SUPREME RESOURCES LTD. PRIVATE PLACEMENT ANNOUNCED

May 3, 2010 (TheNewswire.ca) --

May 3, 2010 Trading Symbol: SPR - TSX Venture Exchange

SPRWF - US OTC

SUPREME RESOURCES LTD. (the "Company") announces a non-brokered private placement consisting of up to 4,166,666 units (the "Units") at a purchase price of $0.12 per Unit to raise gross proceeds of up to $500,000 (the "Private Placement"). Each Unit will consist of one flow-through common share and one-half of a non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company for a period of one year from the date of issuance, at a purchase price of $0.20 per share.

The Company will pay finder's fees to arm's length parties ("Finders") in connection with the Private Placement, equal to 5% of the gross subscription proceeds realized from the sale of Units by the respective Finder, payable in cash and in addition will issue common shares equal to 5% of the number of Units sold by the respective Finder.

The securities issued will be subject to a hold period of four months and one day.

The Private Placement is subject to approval by the TSX Venture Exchange.

Proceeds of the Private Placement will be used to incur expenditures which qualify as Canadian exploration expenses and will be spent primarily on the Company's TAS and Verde Projects located in the Copper Mountain Mining Camp near Princeton, British Columbia and the Ample-Goldmax Property located near Lillooet, British Columbia.

Further news will be forthcoming in the near future.

ON BEHALF OF THE BOARD

"Allan Levien"

____________________________

Allan Levien

President

Contact: Allan Levien CEO/President

(604) 941 3716

aelevien@supremeresourcesltd.com

About Supreme Resources Ltd (OOTC:SPRWF) (TSXV:SPR) :

Supreme Resources Ltd. (SPR - TSX.V) is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources' goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.

Website: www.supremeresourcesltd.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. 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 are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission, Alberta Securities Commission and the US Securities and Exchange Commission.

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