Armistice Resources Identifies Additional Near-Surface Potential At The
McGarry Mine Gold Project

TORONTO, April 28 /CNW/ - Armistice Resources Corp. (TSX: AZ), which is moving toward beginning gold production at its McGarry Mine in the Kirkland Lake area of Northeastern Ontario, today announced that further drilling results from its program completed in late 2009 provide solid confirmation for the continuation of one or more sub-parallel gold zones right to the surface.

"While the area tested is very restricted in strike and the holes are relatively widely spaced, this information, together with other data that we have, indicates to us that our property offers the additional potential for near-surface mining," said Todd J. Morgan, the company's President and Chief Executive Officer.

"These additional near-surface drilling results are consistent with intersections made at lower levels in the workings where much more detailed information has yielded an NI 43-101-compliant indicated mineral resource estimate. In light of the experience gained at deeper levels in the mine, there is now interpreted a wider swath of prospective geology near surface for exploration - most of which has not been previously tested," Mr. Morgan said.

"We have now received and completed the analysis of all of the assay results from the drilling program that we completed in December 2009. The results have been very positive regarding the existence of additional economic gold zones on the McGarry property. As a result, we will be planning to do further exploration work," Mr. Morgan added.

The conclusion regarding the potential for near-surface gold zones is based on the analysis of holes drilled in fan configurations from 450 feet to 180 feet west of the McGarry Mine shaft.

The McGarry Mine property was originally explored by diamond drilling from surface in the 1940s and earlier. Despite encouraging assay results at the time, the drill pattern was limited, leaving it open for Armistice to discover near-surface gold zones. The first mining level established during the 1940s was at 525 feet followed by levels at 650 and 1250 feet below surface.

In the 1940s there was short-hole drilling from the workings which encountered a number of significant gold intersections. Armistice has no way to check the validity of the historical assay results and the quality control and assurance does not meet the specifications of National Instrument 43-101; therefore they cannot be relied upon. Nevertheless, the company believes that the results provide an important guide to continued exploration priorities. Some of the results from the historical drilling are tabulated below in this news release. There was virtually no follow up to the first phase of underground mining and drilling after the abandonment of the workings in 1948.

The 2009 surface drilling programme consisted of four 3-hole fans of holes at nominal -35degrees, -55degrees and -75degrees dips; and two partial fans of two and one hole each. Drill fans are at nominal 50-foot intervals along strike. The holes were drilled from north to south. The shallow dipping holes did not encounter significant gold zones, but three of the four steep holes did (see table below). Combined with the historical results from the 525 and 650 Levels, an interpretation has emerged that will guide the next phase of surface drilling and will probably require additional drilling from the 525 Level. The 525 and 650 Levels were recently re-surveyed to establish accurate correlation of the location of historical work on these levels with the new drilling from surface.

    
    2009 Drilling Program Summary
    -----------------------------
    

Armistice has now received all the assay results from the drilling completed in December 2009. The significant assays are summarized in a table below and the highlights are:

    
    -   Excellent exploration target confirmed at the Mill Zone, 2800 feet
        south of the McGarry Shaft. This zone shows hole-to-hole continuity
        over 400 feet vertically as detailed in the news release of
        January 20, 2010.

    -   Detailed drilling at stope definition scale on the 2250 Level at the
        north western end of the existing mine workings has outlined a better
        gold zone than originally anticipated based on the previous
        exploration drill fans through the area at 100 foot spacings. The
        result of drilling in this area was reported in the news release
        issued February 18, 2010.

    -   Solid confirmation of the potential for near-surface gold mining as
        described in this news release.
    

"If economic gold zones can be identified near surface," said Erik Andersen, Vice President and Chief Operating Officer, "then the implications for additional mining operations at McGarry will be very positive. Recent drill results in the McGarry Shaft area and in the Mill Zone area to the south provide solid encouragement that additional economic gold zones can be discovered near surface. Therefore, continuation of exploration work above the 1250 Level and along the strike of the Mill Zone will remain an important part of future planning."

    
    Summary of Assay Results from All Drill Holes in the 2009 Programme
    ------------------------------------------------------------------

            -----------Collar-----------  Hole              Int-  True  Gold
            Coordin-                     Length From    To  erval Width Assay
    DDH No    ates   Elev. Dip   Azimuth  (ft)   (ft)  (ft)  (ft) (ft) (oz/t)
    -------------------------------------------------------------------------


    McGarry Shaft Area - Surface Holes
    ----------------------------------

    AR09-01 448W 166N -42 -55     180      580 -------
                          degrees degrees

    AR09-02 448W 168N -43 -76     170      800 -------
                          degrees degrees

    AR09-03 448W 164N -42 -36     179      250 -------
                          degrees degrees

    AR09-04 402W 168N -39 -75     177     3260 291.4 292.5  1.1  0.3 0.14
                          degrees degrees

    AR09-05 402W 165N -39 -55     178      400 -------
                          degrees degrees

    AR09-06 402W 163N -38 -40     182      300 -------
                          degrees degrees

    AR09-07 347W 168N -35 -75     185      600 308.0 316.7  8.7  2.2 0.10
                          degrees degrees      347.2 348.3  1.1  0.3 0.10
                                               464.5 466.7  2.2  0.6 0.24

    AR09-08 348W 165N -35 -55     180     450  -------
                          degrees degrees

    AR09-09 348W 162N -35 -40     186     350   14.0  15.8  1.8  1.5 0.14
                          degrees degrees       91.8  92.8  1.0  0.8 0.10

    AR09-10 303W 163N -32 -76     168     678   43.2  44.7  2.4  0.6 0.08
                          degrees degrees       63.7  67.0  3.3  0.8 0.10
                                               340.7 343.4  2.7  0.6 0.09
                                               569.3 573.5  4.2  1.0 0.11
    AR09-11 303W 161N -31 -54     179     400  -------
                          degrees degrees

    AR09-12 303W 157N -32 -38     179     344    8.8  14.8  6.0  4.7 0.11
                          degrees degrees       26.4  27.4  1.0  0.8 0.31

    AR09-13 250W 159N -30 -74     186     212  -------
                          degrees degrees

    AR09-14 250W 159N -30 -67     177     648  -------
                          degrees degrees

    AR09-15 180W 147N -24 -74     178     630  -------
                          degrees degrees


    Mill Zone Surface Holes
    -----------------------

    MZ09- 1050W 2893S -111 -45     0      160  -------  abandoned
     01A                   degrees degrees

    MZ09- 1050W 2894S -111 -42     0      460  186.3 187.5  1.2  0.9 0.20
     01B                   degrees degrees

    MZ09- 1050W 2898S -110 -60     3      340  -------
     02                    degrees degrees

    MZ09- 1050W 2895S -110 -45     336    390  231.0 233.1  2.1  1.4 0.08
     03                    degrees degrees

    MZ09- 1050W 2897S -111 -44     27    1540  -------
     04                    degrees degrees

    MZ09- 1100W 2875S -102 -38     342    390   72.0  73.0  1.0  0.8 0.12*
     05                    degrees degrees      83.2  85.4  2.2  1.7 0.36*
                                               175.4 180.0  4.6  3.5 0.10(xx)
                                               204.5 210.0  5.5  4.1 0.15*

    MZ09- 1100W 2878S -102 -55     3      460  115.5 120.8  5.3  3.0 0.41*
     06                    degrees degrees     267.6 272.9  5.3  3.0 0.11(xx)

    MZ09- 1100W 2879S -102 -70     13     413  331.0 334.0  3.0  1.0 0.20(xx)
     07                    degrees degrees


    2250 Level Underground Holes - 325N Zone
    ----------------------------------------

    325-01 1476W 341N   -  0      283     250   15.3  23.6  8.3   ND 0.15*
                     2238 degrees degrees Incl. 17.6  18.9  1.3   ND 0.46*
                                               134.5 136.4  1.9   ND 0.10*
                                               173.7 207.0 33.3   ND 0.16*
                                         Incl. 182.0 204.5 22.5   ND 0.20*

    325-02 1476W 340N   -  0      274     242   32.0  48.7 16.7   ND 0.08(xx)
                     2238 degrees degrees Incl. 46.9  48.7  1.8   ND 0.38(xx)
                                               110.0 132.8 22.8   ND 0.17*
                                         Incl. 110.0 121.3 11.3   ND 0.28*
                                         Incl. 116.7 118.5  1.8   ND 1.02*
                                               143.4 148.0  4.6   ND 0.11
                                               166.0 177.0 11.0   ND 0.13*

    325-03 1474W 345N   -  1      333     241   17.0  22.6  5.6   ND 0.08*
                     2238 degrees degrees

    325-04 1474W 344N   - +45     326     120  -------
                     2233 degrees degrees

    325-05 1476W 337N   -  1      244      90  -------
                     2238 degrees degrees

    325-06 1450W 331N   - +46     176     170  -------
                     2234 degrees degrees

    325-07 1450W 330N   - +21     175     130   74.0  78.2  4.2  4.0 0.08
                     2236 degrees degrees

    325-08 1450W 339N   -  1      153     120   42.6  44.9  2.3  2.0 0.14
                     2238 degrees degrees

    325-09 1450W 329N   - -21     178     130  -------
                     2240 degrees degrees

    325-10 1450W 330N   - -43     179     170  122.2 123.5  1.3  0.9 0.12
                     2242 degrees degrees

    325-11  Not Drilled

    325-12 1452W 341N   - +23     357     140    8.8  14.8  6.0  5.5 0.11
                     2242 degrees degrees       26.4  27.4  1.0  0.9 0.31

    325-13 1452W 341N   -  0      335     140    7.0  11.3  4.3  4.3 0.11
                     2238 degrees degrees       17.1  18.7  1.6  1.6 0.18

    325-14 1452W 341N   - -22     358     160   28.7  36.1  7.4  6.9 0.14
                     2239 degrees degrees

    325-15 1452W 341N   - -44     356     240    6.0   7.9  1.9  1.4 0.52
                     2242 degrees degrees

    *  Previously Released
    (xx) Updated - Previously Released
     ND  = Not Determined (see Figure attached to Press Release
         dated 18 February 2010)

    Armistice Mine Grid Coordinates - Elevations in relation to McGarry
                                      Shaft collar



    Selected Assay Results from 1940's Historical Drill Data
    --------------------------------------------------------

              -------- Collar ---------
                 Coordin-                         Int-  True Assay
              DDH  ates                 From   To erval Width Gold
    Location  No.         Dip   Azimuth (ft)  (ft) (ft) (ft) (oz/t) Comments
    -------------------------------------------------------------------------

    Surface   A46  173W -60     0       501.0 502.5 1.5  0.8  0.10 Within
                   250S degrees degrees                            2009
                                                                   drilling
                                                                   area

    Surface   A42  230W -60     0       547.5 555.0 7.5  3.8  0.14 East of
                   260S degrees degrees                            2009 holes

    Surface   A38  322W -70     0       519.0 524.0 5.0  1.7  1.76 East of
                   253S degrees degrees                            2009 holes

    525      U-077 194W 0       180       0.0   8.5 8.5  8.5  0.14 Near 2009
    Level           83N degrees degrees                            holes

    525      U-081 220W 0       180      10.0  17.0 7.0  7.0  0.12 Near 2009
    Level           83N degrees degrees                            holes

    525      U-134 280E 0       195      19.0  23.0 4.0  3.9  0.21 East of
    Level          136N degrees degrees                            2009 holes

    400      U-127   4W 0       66      333.0 335.0 2.0  0.8  0.11 East of
    Station         13N degrees degrees                            2009 holes
                                        347.0 351.0 4.0  1.6  0.18

    400      U-132   4W 0       295     136.0 138.0 2.0  0.9  0.11 East of
    Station         13N degrees degrees                            2009 holes

    650      U-001  95W -71     184     162.0 164.0 2.0  0.7  0.24 East of
    Level          160N degrees degrees                            2009 holes

    650      U-003  12W -70     5        95.5 105.5 10.0 3.4  0.10 East of
    Level           15N degrees degrees                            2009 holes
                                        113.0 115.0  2.0 0.7  0.25 East of
                                                                   2009 holes

    650      U-154 137E 0       353      15.0  17.0  2.0 2.0  0.19 East of
    Level           61N degrees degrees                            2009 holes

    650      U-122 1005E 0      305      74.0  76.0  2.0 1.2  0.12 East of
    Level           40N degrees degrees                            2009 holes
    

Armistice maintains procedures for Quality Control and Quality Assurance. These procedures including sawing the core in half and retaining half for archive reference. The other half is assayed using standard fire assay techniques with AA finish. For every 20 samples submitted for assay, one sample is quarter sawn and each quarter is submitted to separate labs for independent analysis. All samples assaying over 0.10 oz/t are re-assayed and average is used. For each 20 samples submitted, one blank is also submitted for control. All samples are sent to a recognized independent assay laboratory.

The exploration program reported on here is supervised and managed by Mr. Erik Andersen, P.Eng., Vice President and COO of Armistice Resources and a Qualified Person as defined by National Instrument 43-101. Mr. Andersen has reviewed and approved this press release.

About Armistice Resources Corp.

Armistice Resources, a Canadian-based exploration and development company, is moving toward beginning gold production at its McGarry Mine in the Kirkland Lake area of Northeastern Ontario. The McGarry Mine is located in Virginiatown on the prolific Larder Lake-Cadillac Break that extends 200 km east-west straddling the Ontario and Quebec border and that has produced 95 million ounces of gold. The McGarry Mine is adjacent to the Kerr-Addison Gold Mine that has produced more than 11 million ounces of gold. The McGarry Mine consists of 33 contiguous patented mining claims, including three licenses of occupation, totalling 484 hectares. The McGarry Mine is fully permitted and all equipment and systems at the site have been brought up to standards, including its installed mining plant. Armistice Resources intends to commence gold production at the McGarry Mine within about the next year, subject to obtaining the necessary additional capital required to finance the mine's operations. Armistice Resources is listed on the Toronto Stock Exchange (Symbol: AZ) and currently has approximately 79,850,853 million common shares issued and outstanding. To find out more about Armistice Resources, please visit the company's website at www.armistice.ca.

Forward-Looking Statements

This news release may contain forward-looking statements, including current expectations on the timing of the commencement of production and the completion of the required financing. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which a pre-feasibility study gives sufficient grounds for classifying the indicated mineral resources as probable reserves; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Armistice Resources' business are more fully discussed in the company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these. Armistice Resources assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements.

%SEDAR: 00003818E

SOURCE Kerr Mines Inc.

For further information: For further information: Investor and Media Relations: Richard W. Wertheim, Wertheim + Company Inc., Email: wertheim@wertheim.ca, (416) 594-1600 ext. 223, (416) 518-8479 (cell)


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