VanEck Vectors Global Alternative Energy ETF

Published : December 04th, 2008

Drilling Expands and Verifies Resource Model

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News Release Thursday, December 04, 2008
Brett's Drilling Expands and Verifies Resource Model

News Release 08-23

Brett Resources Inc. (TSX Venture Exchange -- BBR) is pleased to report drill results from eight holes drilled on the Hammond Reef Property, located 23 kilometres northeast of Atikokan, Ontario. Results reported below are from mineralized zones adjacent to Mitta Lake.

Highlights from these holes include hole BR-113 with 154 metres of 1.21 g/t Au. See drill plan map for locations of the holes reported herein.

Summary of Intervals:

 

Hole-ID

 

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Section 1600E

 

 

 

BR-111

 

69.0

84.0

15.0

1.37

 

 

127.5

205.5

78.0

0.95

Includes

141.0

151.5

10.5

1.89

Includes

178.5

190.5

12.0

2.23

Section 1600E

 

 

 

BR-112

 

51.0

192.0

141.0

0.65

Includes

172.5

192.0

19.5

1.07

Section 1550E

 

 

 

BR-113

 

96.0

250.5

154.5

1.21

Includes

195.0

228.0

33.0

2.36

 

 

283.5

295.5

12.0

1.01

Section 1700E

 

 

 

BR-114

 

141.0

183.0

42.0

0.77

Includes

156.0

166.5

10.5

1.48

 

 

192.0

219.0

27.0

0.55

 

 

226.5

256.5

30.0

0.62

 

 

267.0

286.5

19.5

0.81

Section 2200E

 

 

 

BR-115

 

172.5

264.0

91.5

0.67

Includes

208.5

222.0

13.5

1.99

Section 2350E

 

 

 

BR-116

 

186.0

204.0

18.0

0.61

 

 

319.5

334.5

19.5

0.79

Section 2400E

 

 

 

BR-117

 

180.0

232.5

52.5

0.93

Includes

181.5

193.5

12.0

1.91

 

 

244.5

250.5

6.0

1.50

 

 

334.5

349.5

15.0

1.16

Section 1550E

 

 

 

BR-118

 

46.5

298.5

252.0

0.55

Includes

75.0

81.0

6.0

2.02

Includes

249.0

256.5

7.5

1.77



Reported intervals are calculated using a 0.3 g/t Au cut-off over a minimum 6 metre drilled length. Intervals represent down hole lengths, which are roughly perpendicular to mineralization as interpreted on cross section.

Drill holes BR-111 through BR-114 are infill drill holes drilled West of Mitta Lake and have confirmed the continuity of the mineralized lenses. In fact, BR-113 intersected much stronger than expected gold mineralization from 195.0 to 228.0 metres.

Holes BR-115 to BR-117 are step-out holes, drilled on the south-east shore of Mitta Lake. BR-116 intersected slightly lower grade gold mineralization than anticipated by the resource interpretation, but it did core a deeper interval of gold mineralization, 19.5 metres of 0.79 g/t Au from 319.5 to 339.0 metres. Earlier drill holes in this area have not been drilled deep enough to test for this mineralization. This intersection requires up dip drill testing.

BR-115 and BR-117, intersected well developed gold mineralization in areas that were not included in the resource estimate and will add to the gold inventory in future resource estimates. These two holes also confirm continuity in the deep gold mineralization cored in BR-116.

Updated cross sections are expected to be posted to the Company's website early in the new year.

Brett's President and CEO Patrick Soares comments, "Brett continues to build on its drilling success at Hammond Reef. Step-out drilling south-east of Mitta Lake verifies the resource block model which predicts that thick mineralized gold lenses plunge gently to the north-east. Southwest of Mitta Lake, drilling verifies the presence of thick gold mineralized lenses that start near surface and reach a depth of approximately 300 metres below surface. These results are also consistent with the resource model that indicated that 97 percent of the 4.8 million ounce resource, (see news release dated October 15, 2008, on the Company website) lies within 300 metres of surface.

The Company would also like to announce that it has SEDAR filed its "Technical Report on Hammond Reef Gold Project, Ontario Canada", a 43-101 report authored by Scott Wilson Roscoe Postle Associates Inc. A copy of this report can be found on the Company website at www.brettresources.com or on SEDAR, www.sedar.com, along with the Companies other public filings.

The Company utilizes standard industry practices in quality control and quality assurance with insertion of blind standards, blanks, and duplicates, in addition to the quality assurance and quality control practiced by the assay laboratory. Sample preparation and analysis are conducted by ALS Chemex Laboratories with sample preparation in Thunder Bay, Ont. and analyses of pulps in North Vancouver, BC ISO/IEC guideline 17025 accredited facilities. The Project Manager and Qualified Person under the terms of National Instrument 43-101 responsible for the verification of work and data acquisition at Hammond Reef is John Zbeetnoff, P.Geo.

The Qualified Person responsible for this news release under the terms of National Instrument 43-101 is Patrick Soares, PGeo.

About Brett Resources Inc.

Brett Resources Inc. is a Canadian minerals exploration company whose primary mandate is the discovery, acquisition, and development of precious metals systems, with particular expertise in Canada and Latin America. Opportunities in the acquisition of tin and tungsten resources in North America and gold in Ontario have provided diversification to its asset portfolio.

ON BEHALF OF THE BOARD OF DIRECTORS OF
BRETT RESOURCES INC.

"Patrick Soares"

Patrick Soares, President & CEO


Cautionary Statements on Forward-Looking Information.
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

You can also view this News Release on our website at:
http://www.brettresources.com/s/NewsReleases.asp?ReportID=330923

VanEck Vectors Global Alternative Energy ETF

CODE : BBR.V
CUSIP : 10737B
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Brett Res. is a exploration company based in Canada.

Brett Res. is listed in Canada and in United States of America. Its market capitalisation is 226.8 millions as of today (US$ 224.3 millions, € 176.0 millions).

Its stock quote reached its lowest recent point on December 30, 2005 at 0.11, and its highest recent level on August 13, 2010 at 4.89.

Brett Res. has 47 442 200 shares outstanding.

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