Gentry Announces its Intent to Terminate its US Registration and SEC Reporting Obligations

    CALGARY, Nov. 23 /CNW/ - Gentry Resources Ltd. ("Gentry" or the
"Company") announces its intention to file a Form 15F with the United States
Securities and Exchange Commission (the "SEC") to voluntarily terminate the
registration of its Common Shares under the United States Securities Exchange
Act of 1934. Gentry expects the termination to take effect no later than
ninety days after the filing the Form 15F. As a result of filing, the Company
will immediately cease to file certain reports, including Form 40-F and Form 6-
K, with the SEC.
    The Company is not listed on any U.S. stock exchange and the
administrative burdens and costs associated with being a U.S. reporting
company, particularly in light of the SEC Sarbanes-Oxley requirements, have
increased significantly in the past few years. Overall, Gentry believes these
burdens and costs outweigh any benefits derived from the Company's foreign
issuer status with the SEC, particularly as the vast majority of Gentry's
shareholder base is Canadian.
    As a Toronto Stock Exchange listed reporting issuer, Gentry will continue
to meet its Canadian continuous disclosure obligations through filings with
the applicable Canadian securities regulators. The Company's filings can be
found on the System for Electronic Document Analysis and Retrieval ("SEDAR")

     Disclaimer:  Statements in this press release may contain forward-
looking statements, including management's assessment of future plans and
operations and including expectations of future production and capital
expenditures. These statements are based on current expectations that involved
numerous risks and uncertainties, which will cause actual results to differ
from those anticipated.  These risks include, but are not limited to:  the
risks of the oil and gas industry (e.g. operational risks in exploration,
development and production; potential delays or changes in plans with respect
to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses, and health, safety and
environmental risks), and price fluctuation.  As a consequence, actual results
may differ materially from those anticipated in the forward-looking

For further information:

For further information: For Details, Contact: Hugh Ross, President &
Chief Executive Officer, (403) 264-6161; Ketan Panchmatia, Chief Financial
Officer, (403) 264-6161, Website:, Email:; TSX Symbol: GNY

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