4g/t for 470,000 oz gold (Measured and
Indicated) and 2.4Mt @ 2g/t for 150,000 oz gold (Inferred).
    The surface expression of the Anwia Deposit consists of extensive,
shallow dipping quartz veining, extending over several hundred metres of
strike. Previous explorers completed a number of exploration programs
involving both RC and diamond core drilling, intersecting multiple zones of
gold mineralization within the top 150 metres.
    Following Adamus' first resource estimate for the Anwia Deposit in
July 2004, the Company focused its efforts on extending mineralization at
depth and building a more detailed geological model for the deposit. A series
of focused RC and diamond core drill programs over the past two years has seen
the resource base for the deposit triple.
    Detailed information on all aspects of the Company's activities can be
found on the Company's comprehensive website www.adamusresources.com.au.

    Kind regards
    ADAMUS RE

SOURCES LIMITED (signed) Ian Cunningham -------------- COMPANY SECRETARY Information in this announcement pertaining to exploration results was compiled by Hamish Halliday, a director of Adamus, who is a Member of The Australasian Institute of Mining and Metallurgy and a "Qualified Person" under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Hamish Halliday has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code. Hamish Halliday consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears. Information in this announcement pertaining to mineral resources was compiled by Gary Brabham, a director of Adamus, who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists and has more than 5 years experience in estimation of recoverable resources in gold deposits. He qualifies as a "Qualified Person" under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Gary Brabham has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the JORC Code. Gary Brabham consents to the inclusion in the announcement of the matters based on this information in the form and context in which it appears. For full details on the key assumptions, parameters and methods used to estimate the mineral resources, please refer to the Resource Upgrade announcement of 6 February 2006 and the Technical Report announcement dated 24 March 2006. The TSXV does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Caution Regarding Forward Looking Statements Statements regarding Adamus' plans with respect to its mineral properties are forward-looking statements. There can be no assurance that Adamus' plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Adamus will be able to confirm the presence of additional mineral deposits, that any mineralization will prove to be economic or that a mine will successfully be developed on any of Adamus' mineral properties.

For further information:

For further information: Ian Cunningham, Company Secretary, +61 8 9322
5943, ian@adamusresources.com

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ADAMUS RESOURCES LIMITED

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