Toronto Star prints correction regarding Armistice Resources

    Issued and Outstanding common shares: 51,264,184

    TORONTO, Jan. 24 /CNW/ - Armistice Resources Corp. (TSX: AZ) ("Armistice"
or the "Corporation") notes that the Toronto Star printed a correction on
January 23 with respect to an article by Tony Van Alphen published on Sunday,
January 13, 2008. The correction states that the article "incorrectly reported
that money to buy Pender International had come from Armistice Resources". The
Star also states that it regrets the error.
    As stated in a January 14 press release, Armistice was not a participant
in the scheme described in the article. IMM Investments Inc. ("IMM") acquired
shares of Armistice (then known as Armistice Resources Ltd.) in a private
placement financing in June, 2004. Armistice did not participate in any
activities of IMM, Pender International Inc. ("Pender") or individuals trading
in Pender. The trading activities of Pender subsequent to the private
placement were carried out without the knowledge or participation of
Armistice. The Ontario Securities Commission and the Toronto Stock Exchange
have been aware of IMM's holdings in Armistice. IMM is subject to an escrow
agreement with the Corporation and cannot trade or vote its shares.

    Armistice is a Canadian exploration company that owns an advanced
exploration underground gold project in North-eastern Ontario located on the
prolific Larder Lake break. The McGarry project consists of 34 contiguous
patented mining claims and licences of occupation totaling 484 hectares which
adjoins the former producing Kerr Addison gold mine which produced in excess
of 11 million ounces of gold. Underground drilling and bulk sampling is
continuing at the site.

    ARMISTICE RE

SOURCES CORP.

    "Todd J. Morgan"

    Todd J. Morgan
    President, CEO and Chairman of the Board

For further information:

For further information: Todd J. Morgan, (705) 567-4567,
info@armistice.ca