January 7, 2008, Halifax, Nova Scotia - Etruscan Resources Inc. (EET.TSX) reported that an updated resource estimation has been completed for the Tabakoroni deposit on the Finkolo Permit in southern Mali. The resource estimation was undertaken by Etruscan�s joint venture partner Resolute Mining Limited ("Resolute"). At a 1 gram per tonne cutoff, Resolute has reported 4.62 million tonnes of measured and indicated resource at 2.6 g/t (382,000 ounces) and a further 4.54 million tonnes of inferred resource at 2.5 g/t (364,000 ounces). This represents a 53% increase of contained gold over the previous estimation reported in 2006 (see Resolute Mining Limited Quarterly Report June 30, 2006 and Resolute Mining Limited press release dated January 7, 2008).

A detailed breakdown of the resource classification at varying cutoff grades is presented in Table 1. The resource has been reported to both JORC and 43-101 standards. A 43-101 compliant report on the Tabakoroni Resource Estimation will be filed on SEDAR within 45 days.