Adamus Resources Ltd. - Positive Drill Results at Avrebo Point to New Resource



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

    PERTH, Western Australia, Oct. 11 /CNW/ - Emerging gold producer Adamus
Resources (ASX:ADU) is pleased to announce further exploration success at its
Ghana gold project, with positive results from drilling at its Avrebo prospect
revealing high grade gold mineralisation at shallow depths.
    A RC drilling completed was conducted at the Avrebo prospect in August
with 2,375 metres drilled in 33 holes, including five pre-collars for proposed
diamond core holes. Best intercepts included:

    
           ------------------------------------------
           29m @ 3.31g/t Au     2m @ 15.1g/t Au
           ------------------------------------------
           25m @ 2.19g/t Au     1m @ 29.3g/t Au
           ------------------------------------------
           14m @ 1.87g/t Au     1m @ 21.4g/t Au
           ------------------------------------------
            8m @ 2.31g/t Au
           ------------------------------------------
    

    In conjunction with previous drilling and trenching, the new results
indicate potentially economic gold mineralisation at shallow depths and from
surface over a 150-200m strike length. These results together with the
recently announced results at Abosso demonstrate the potential for Adamus'
tenure to deliver ongoing discoveries. Adamus will now conduct more detailed
work to further define the mineralisation.
    The lightly explored Avrebo prospect is part of the Company's flagship
Southern Ashanti Gold Project in Ghana, where Adamus has an established gold
resource of 17Mt @ 2.2g/t for 1,200,000 oz (Measured and Indicated) and 6.3Mt
@ 1.9g/t for 390,000 oz (Inferred). The current drilling program is focussed
on building the resource base within the highly prospective region, to expand
production and extend mine life.
    Drilling coverage at Avrebo was based on 40 metre spaced cross-sections
to approximately 60 metres vertical depth (cross section overpage). This is
now sufficient to allow the calculation of a first-pass resource estimate.
    Shallow high grade gold mineralisation at Avrebo lies within an
exceptionally strong and broad envelope of hydrothermal alteration
(sericite-carbonate-fuchsite) and low- grade (~ 0.2 g/t) gold. The higher gold
grades are associated with a series of stacked quartz veins and disseminated
pyrite within basalts.
    A series of step-out diamond core holes is planned to test the
mineralisation between 80 and 120 metres below surface. Diamond drilling is
scheduled to re-commence mid-October 2007.

    Figure 1 - Avrebo Cross Section Showing Planned Diamond Drilling
    To view Figure 1 please click on the link below:

    http://files.newswire.ca/407/AvreboCrossSection.pdf

    
    -------------------------------------------------------------------------
                        Southern Ashanti Gold Project
                             Avrebo RC Drilling
           Summary of Drill Intersections less than 5g/t metres Au
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                                         Hole       Inter-
    Prospect/   Location    Orientation  Depth   section (m) Interval  Grade
    -------------------------------------------------------------------------
      Hole    East   North  Azimuth  Dip  (m)    From    To    (m)   (g/t Au)
    -------------------------------------------------------------------------
    AVRC026  592373  544460   285    -50   51     7      11     4      1.10
    -------------------------------------------------------------------------
    AVRC033  592386  544663   315    -50   90     0       2     2      15.1
                                         incl     1       2     1      29.3
                                          and    26      40    14      1.87
                                          and    44      52     8      2.31
    -------------------------------------------------------------------------
    AVRC034  592373  544676   315    -50   69     0      29    29      3.31
    -------------------------------------------------------------------------
    AVRC035  592353  544694   315    -50   51    14      15     1      21.4
    -------------------------------------------------------------------------
    AVRC037  592410  544747   315    -50  111    18      21     3      2.04
                                          and    42      52    10      2.18
                                          and    55      59     4      1.61
    -------------------------------------------------------------------------
    AVRC038  592365  544794   315    -50   51     5       8     3      7.98
    -------------------------------------------------------------------------
    AVRC039  592383  544833   315    -50  105     6      10     4      2.59
                                          and    48      73    25      2.19
                                          and    78      83     5      1.04
                                          and    86      91     5      1.21
    -------------------------------------------------------------------------
    AVRC045  592321  544996   285    -50   99    11      15     4      1.79
    -------------------------------------------------------------------------

    Notes
    1.  All holes drilled by reverse circulation
    2.  All samples collected in 1m intervals and riffle split.
    3.  Assaying conducted by Transworld Laboratories, Tarkwa, Ghana using
        industry standard 50g lead collection fire assay with AAS finish.
    4.  Reference standards, field duplicates and blank samples are routinely
        inserted at 1:20 and assays of quality control samples are routinely
        monitored.
    5.  Assays are reported to 3 significant figures within the limits of
        0.01g/t analytical precision.
    6.  Lower intersection cut-off grade 0.5g/t Au, top-cut grade of 20g/t
        applied to high assays.
    7.  Maximum included internal dilution 2m.
    

    About Adamus

    Adamus Resources Limited is a Perth-based mineral exploration company,
listed on Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V)
and Frankfurt Stock Exchange Open Market (FSE).
    The Company's primary focus is on exploring, realising and expanding the
economic potential of the Southern Ashanti Gold Project in Ghana, West Africa.
The Project encompasses approximately 500km(2) of tenure in the Ashanti Gold
Belt - host to over 60moz of gold and the Project boasts excellent access to
port and road infrastructure. Ghana is a stable West African country with a
long history and some of the world's largest gold mining operations. Gold
production is vital to the national economy. Members of the Adamus Board and
management team have proven records in mineral exploration, project
development and project financing.

    Kind regards.

    (signed)

    Mark Bojanjac
    Managing Director/CEO

    Information in this announcement pertaining to exploration results and
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.

    The TSX-V and ASX 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. Circumstances or management's estimates or opinions could
change. The reader is cautioned not to place undue reliance on forward-looking
statements.





For further information:

For further information: Mark Bojanjac, Managing Director/CEO, +61 8
9322 5943, email: mark@adamusresources.com.au; Mark Connelly, Executive
Director/COO, +61 8 9322 5943, email: mark.connelly@adamusresources.com.au

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