ALIVA DRILLING EXTENDS MAIN OXIDE ZONE

Adamus Resources Limited (ASX:ADU) is pleased to report that recent RC drilling has extended the mineralised zone at the Aliva prospect and identified a possible new parallel zone of mineralisation.

The Aliva prospect is located 9km southeast of the Nzema process plant and is located 1km from the recently constructed haul road. Twenty RC holes for 1,391m were drilled at the Aliva prospect in January 2011 to infill and extend previous drilling.

Best results include :

The drilling has extended the mineralised zones down dip and confirmed the continuity between holes. ALRC106 and ALRC107 have extended the main zone 60m down dip and the mineralisation remains open. Significantly ALRC106 intersected mineralisation from surface in what may be a new parallel mineralised zone.

The mineralisation is associated with quartz veins in a sequence of shallow dipping phyllites and sandstone similar to the sequence of rocks that host the Anwia Deposit 4km to the north. The Aliva prospect is located within a soil anomaly that extends 4.5km in a NE-SW direction. To the south drilling has tested the soil anomaly to the boundary of Adamus� licence but to the north the anomaly has only been marginally tested and the mineralisation is open.

Further RC drilling is required to test the extent of the mineralisation intersected in the top of hole ALRC 106 and further drilling is required down dip of the main zone. Previous shallow drilling suggests multiple parallel mineralised zones may exist in both the footwall and hanging wall.

Additional Oxide Prospects

Regional exploration has progressed during January with four soil sampling teams active on the Asanta and Apa Tam licences surrounding the mine. An additional four soil sampling teams are scheduled to commence work soon on the Hotopo licence 35km to the southeast.

Planning for RC drilling at the Avrebo and Nfutu oxide prospects is also in progress. RC drilling at Avrebo will test a soil anomaly that extends south from the southern end of Castle Minerals Akoko South prospect.

Sulphide Exploration Drilling Continues

Diamond and RC drilling is continuing with two drill rigs working double shift at various locations along the Salman Trend. Three diamond holes are planned to test the depth extent of the ore zones below the Teberru 04 and Salman South and Salman Central deposits. The first hole at Teberru 04 has been completed and intersected a ~10m wide mineralised zone. Assay results for this interval will be available in March. Planning is well advanced for the commencement of resource definition and resource extension drilling at the Anwia and Bokrobo prospects.

A mineral resource update is planned for mid 2011, and results from the oxide and sulphide exploration programs will be incorporated into this mineral resource update.

Commissioning Update

Commissioning of the Nzema Gold Project process plant and facilities to date has met or exceeded expectations and the EPCM (Engineering, Procurement and Construction Management) contractor, Lycopodium Engineering, has now demobolised from site.

Adamus has assumed full responsibility for the plant whilst mining, contracted out to AMS (African Mining Services), is proceeding to achieve daily targets with both excavators working full shifts.

Regards

Mark Connelly
Managing Director/CEO