Etruscan hits high grade in satellite discoveries at Agbaou



    HALIFAX, Dec. 6 /CNW/ - Etruscan Resources Inc. (EET.TSX) reported today
that reconnaissance diamond drilling in proximity to the Agbaou Gold Deposit
in Côte d'Ivoire has identified three satellite discoveries. High grade, near
surface mineralized vein structures related to gold-in-soil anomalies were
intersected and highlighted by:

    
         - 14.3 meters of 4.9 g/t (including 1.0 meter at 32.0 g/t)
         - 11.8 meters of 2.8 g/t (including 2.0 meters of 8.1 g/t)
         -  9.8 meters of 2.9 g/t (including 2.0 meters of 9.1 g/t)
         -  1.3 meters of 21.2 g/t

    The three satellites discoveries are respectively situated 330 meters
southwest, 600 meters west and 500 meters north of the Agbaou West Deposit.
Additional drilling is required to determine strike length and depth extent,
however the soil and drill results suggest potential strike lengths of 200 to
400 meters for each structure.
    As well, reconnaissance drilling to the north of the Main Deposit
intersected 5.3 meters of 5.4 g/t (including 2.5 meters at 10.8 g/t) and to
the southeast of the Main Deposit intersected 2 meters of 21.7 g/t at surface.
A complete listing of significant exploration drill results is provided in
Table 1.

    Don Burton, Etruscan's Chief Operating Officer commented:

    "These initial results provide a clear indication of the potential to
    expand the known resources in the immediate vicinity of the planned gold
    plant at Agbaou. This is the same strategy that Etruscan has undertaken
    at the Youga Gold Mine in Burkina Faso which is scheduled to be in
    commercial production in the second quarter 2008. Agbaou is scheduled to
    be our next producer with the feasibility study targeted to be delivered
    in the second quarter 2008. We anticipate delivery of the independent
    43-101 resource estimate that is being prepared by Coffey Mining before
    year end.

    Etruscan is not alone in its assessment that the political and economic
    climate in Côte d'Ivoire is favourable for the development of gold mines.
    Randgold Resources has recently announced significant increases to the
    scale of its Tongon Gold Project in northern Côte d'Ivoire which now
    boasts 4.4 million ounces and has indicated it will be constructing a
    300,000 tpm plant, having dedicated US$267M towards development of the
    project. Equigold's A$98M Bonikro Gold Project, which is situated just
    25 kilometers northwest of Agbaou and is of a similar scale, is under
    construction and on schedule for commissioning in April 2008.

    In addition to Agbaou, Etruscan has applications pending for seven new
    permits and I believe Etruscan's business decision to invest in Côte
    d'Ivoire over the past six years will soon return considerable rewards."

    All sample preparations and standard 50-gram gold fire assays were
performed by Trans World Laboratories of Tarkwa, Ghana. Etruscan consistently
employs a rigorous quality control and assurance program comprising regular
insertion of certified reference standards, blanks and duplicates. K. Kirk
Woodman, P.Geo., and Senior Project Geologist is the Qualified Person
overseeing Etruscan's exploration gold projects in West Africa and has
reviewed this press release.

    The Agbaou Gold Deposit

    Agbaou is an advanced stage gold project, located 200 kilometers northwest
of Abidjan the commercial capital of Côte d'Ivoire, West Africa. Agbaou is the
third largest undeveloped gold resource in Côte d'Ivoire. The Agbaou Permit
covers 939 km2 with 40 kilometers of strike length on the major regional shear
zone which hosts the known deposit. The Agbaou property has excellent
infrastructure and is readily accessible by paved highway which crosses the
permit. The Main Deposit is within 2 kilometers of the national power grid.
    Prior to Etruscan's programs, over 18,000 meters of historic drilling had
been completed on the Agbaou Gold Deposit by previous owners. An independent
resource estimate was prepared in April 2000 by RSG Global (Pty) Ltd. for
Durban Roodeport Deeps Limited which reported the following indicated and
inferred resource on the deposit:

    -------------------------------------------------------------------------
    Cutoff              Indicated Resources                 Inferred Resource
    Grade     ---------------------------------------------------------------
                  Tonnes   Grade     Ounces        Tonnes    Grade     Ounces
    -------------------------------------------------------------------------
    0.5 gpt   18,244,000     1.5    855,000     5,214,000      1.5    248,000
    -------------------------------------------------------------------------
    1.0 gpt    9,684,000     2.1    659,000     2,562,000      2.3    188,000
    -------------------------------------------------------------------------

    Important - This report is historical in nature and was compiled before NI
43-101 came into effect. Etruscan has not completed the work necessary to
verify the classification of the mineral resource estimates. Etruscan does
believe these historical results provide an indication of the potential of the
resource but warns that the indicated and inferred resource on the deposit
have not been verified by a qualified person as defined under NI 43-101
standards.

    About Etruscan Resources Inc.

    Etruscan Resources Inc. is a gold focused Canadian junior mining company
with dominant land positions in district scale gold belts covering more than
13,000 square kilometers in West Africa. Its principal properties include the
Youga Gold Project in Burkina Faso (Press release dated October 3, 2007), the
Agbaou Gold Project in Côte d'Ivoire where its feasibility drilling program
has been completed (Press release dated October 11, 2007), the Diba Gold
Project in Mali where a major drill program was recently completed (Press
release dated July 26, 2007), the Finkolo Gold Project in Mali where an
6,700 meter reverse circulation and diamond drilling program was recently
completed (Press releases dated August 30, 2007and November 12, 2007) and the
Banfora Gold Belt in Burkina Faso with eight major gold targets identified and
where a single sample auger drilling program began in March 2007 (Press
release dated November 27, 2006). Etruscan recently announced a significant
acquisition of strategic properties in Ghana (Press release dated August 7,
2007). Etruscan also has a 53.7% interest in Etruscan Diamonds Limited which
has a dominant land position in the Ventersdorp Diamond District located in
South Africa. (Press release dated October 9, 2007). The common shares of
Etruscan are traded on The TSX Exchange under the symbol "EET" and the
warrants of Etruscan are traded on The Toronto Stock Exchange under the symbol
"EET.WT". More extensive information on Etruscan can be found on its home page
at http://www.etruscan.com

    This press release may contain certain forward-looking statements which
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements may include statements regarding exploration results and budgets,
mineral reserve and resource estimates, work programs, capital expenditures,
mine operating costs, production targets and timetables, future commercial
production, strategic plans, market price of precious metals or other
statements that are not statements of fact. Although the Company believes the
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
Various factors that may affect future results include, but are not limited
to: fluctuations in market prices of precious metals; foreign currency
exchange fluctuations; risks relating to mining exploration and development
including reserve estimation and costs and timing of commercial production;
requirements for additional financing; political and regulatory risks, and
other risks and uncertainties described in the Company's annual information
form filed with the Canadian Securities regulators on SEDAR (www.sedar.com).
Accordingly, readers should not place undue reliance on forward-looking
statements.

             NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED
                         THE CONTENT OF THIS RELEASE


                           ETRUSCAN RE

SOURCES INC. Table 1 December 6, 2007 Summary of Agbaou Exploration Drill Results ------------------------------------------------------------------------- Target Section Hole ID Type Addi- From To Length Au Grade tional (m) (m) (m) (g/t) ------------------------------------------------------------------------- Main East 19620 N ADD313 Core 0 2 2.0 21.7 ------------------------------------------------------------------------- Main North 20580 N ADD316 Core 0 5.3 5.3 5.4 ------------------------------------------------------------------------- incl. 2 4.5 2.5 10.8 ------------------------------------------------------------------------- Anomaly A 19140 N ADD344 Core 0 9.8 9.8 2.9 ------------------------------------------------------------------------- incl. 3 5 2.0 9.1 ------------------------------------------------------------------------- Anomaly A 19140 N ADD345 Core 49.5 54.3 4.8 2.9 ------------------------------------------------------------------------- incl. 52 54.3 2.3 4.6 ------------------------------------------------------------------------- Anomaly A 19320 N ADD371 Core 0 2 2.0 1.2 ------------------------------------------------------------------------- Anomaly A 19320 N ADD375 Core 5.25 6 0.8 4.0 ------------------------------------------------------------------------- and 18.75 22.4 3.7 3.0 ------------------------------------------------------------------------- incl. 20 21 1.0 4.3 ------------------------------------------------------------------------- Anomaly A 19320 N ADD376 Core 22 24 2.0 3.4 ------------------------------------------------------------------------- incl. 22 23 1.0 4.0 ------------------------------------------------------------------------- and 31 34.5 3.5 0.9 ------------------------------------------------------------------------- Anomaly B 19320 N ADD377 Core 23.2 25.65 2.5 12.6 ------------------------------------------------------------------------- incl. 24.4 25.65 1.3 21.2 ------------------------------------------------------------------------- Anomaly B 19320 N ADD380 Core 28 29 1.0 6.2 ------------------------------------------------------------------------- and 40 43 3.0 0.9 ------------------------------------------------------------------------- incl. 42 43 1.0 2.0 ------------------------------------------------------------------------- Anomaly C 20480 N ADD363 Core 4 15.8 11.8 2.8 ------------------------------------------------------------------------- incl. 5 7 2.0 8.1 ------------------------------------------------------------------------- Anomaly C 20480 N ADD364 Core 17 19.5 2.5 5.1 ------------------------------------------------------------------------- incl. 17 18.5 1.5 7.3 ------------------------------------------------------------------------- Anomaly C 20300 N ADD367 Core 8.5 10.3 1.8 8.4 ------------------------------------------------------------------------- incl. 9.35 10.3 1.0 14.4 ------------------------------------------------------------------------- Anomaly C 20300 N ADD368 Core 25 39.3 14.3 4.9 ------------------------------------------------------------------------- incl. 31.5 32.5 1.0 32.0 -------------------------------------------------------------------------

For further information:

For further information: Richard Gordon, Investor Relations, (877)
465-3674, Fax: (902) 832-6702, rgordon@etruscan.com; Tony Hayes, (866)
638-3338, Fax: (905) 468-8407, thayes@etruscan.com

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