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Re:   News - Wednesday, May 28, 2008
      International KRL Resources Acquires Gold Project in Quebec
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INTERNATIONAL KRL RESOURCES ACQUIRES GOLD PROJECT IN QUEBEC

 

Vancouver -- Wednesday, May 28, 2008 -- International KRL Resources

Corp. (TSXV:IRK) is pleased to inform shareholders of its recently

acquired Lac d'Or Property in the James Bay region of northern Quebec.

 

The Lac d'Or Property is 100%-owned by International KRL and is

comprised of 72 units covering approximately 3,794 hectares (9,375

acres) in the highly prospective Eastmain greenstone belt.

International KRL's ground is strategically located in the vicinity of

several significant gold deposits and the Company is thereby poised to

take advantage of the potential for new discoveries within this emerging

mining camp. The Eastmain belt consists of volcanic and sedimentary

rocks which have excellent potential to host vein gold and VMS deposits.

 

The Property is immediately north of Eastmain Resources Inc.'s

Clearwater property, and is approximately 12 km northeast of Eastmain's

Eau Claire gold deposit. Eau Claire hosts a NI-43-101 compliant resource

of 1,029,332 tonnes @ 9.46 g/t gold (indicated) and 3,049,660 tonnes @

6.93 g/t gold (inferred), for a total resource of 992,655 oz. gold.

Eastmain recently reported drilling results which included visible gold

in 76 half-metre drill core samples averaging 70.74 g/t gold or 2.07

oz/ton (refer to Eastmain Resources (TSX:ER) news release dated April

2, 2008).

 

Another high-grade gold occurrence in the region is Goldcorp Inc.'s

Roberto deposit on the �l�onore property, located approximately 53 km

to the northwest. The Roberto deposit has been traced by drilling over

a strike length of 1.9 km and a depth of 1,300 metres, and remains open

in all directions. This world-class deposit contains a NI-43-101

compliant resource of 10.78 Mt @ 7.23 g/t gold (indicated) and 5.63 Mt

@ 6.47 g/t gold (inferred), for a total resource of 3.68 million oz.

gold.

 

The James Bay region has experienced a major boom in mineral

exploration since the discovery of the Roberto gold deposit in 2003.

Several mineral occurrences have been discovered in a variety of

metallogenic settings. In addition to the Troilus mine, the new James

Bay mining camp hosts nine deposits with NI-43-101-compliant indicated

mineral resources, namely: �l�onore (Au), Eau Claire (Au), Zone 32

(Au), Orf�e (Au), Eastmain mine (Au), MacLeod Lake (Cu), Lac Rocher

(Ni), Lac Levac (Cu-Ni-PGE) and the AM-15 Zone (U).

 

According to the Fraser Institute's 2007-2008 survey, Quebec ranks

second out of 68 mining jurisdictions under study for the

attractiveness of its mineral potential, and first worldwide for its

exploration investment attractiveness. Exploration in Quebec is also

very attractive as the provincial government offers a 45% rebate on

eligible expenditures for junior exploration companies.

 

With this latest acquisition, International KRL is able to further

diversify its property holdings and conduct exploration through the

winter. The Company is currently compiling information on this

property and is in the process of planning an exploration program.

 

Peter T. George, P.Geo., Consulting Geologist, is the Qualified Person

as per NI43-101, responsible for the technical information contained

herein.

 

International KRL Resources Corp. is a mineral exploration company

engaged in the acquisition, exploration and advancement of Canadian

mineral properties. It has a diversified property portfolio

prospective for uranium, copper and gold as well as silver-lead-zinc.

For more information on the property portfolio and International KRL

Resources Corp. please visit www.krl.net, www.sedar.com and

www.sec.gov websites.

 

 

For Further Information Please Contact:

 

Earl Hope, Investor Relations, 604-689-0299 x 232

Seamus Young, President and CEO, 604-689-0299 x223

 

Statements contained in this news release that are not historical facts

are forward-looking statements, which are subject to a number of known

and unknown risks, uncertainness and other factors that may cause the

actual results to differ materially from those anticipated in our

forward looking statements. Although we believe that the expectations

in our forward looking statements are reasonable, actual results may

vary, and we cannot guarantee future results, levels of activity,

performance or achievements.

 

The TSX Venture Exchange has neither approved nor disapproved the

information contained herein.




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Copyright (c) 2008 INTERNATIONAL KRL RESOURCES CORP. (IRK)  All rights
reserved.  For more information visit our website at
http://www.krl.net/ or send mailto:info@krl.net
Message sent on Wed May 28, 2008 at 6:15:57 AM Pacific Time
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