Devonshire Resources Resolves Outstanding Legal Claim to Nunavut Properties



    TRADING SYMBOL: TSX-V - DSH, OTCBB: DSHRF

    VANCOUVER, March 13 /CNW/ - Further to proceedings that it launched in BC
Supreme Court on October 11th, 2007, Devonshire Resources Ltd (the "Company")
announces that it has reached a settlement agreement with KM Diamond
Exploration Ltd., and Dr. Felix Kaminsky.
    As a result of this settlement agreement, the Company has been granted a
100% interest in 15 claims (the "Properties") known as the "Brown Lake
Property", and sometimes also referred to as the "KMD Project", in Nunavut,
approximately 100 km northwest of Rankin Inlet. Devonshire's interest in the
Properties is subject to a royalty obligation in favour of KM Diamond, the
terms of which royalty are specified in a separate agreement. Other terms of
the settlement include an end to the B.C. Supreme Court litigation.
    Certain mining claims that are contiguous to the Properties (the
"Contiguous Properties"), totalling 70 claims and 116,298.17 acres will also
be re-registered in the name of the Company (they have been in Dr. Kaminsky's
name in trust for the Company). These Contiguous Properties are not subject to
the royalty obligation.

    ON BEHALF OF DEVONSHIRE RE

SOURCES LTD. "Tim Crowhurst" Tim Crowhurst President and Director The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. %SEDAR: 00021121E %CIK: 0001321847

For further information:

For further information: Tim Crowhurst, President and Director, Tel:
(604) 764-5099, info@ripplelake.com

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DEVONSHIRE RESOURCES LTD.

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