Module announces graduation from NEX to TSX Venture Exchange



    /NOT FOR DISTRIBUTION IN THE UNITED STATES./

    BLAINE, WA, Aug. 24 /CNW/ - Module Resources Incorporated (TSX : MLE) is
pleased to announce that it has met the requirements to be listed as a TSX
Venture Exchange Tier 2 Company. Therefore, effective on August 24, 2009, the
Company's Tier classification will change from NEX to Tier 2 and the Filing
and Service Office will change from NEX to Vancouver. Effective at the opening
on August 24, 2009, the trading symbol for the Company will change from MLE.H
to MLE.
    Bruce Downing, Module's President & CEO, commented: "We are delighted
that Module is now listed on Tier 2 of the TSX Venture Exchange as this
graduation will increase the Company's profile."

    About Module Resources

    Module Resources is a Canadian mineral exploration company focused on the
development of the Ladner Gold Project located in southern British Columbia,
approximately 150 km east of Vancouver. The Ladner Gold Project encompasses
the Carolin Mine, a former underground gold producer that produced
approximately 45,000 ounces of gold from 1982 to 1984. The Company has
retained the mine permit, which is still valid. The Company filed an NI 43-101
technical report last December and is preparing to undertake a surface and
underground exploration program to confirm historical surface and underground
gold mineralization.

    
    On behalf of the board of directors,

    "Bruce W. Downing"

    President & Chief Executive Officer

    The TSX-NEX Exchange has not reviewed and does not accept responsibility
    for the adequacy or the accuracy of this press release. We seek Safe
    Harbor.
    

    Caution concerning forward-looking information

    This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable securities laws.
This information and statements address future activities, events, plans,
developments and projections. All statements, other than statements of
historical fact, constitute forward-looking statements or forward-looking
information. Such forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate," "plan,"
"expect," "believe," "estimate," "intend" and similar terminology, and reflect
assumptions, estimates, opinions and analysis made by management of Module in
light of its experience, current conditions, expectations of future
developments and other factors which it believes to be reasonable and
relevant. Forward-looking information and statements involve known and unknown
risks and uncertainties that may cause Module's actual results, performance
and achievements to differ materially from those expressed or implied by the
forward-looking information and statements and accordingly, undue reliance
should not be placed thereon. Risks and uncertainties that may cause actual
results to vary include but are not limited to the speculative nature of
mineral exploration and development, including the uncertainty of reserve and
resource estimates; operational and technical difficulties; the availability
of suitable financing alternatives; fluctuations in gold and other commodity
prices; changes to and compliance with applicable laws and regulations,
including environmental laws and obtaining requisite permits; political,
economic and other risks; fluctuations in foreign exchange rates; as well as
other risks and uncertainties which are more fully described in our annual and
quarterly Management's Discussion and Analysis and in other filings made by us
with Canadian securities regulatory authorities and available at
www.sedar.com. Module disclaims any obligation to update or revise any
forward-looking information or statements except as may be required by law.





For further information:

For further information: Brent Jones, Manager of Investor Relations,
E-mail: brent.jones@moduleresources.com, Phone: (360) 332-4653, Fax: (360)
332-4652

Organization Profile

MODULE RESOURCES INCORPORATED

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890