Brett Resources Announces an Initial Resource of 4.8 Million Ounces of Gold at Hammond Reef

Wed Oct 15, 2008
News Release 08-21

Brett Resources Inc. (TSX Venture Exchange – BBR) is pleased to announce that an initial inferred resource estimate has been completed for its 100%-owned Hammond Reef gold deposit, located 22 km north of Atikokan, Ontario, Canada. Scott Wilson Roscoe Postle Associates Inc. of Vancouver BC Canada, independent resource consultant for Brett, has audited the following resource estimate and confirms that it is National Instrument 43-101 compliant.Based on a cut-off grade of 0.6 grams per tonne Au and using Inverse Distance Cubed methodology (“ID3”) Brett Resources has estimated an inferred resource of 141.5 million tonnes at a grade of 1.05 grams per tonne or 4.8 million ounces contained gold.

Brett President, Patrick Soares, commented: “Our exploration efforts at Hammond Reef have succeeded in outlining a large, near surface gold deposit. Over 97% of this resource is within 300m of surface and the mineralization remains open along strike and to depth. Preliminary metallurgical work indicates that gold recoveries in excess of 90 percent are achievable. The Company intends to initiate a preliminary economic assessment on Hammond Reef in the spring of 2009. Also in the planning stages, is further drilling and an exploration program which will explore the lateral extents of the deposit and assess the potential of other areas within our large land position to host additional gold deposits. Baseline environmental studies and consultation with First Nations are also proceeding.”

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