ASX and Media Release

Drill Results at Avrebo show Additional Ounces

31 January 2008

Emerging gold producer Adamus Resources Limited (ASX:ADU) is pleased to announce further ongoing exploration success in its Ghana gold project, with additional positive results from drilling at its Avrebo prospect revealing more high grade gold mineralisation at shallow depths.

Results included intercepts of:

In conjunction with previous drilling and trenching, the new results indicate potentially economic gold mineralisation at shallow depths and from surface over a 150-200m strike length.   A program of RC drilling was completed in November and December to infill the central 380 metre strike of the deposit to nominal 20m x 20m spacing to provide sufficient assay data to calculate a reliable mineral resource estimate.  RC drilling totalled 2,114 metres in 31 holes (including precollars to diamond core holes).  Fourteen holes were extended with HQ core tails, testing mineralisation to 100-150 meters depth over the central 120 metres of strike.  Core drilling totalled 1,553 metres.

The lightly explored Avrebo prospect is part of the Company’s flagship Southern Ashanti Gold Project in Ghana, where Adamus has an existing gold mineral resource of 17Mt @ 2.2g/t for 1,200,000 oz (Measured and Indicated) together with 6.3Mt @ 1.9g/t for 390,000 oz (Inferred).

The Company’s mineral resource and ore reserve base is currently being re-calculated in light of current economic parameters and the previously announced results of the Company’s drilling program over the past nine months.  The updated mineral resource and ore reserve estimates are scheduled for completion in the first quarter of 2008.

� ����������������������Avrebo Drilling – Location Plan

Avrebo Drilling – Cross Section

Southern Ashanti Gold Project

Avrebo RC Drilling

Summary of Drill Intersections >10g/t metres Au

Notes

1)  ** indicates pre-collar to diamond core hole, mineralisation not expected.

2)  * indicates intercept in diamond core

3)  RC samples collected in 1m intervals and riffle split.  Half sawn HQ diamond core submitted for assay.

4)  Assaying conducted by Transworld Laboratories, Tarkwa, Ghana using industry standard 50g lead collection fire assay with AAS finish.

5)  Reference standards, field duplicates and blank samples are routinely inserted at 1:20 and assays of quality control samples are routinely monitored.

6)  Assays are reported to 3 significant figures within the limits of 0.01g/t analytical precision.

7)  Lower intersection cut-off grade 0.5g/t Au, no assay exceeds 20g/t.

8)  Maximum included internal dilution 4m.

9)  NSI indicates no significant intercept.

9)  NSI indicates no significant intercept.

About Adamus

Adamus Resources Limited is a Perth-based mineral exploration company, listed on Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V) and Frankfurt Stock Exchange Open Market (FSE).

The Company’s primary focus is on exploring, realising and expanding the economic potential of the Southern Ashanti Gold Project in Ghana, West Africa.  The Project encompasses approximately 500km� of tenure in the Ashanti Gold Belt – host to over 60moz of gold and the Project boasts excellent access to port and road infrastructure.  Ghana is a stable West African country with a long history and some of the world’s largest gold mining operations.  Gold production is vital to the national economy.  Members of the Adamus Board and management team have proven records in mineral exploration, project development and project financing.

For further information please contact:

Kind regards.

Mark Bojanjac

Managing Director/CEO

Information in this announcement pertaining to exploration results and mineral resources was compiled by Gary Brabham, a consultant to  Adamus, who  is a Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists and has more than 5 years experience in estimation of recoverable resources in gold deposits.  He qualifies as a “Qualified Person” under Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Gary Brabham has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a “Competent Person” as defined in the JORC Code.  Gary Brabham consents to the inclusion in the announcement of the matters based on this information in the form and context in which it appears.

The TSX-V and ASX does not accept responsibility for the adequacy or accuracy of this release.  No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Caution Regarding Forward Looking Statements.

Statements regarding Adamus' plans with respect to its mineral properties are forward-looking statements.  There can be no assurance that Adamus' plans for development of its mineral properties will proceed as currently expected.  There can also be no assurance that Adamus will be able to confirm the presence of additional mineral deposits, that any mineralization will prove to be economic or that a mine will successfully be developed on any of Adamus' mineral properties.  Circumstances or management’s estimates or opinions could change.  The reader is cautioned not to place undue reliance on forward-looking statements.

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