Etruscan makes gold discovery at Kobokotosou in Mali West



    TSX:EET

    HALIFAX, June 28 /CNW/ - Etruscan Resources Inc. (EET.TSX) reported today
that diamond drilling on the Kobokotosou permit in Mali West has intersected
significant gold mineralization in the first seven reconnaissance drill holes.
Widespread, anomalous gold has been encountered in sedimentary and intrusive
rocks in a mineralizing system that is very similar to the Diba gold discovery
(Company press release April 3, 2007). Kobokotosou is situated 5 kilometers
south of the Diba gold discovery. Some of the higher grade diamond drill
intercepts at Kobokotosou include:

    - 1 meter of 41.2 g/t
    - 1 meter of 19.9 g/t
    - 1 meter of 13.0 g/t
    - 9 meters of 2.1 g/t (including 2 meters of 4.0 g/t)
    - 9 meters of 1.3 g/t (including 1 meter of 3.1 g/t)

    A complete listing of all significant intercepts is given in Table 1.

    As was the case for Diba, gold mineralization at Kobokotosou had been
confirmed in saprolite by single sample auger drilling coincident with a weak
soil geochemical anomaly, and further tested in bedrock by rotary air blast
("RAB") drilling (Company press release May 28, 2007). These first
reconnaissance diamond drill holes tested geochemical and geophysical targets
on three sections over a strike length of 350 meters to a vertical depth of
100 meters. Based on these significant drill results, diamond drilling will
continue at Kobokotosou as long as field conditions permit.

    Don Burton, Etruscan's Vice President Exploration and Chief Operating
Officer stated,
    "Kobokotosou represents the second discovery for Etruscan in less than
    12 months. We have identified four targets (Diba, Kobokotosou and two at
    Keniebandi) over a strike length of 25 kilometers in Mali West in the
    Keniebandi Formation. In addition to the on-going programs at Diba and
    Kobokotosou, we will be testing the next two targets at Keniebandi in our
    next field campaign. The discovery of a second mineralizing system at
    Kobokotosou in a similar geological setting to Diba confirms the
    district-scale potential of Etruscan's Mali West land holdings."

    
                           ETRUSCAN RE

SOURCES INC. Table 1, June 28, 2007 Kobokotosou Gold Discovery, Mali West Significant Diamond Drill Intersections ------------------------------------------------------------------------- Au Section Hole Depth Azimuth Dip From To Length Grade Number ID m degrees degrees (m) (m) (m) (g/t) ------------------------------------------------------------------------- 8000 N DH07-001 133 270 -60 4 6 2 1.2 ------------------------------------------------------------------------- 13 17 4 1.1 ------------------------------------------------------------------------- incl. 14 15 1 2.8 ------------------------------------------------------------------------- 44 47 3 1.2 ------------------------------------------------------------------------- 69 78 9 1.3 ------------------------------------------------------------------------- incl. 71 72 1 3.1 ------------------------------------------------------------------------- 84 87 3 1.1 ------------------------------------------------------------------------- 100 105 5 1.1 ------------------------------------------------------------------------- incl. 102 103 1 2.5 ------------------------------------------------------------------------- 123 129 6 0.7 ------------------------------------------------------------------------- 8000 N DH07-002 232 270 -60 34 36 2 0.6 ------------------------------------------------------------------------- 42 43 1 0.8 ------------------------------------------------------------------------- 49 58 9 2.1 ------------------------------------------------------------------------- incl. 54 56 2 4.0 ------------------------------------------------------------------------- 66 70 4 1.0 ------------------------------------------------------------------------- 86 89 3 0.8 ------------------------------------------------------------------------- 92 94 2 0.7 ------------------------------------------------------------------------- 100 105 5 0.7 ------------------------------------------------------------------------- 116 117 1 2.0 ------------------------------------------------------------------------- 8100 N DH07-003 100 270 -60 6 7 1 0.8 ------------------------------------------------------------------------- 35 37 2 0.7 ------------------------------------------------------------------------- 55 56 1 0.9 ------------------------------------------------------------------------- 8100 N DH07-004 121 270 -60 34 35 1 19.9 ------------------------------------------------------------------------- 39 42 3 0.7 ------------------------------------------------------------------------- 66 69 3 0.9 ------------------------------------------------------------------------- 72 74 2 0.9 ------------------------------------------------------------------------- 111 119 8 1.1 ------------------------------------------------------------------------- incl. 116 117 1 3.9 ------------------------------------------------------------------------- 7750 N DH07-005 119 270 -60 37 39 2 0.7 ------------------------------------------------------------------------- 107 110 3 1.0 ------------------------------------------------------------------------- 7750 N DH07-006 106 270 -60 19 20 1 0.9 ------------------------------------------------------------------------- 66 69 3 0.5 ------------------------------------------------------------------------- 93 97 4 0.7 ------------------------------------------------------------------------- 8000 N DH07-007 154 270 -60 102 103 1 41.2 ------------------------------------------------------------------------- 128 129 1 13.0 ------------------------------------------------------------------------- All lengths are downhole lengths, additional information is required to determine true widths. Gold analyses of all diamond drill samples were performed by Abilabs Laboratories at Bamako, Mali using standard 50-gram fire assay procedures. K. Kirk Woodman P.Geo., Etruscan's Chief Project Geologist, has review this press release in his role as Qualified Person overseeing Etruscan's exploration programs in West Africa. 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 10,000 sq. km in West Africa. Its principal properties include the Youga Gold Project in Burkina Faso currently under development and scheduled for commissioning in June 2007 (Press release dated February 27, 2007), the Agbaou Gold Project in Côte d'Ivoire with an 11,000 meter diamond drilling program in progress, the Diba Gold Project in Mali with a comprehensive diamond and reverse circulation drilling program underway (Press release dated April 3, 2007), the Finkolo Gold Project in Mali where an 8,200 meter reverse circulation and diamond drilling program is being carried out (Press release dated April 18, 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 also has a 51% interest in Etruscan Diamonds Limited which has a dominant land position in the Ventersdorp Diamond District located in South Africa. (Press release dated March 14, 2007). The common shares of Etruscan are traded on The TSX Exchange under the symbol "EET". More extensive information on Etruscan can be found on its home page at http://www.etruscan.com.

For further information:

For further information: Etruscan contact: 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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