BRS Resources Announces Letter of Intent
Published : July 11, 2013
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Keywords :   Italy | Natural Gas | Oil |

DALLAS, TX--(Marketwired - July 11, 2013) -  BRS Resources Ltd. ("BRS") (TSX VENTURE: BRS) is pleased to announce that AleAnna Resources LLC, an Italian exploration company in which BRS holds a membership interest, has executed a Letter of Intent with an undisclosed party ("party") to participate in AleAnna's exploration activities in Italy.

In the proposed agreement, the party will pay AleAnna a prospect fee and receive a non-exclusive license to AleAnna's propriety 3D data acquired in the Corte de Signori permit area totaling approximately 32,000 acres (129 sq km). In addition, the party will pay 100% of the cost to drill a well and, in return, earn 50% of the beneficial working interest. The parties have agreed on an area of mutual interest within the Corte dei Signori permit which represents approximately 4,000 acres (16 sq km).

BRS president and CEO Steve Moore commented, "It's great to see AleAnna Resources attract a new partner with such strong financial and technical resources. This agreement, combined with the recently executed participation in Po Valley Energy's Gradizza-1 well, ensure an active drilling program for AleAnna in 2013 and 2014."

ABOUT BRS RESOURCES

BRS Resources is listed on the TSX Venture Exchange under the symbol BRS. BRS is an upstream oil and gas exploration company focused on the Mediterranean region and, particularly onshore Italy. BRS's web site is www.brsresources.com.

ABOUT ALEANNA RESOURCES LLC

AleAnna is a Delaware (U.S.) limited liability Company. The Company's interests are in Italy, where it is building a presence with eight exploration permits and three permit applications in the Po Valley and Bradano basins, encompassing a total of 805,000 acres (3,250 sq km). In the Po Valley (northern Italy), AleAnna holds seven exploration permits and two exploration permit applications expected to be awarded in 2013. In the Bradano basin (southern Italy), AleAnna holds one exploration permit and one application is expected to be awarded in 2013. AleAnna Resources, LLC is owned by three experienced oil and gas exploration and production companies, including BRS Resources. AleAnna's web site is www.aleannaresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve Moore
President/CEO
Phone: 214.276.0373

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.

Disclaimer for Forward-Looking Statements

This press release includes certain "Forward-Looking Statements." Forward-looking statements are statements or projections that involve various risks and uncertainties regarding future events related to the Company's and/or AleAnna's plans. Forward-looking statements in this news release include statements regarding: (i) AleAnna's proposed drilling prospects and the estimated timing of same; (ii) AleAnna's discussions with working-interest partners and participation by other parties in the exploration of its projects; and (iii) AleAnna's future drilling goals generally. Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of the Company and AleAnna. These risks and uncertainties include, among other things, any negative change in the law, regulatory or political environment which would negatively affect BRS/AleAnna's ability to obtain permits necessary for drilling, BRS/AleAnna's lack of sufficient financing to proceed with proposed drilling, the continued price and demand for natural gas, BRS's ability to hire and retain personnel necessary to successfully operate its business, the speculative nature of natural resource exploration activities, changes in the operating costs, changes in economic conditions and conditions in the resource, foreign exchange and other financial markets, changes in the investments and exploration expenditure levels, litigation, legislation, environmental, judicial, regulatory, political and competitive developments in areas in which BRS operates, technological, mechanical and operational difficulties encountered in connection with the BRS' activities; and other risk factors detailed in BRS' various filings filed on Sedar at www.sedar.com. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.



For further information, please contact
Steven Moore
214.276.0373
Email Contact

Data and Statistics for these countries : Italy | All
Gold and Silver Prices for these countries : Italy | All

BRS Resources Limited

DEVELOPMENT STAGE
CODE : BRS.V
ISIN : CA05572T1030
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BRS Resources is a exploration company based in Canada.

BRS Resources develops coal in USA, and holds various exploration projects in USA.

Its main asset in development is TEXANNA COAL BED METHANE in USA and its main exploration property is WORTH PROSPECT in USA.

BRS Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.4 millions as of today (US$ 3.2 millions, € 2.9 millions).

Its stock quote reached its highest recent level on June 05, 2009 at CA$ 1.00, and its lowest recent point on August 19, 2016 at CA$ 0.02.

BRS Resources has 124 880 000 shares outstanding.

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Annual reports of BRS Resources Limited
Annual Report 2007
Financings of BRS Resources Limited
3/29/2013Announces Closing of $1,000,000 Convertible Note Issuance
Nominations of BRS Resources Limited
3/13/2011Announces Italy Operations Manager
2/23/2011Appoints New Director and President of Subsidiary
2/22/2011Appoints New President and CEO
Project news of BRS Resources Limited
9/29/2012Check out BRS Resources (TSX.V - BRS.V)
Corporate news of BRS Resources Limited
5/20/2016Hello world!
8/18/2015AleAnna Wins Approval of Environmental Impact Assessment for...
6/17/2014BRS Resources Provides Operational Update
10/23/2013Announces Drilling Prospects and Permit Application
9/12/2013Announces Partner in Italy Prospect
8/29/2013Announces Completion of Gradizza Exploration Well
7/11/2013Announces Letter of Intent
5/9/2013to Participate in Drilling Gradizza Exploration Well
2/16/2011Changes Name to BRS Resources Ltd. and Launches New Website
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