RATEL GROUP ANNOUNCES NEW DRILL PROGRAM FOR THE SEGILOLA GOLD PROJECT

Jun. 8, 2011 (Canada NewsWire Group) --

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE

PERTH, Western Australia, June 8, 2011 /CNW/ - The Board of Ratel Group Limited ("Ratel", "the Company") (TSX Code : RTG) is pleased to announce  that it is carrying out a further drill program at the Segilola Gold Project in Nigeria.

The aim of this new drill program is to test the strike and depth (plunge) extensions of the existing known mineralised zone. A recent review of the original drilling results by Stephen Mawson (Consulting Geologist) indicates that the mineralised zone is open in both strike and dip directions and these areas will be tested within the proposed drill program. There is also evidence of a plunge to the North (strike) of the high grade mineralised zone, this area is to be drill tested to determine suitability for underground mining.

A contract has been executed with Geohydro Consulting Limited, a Zambian based drilling contractor who recently successfully completed a drill program at Ratel's Mkushi project in Zambia. The new LongYear Diamond Drilling Rig and ancillaries have arrived at Apapa port in Lagos, Nigeria and customs formalities are scheduled to be completed this week.  The program will include an additional 4,200m and should be completed in the third calendar quarter of 2011.

ABOUT RATEL GROUP LIMITED

Ratel is listed on the main board of the Toronto Stock Exchange and is a mining exploration company focused on developing gold and copper deposits in Africa.

The Company is earning a 51% interest in the Segilola Gold Project in Nigeria, the largest undeveloped gold resource identified in Nigeria and holds a 51% interest in the Mkushi Copper Project in Zambia.  At the Segilola Gold Project, Ratel has identified a maiden NI 43-101 compliant indicated resource of 520,000 ounces of gold contained in 3,658,000 tonnes at a grade of 4.4g/t and an inferred resource of 97,600 ounces of gold contained in 790,200 tonnes at a grade of 3.8g/t from just the first pass 11,000m drill program.

Ratel has an experienced management team, and is further supported by the management team of CGA Mining Limited, a 19% shareholder in the Company. CGA is a member of both the S&P/TSX Global Gold and Global Mining Indices. Ratel will be focused on further developing its current resource interests and identifying new opportunities in Africa to both grow its reserve and resource base and enhance the Company's ability to move quickly to a producer.

For further information about the Company, please refer to the Company's filings on SEDAR (www.sedar.com).

NATIONAL INSTRUMENT 43-101 COMPLIANCE

Mr Geoff.G.Jones, F.Aus.I.M.M.CP Mng, a qualified person under NI 43-101, has reviewed the contents of this press release.

Mr. Alfred John Gillman of Odessa Resources Pty Ltd, an independent qualified person experienced in the style of mineralisation at the Segilola Gold Project, has completed the resource statement for the Segilola Project as referred to in this announcement, including verification of the sampling, analytical and test data underlying the estimate. Verification also included a site visit, database validation of historical drill results and a review of sampling and assaying protocols.  The qualified person was satisfied with all of the protocols used during the drilling, sampling and in the Segilola resource estimate compilation and computation.

With regard to the Mkushi Copper Project, Matthew Nimmo of Snowdens is the qualified person and has verified the resource statement as disclosed in this announcement, including sampling, analytical and test data underlying the estimate. Verification of the data included numerous site visits, database validation of historical drill results and review of sampling and assaying protocols.  The qualified person was satisfied with the verification process.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, the use of net proceeds are forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainties relating to the completion of a bankable feasibility study; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need to meet certain conditions stipulated in the Segilola Joint Venture Agreement in order to maintain the Company's interest in the Segilola Gold Project; the need for cooperation of government agencies in the development of the Company's mineral projects; the need to obtain additional financing to develop the Company's mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for the Company's mineral projects; and other risks and uncertainties disclosed under the heading "Risk Factors" in the Management Information Circular of the Company dated November 19, 2010, filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com.