Apr. 27, 2010 (TheNewswire.ca) --
SUPREME RESOURCES LTD
3620 Crouch Avenue
Coquitlam, BC
V3E 3H4
NEWS RELEASE
April 27, 2010 Trading Symbol: SPR - TSX.V
SPRWF - US OTC
Supreme Resources Provides 2010 Exploration Update, Applies for Drill Permits
Vancouver, BC, April 27, 2010 Supreme Resources (OOTC:SPRWF) (TSXV:SPR) Ltd. ("Supreme" or the "Company")(SPR - TSX.V) is pleased to provide an exploration update on its projects and has applied for drilling permits with Ministry of Energy, Mines and Petroleum Resources BC, Canada.
"We are all looking forward to the upcoming 2010 exploration programs on our TAS, Verde & Ample Goldmax projects. The previous exploration results on these projects warrant further investment, exploration and development to determine the geological & economic potential from these properties." states CEO Allan Levien.
Key Highlights Include:
TAS PROJECT - Copper/Gold/Silver/Zinc - Located in the Copper Mountain Mining Camp, Princeton, BC Canada
- .Titan 24 Deep Earth Imaging Survey completed detected a geophysical signature similar to that of the Pit 3 of the adjoining Copper Mountain Mining Corp's copper/gold/silver mine (CUM.T);
- .28 exploration targets have been identified on the TAS property ranking from high, medium and low priorities;
- .6 geochemical anomalies were identified;
- .12 high priority drill targets were identified on the TAS project;
- .Completed 3 exploratory drill holes testing the identified Titan 24 anomaly;
- .Previous exploration results reported a 10.0m trench grading 0.324% Cu and 3.64g/t Ag and drill core assay of 1.4% zinc across 4 meters;
- .28 new drill targets identified;
- .Drill permits pending;
VERDE PROJECT - Copper/Gold/Silver - Located in the Copper Mountain Mining Camp, Princeton, BC Canada
- .Sampling of high priority targets completed;
- .Sampled in March, 2010 0.54% copper, 4.1 grams/tonne silver and 0.235 gram/tonne gold;
- .Soil Geochemical Survey completed April 2010 outlined a strong northeast-southwest trending copper anomaly associated with trench-1. The anomaly extends 200 meters in a northeast direction and 100 meters in a southwest direction from trench-1 and is open to the northeast.
- .Second discovered geochemical anomaly is 100 meters by 100 meters with copper values ranging up to 2752 ppm;
- .10 new drill targets identified;
- .Drill permits pending;
AMPLE GOLDMAX PROJECT - Gold - BC, Canada
- .Completed seven drill holes with intercepts as high as 11.76g/t gold (0.414 opt) over 8.2m (26.9 feet);
- .Compile 3D imaging model from previous drill program data;
- .Plans to drill in 2010;
The management is in discussions with certain investors regarding an upcoming private placement of up to $ 2,000,000 in flow through Tax Credit financing. These funds will enable the company to further explore and develop its properties.
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:
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 and the US Securities and Exchange Commission.
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