Mano River Resources Inc

Published : August 10th, 2009

Mining Licence Granted for New Liberty Gold Project in Liberia

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Keywords :   Gold | Gold Mine | Ireland | Iron | Liberia | Silver |
=======================================================================
Re:   News Release - Monday, August 10, 2009
      Mining Licence Granted For New Liberty Gold Project In Liberia
=======================================================================

Mano River Resources Inc. ("Mano" or the "Company") the TSX Venture
Exchange ("TSX-V") and AIM listed exploration to production company
focused on gold, iron ore and diamonds in West Africa is pleased to
announce it has been granted by the Government of Liberia its Class 'A'
Mining licence within the Bea Mineral Development Agreement ("MDA").

Highlights

- Class 'A' 25 year Mining Licence granted on 29 July 2009
- Bankable Feasibility Study for underground mine planned for
  completion by the end of 2010
- Up to 10,000m drilling programme planned to assist feasibility study
- Current resource of 1.4 Moz, (NI 43-101) 13.533Mt measured and
  indicated at 3.18 g/t gold with further potential

Luis da Silva, President & CEO of Mano commented:

"This represents another positive step forward towards commercial
production from Liberia's first ever hard rock gold mine. The support
from the Government of Liberia is evident to achieving the Company's
goals and we are now in a position to undertake the confirmation
drilling in advance of completing a bankable feasibility study in 2010
for an underground mine targeting 100,000oz pa. We are in the process
of finalising a new geological model with a firm of independent
consultants, incorporating the positive drilling results received in
2008 from below 200m, including 23m grading 4.95 g/t and 26m grading
5.04 g/t. In addition the Company will also be looking to further grow
the resource base on the Bea MDA through advancing exploration of the
satellite gold deposits at Weaju and the Silver Hills and Gondoja
prospects, which lie in close proximity to the New Liberty Gold
Project.."

Mineral Title

The Ministry of Lands, Mines and Energy of The Republic of Liberia has,
after a detailed review, granted the Class 'A' Licence whereby, having
satisfied all necessary exploration requirements under the Law, the
Company is entitled to mine in the production area it has selected
within the Bea MDA. This production area reduces the ground holding
from 1,000km2 to 457 km2. The 25 year renewable mining licence became
effective on 29 July 2009 and is held through the Company's 100% owned
subsidiary incorporated in Liberia, the Bea Mountain Mining
Corporation.

Confirmation Drilling

Following the review of the geological data by AMC Consultants (UK)
Limited ("AMC") in the second half of 2008 whereby the recommendation
was for an underground mining method at the New Liberty gold deposit.
AMC was then mandated in July 2009 to incorporate the new drilling data
from 2008's deeper drilling campaign. The 2008 drilling (holes
K115-K130) produced some of the best intersections achieved to date at
the New Liberty gold deposit, as illustrated in Table 1, below.

Table-1: Ranking of Top 20 Intersections at New Liberty gold deposit

                Top 20 Intersections
----------------------------------------------------
Ranking   Hole ID   From   To    Length   Au
                    (m)    (m)   (m)      (Mean g/t)
----------------------------------------------------
1         K63       55     92    37       8.45
----------------------------------------------------
2         K10       32     82    50       4.30
----------------------------------------------------
3         K13       20     46    26       6.20
----------------------------------------------------
4         K2        24     40    16       8.81
----------------------------------------------------
5         K126      144    170   26       5.04
----------------------------------------------------
6         K96       43     62    19       6.76
----------------------------------------------------
7         K116      210    245   35       3.59
----------------------------------------------------
8         K70       48     100   52       2.23
----------------------------------------------------
9         K115      205    228   23       4.95
----------------------------------------------------
10        K3        36     62    26       4.10
----------------------------------------------------
11        K24       56     78    22       4.80
----------------------------------------------------
12        K47       54     86    32       3.29
----------------------------------------------------
13        K49       47     57    10       10.08
----------------------------------------------------
14        K52       47     61    14       6.97
----------------------------------------------------
15        K14       26     34    8        12.10
----------------------------------------------------
16        K95       10     24    14       6.92
----------------------------------------------------
17        K69       60     74    14       6.63
----------------------------------------------------
18        K98       41     79    38       2.40
----------------------------------------------------
19        K129      223    255   32       2.66
----------------------------------------------------
20        K20       56.09  77    20.91    3.90
----------------------------------------------------

The modelling by AMC will enable the Company to optimally target its
next phase of confirmation drilling. This will consist initially of
diamond drill holes totalling between 8,500m and 10,000m to depths of
300m below surface, to enable further modelling of the deposit. The
Company will also consider drilling additional holes to -500m towards
the end of the drilling campaign. The model will be 'live', whereby new
drilling data will be actively inserted into the 'wireframe' to adapt
the ongoing drilling as necessary. Completion of this drilling is
expected by the end of 2009.

ENDS

Qualified Person

Mano's Qualified Person responsible for preparing this release is its
former Director and CEO, Dr Tom Elder, who holds a BSc and Doctorate in
Geology from the University of Durham in the UK, is a Fellow and former
Member of Council of the Institution of Mining and Metallurgy of the
UK, and a Fellow of The Geological Society.

Quality Control and Sample Preparation

Mano has a rigorous Quality Control Program (QCP) inserting a minimum
5% of standards, blanks and duplicates into the sample stream. The
Company employs independently owned and managed OMAC Laboratories for
all its assay requirements, including the preparation of pulps to 90%
-100 micron at their in-country preparation facilities in Liberia,
followed by XRF at their main laboratory in Loughrea, Ireland.

OMAC is accredited to ISO 17025 by INAB (Irish National Accreditation
Board) which is a member of ILAC (International Laboratory
Accreditation Cooperation), and is a signatory to the ILAC Mutual
Recognition Arrangement. OMAC operates an internal QA/QC check assay
programme using in-house standards, reagent blanks and duplicates.

For further information on Mano River Resources and its exploration
programme, you are invited to visit the Company's website at
www.manoriver.com or contact one of the following:

Mano River Resources Inc.
Luis da Silva, CEO
Tel: +44 (0) 20 7299 4212

Evolution Securities Limited
Simon Edwards / Chris Sim / Neil Elliot
Tel: +44 (0) 20 7071 4300

Pelham Public Relations
Charles Vivian / James MacFarlane
Tel: +44 (0) 20 7337 1500

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accept responsibility for the adequacy or accuracy of this release.

NOTES TO EDITORS

Drilling programme of 2008

During the first half of 2008, the Company drilled deeper holes in
order to ascertain with confidence the continuity of the ore body at
depth. This drilling consisted of 15 additional holes (identified as
K115-K130) totalling 4,485m in an effort to intersect the structure at
approximately -200m and -550m, below surface. One hole, number 123, was
abandoned. Three of the Top 10 intersections and four of the top 20
intersections resulted from this campaign.

Table-2: Full Results of the 2008 Deep Drilling Campaign - drill
collars & mineralization intervals

---------------------------------------------------------------------
Hole ID  Easting  Northing  Depth      From   To   Length   Au
                                       (m)    (m)  (m)      (Mean g/t)
---------------------------------------------------------------------
K115     10775    9580      266        205    228  23       4.95
---------------------------------------------------------------------
K115                              Inc. 212    224  12       9.12
---------------------------------------------------------------------
K116     10725    9600      256        210    245  35       3.59
---------------------------------------------------------------------
K116                              Inc. 218    235  17       7.03
---------------------------------------------------------------------
K117     10825    9600      251        201    211  10       0.30
---------------------------------------------------------------------
K117                              Inc. 204    208  4        0.54
---------------------------------------------------------------------
K118     10750    9360      605        557    581  24       0.36
---------------------------------------------------------------------
K118                              Inc. 565    568  3        1.62
---------------------------------------------------------------------
K119     10875    9605      247        169    173  4        0.49
---------------------------------------------------------------------
K119                              and  227    231  4        0.28
---------------------------------------------------------------------
K120     10796    9360      564        506    525  19       1.18
---------------------------------------------------------------------
K120                              Inc. 517    520  3        6.21
---------------------------------------------------------------------
K121     10675    9603      258        173    200  27       0.67
---------------------------------------------------------------------
K121                              Inc. 184    194  10       1.45
---------------------------------------------------------------------
K122     10925    9605      241        156    161  5        0.43
---------------------------------------------------------------------
K124     11498    9551      250        148    181  33       1.40
---------------------------------------------------------------------
K124                              Inc. 172    180  8        4.85
---------------------------------------------------------------------
K124                              and  191    200  9        1.45
---------------------------------------------------------------------
K125     11558    9550      250        139    145  6        0.24
---------------------------------------------------------------------
                                  Inc. 155    158  3        0.83
---------------------------------------------------------------------
K126     11618    9550      250        144    170  26       5.04
---------------------------------------------------------------------
                                  Inc. 158    170  12       10.39
---------------------------------------------------------------------
                                  and  187    193  6        0.69
---------------------------------------------------------------------
                                  and  201    207  6        1.33
---------------------------------------------------------------------
                                  and  204    206  2        3.72
---------------------------------------------------------------------
K127     11675    9550      250        136    150  14       2.58
---------------------------------------------------------------------
                                  Inc. 137    148  11       3.18
---------------------------------------------------------------------
                                  and  173    202  29       0.41
---------------------------------------------------------------------
                                  and  190    197  7        1.01
---------------------------------------------------------------------
K128     12260    9390      256        162    163  1        0.87
---------------------------------------------------------------------
                                  Inc. 174    176  2        0.21
---------------------------------------------------------------------
                                  and  179    180  1        0.49
---------------------------------------------------------------------
K129     12122    9400      255        162    164  2        0.25
---------------------------------------------------------------------
                                  and  172    173  1        0.26
---------------------------------------------------------------------
                                  and  197    203  6        1.44
---------------------------------------------------------------------
                                  Inc. 223    255  32       2.66
---------------------------------------------------------------------
                                  and  226    245  19       4.37
---------------------------------------------------------------------
K130     11934    9450      255        211    253  42       0.33
---------------------------------------------------------------------
                                  Inc. 231    237  6        1.06
---------------------------------------------------------------------
                                  and  250    253  3        0.99
---------------------------------------------------------------------

=======================================================================
Copyright (c) 2009 MANO RIVER RESOURCES INC. (MANA)  All rights
reserved.  For more information visit our website at
http://www.manoriver.com/ or send mailto:releases@manoriver.com
=======================================================================
.
<
Data and Statistics for these countries : Ireland | Liberia | All
Gold and Silver Prices for these countries : Ireland | Liberia | All

Mano River Resources Inc

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Mano River is a gold and iron exploration company based in Canada.

Mano River develops gold, iron and diamonds in Sierra Leone, and holds various exploration projects in Cameroon, in Liberia and in Sierra Leone.

Its main asset in development is KONO in Sierra Leone and its main exploration properties are NTEM, TCHOLLIRE / REY BOUBA and DJOUM / AKONOLINGA in Cameroon and MANO RIVER, YRISEN - PAMPANA NORTH, SONFON NORTH / SOUTH, NIMINI and SE SIERRA LEONE REPL in Sierra Leone.

Mano River is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 146.6 millions as of today (US$ 117.2 millions, € 107.5 millions).

Its stock quote reached its lowest recent point on November 28, 2008 at CA$ 0.01, and its highest recent level on December 16, 2016 at CA$ 1.54.

Mano River has 151 090 000 shares outstanding.

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Financings of Mano River Resources Inc
5/30/2008Announces Closing of Private Placement
Option Grants of Mano River Resources Inc
1/29/2008Grant Of Options
Nominations of Mano River Resources Inc
5/13/2009Board Appointment
3/31/2008Stellar Diamonds Closes £2.375 Million Pre-IPO Financing and...
1/21/2008Appoints Lord Daresbury
Project news of Mano River Resources Inc
8/10/2009(New Liberty)Mining Licence Granted for New Liberty Gold Project in Liber...
2/21/2008(Kono)Highly Encouraging Diamond Grades from Underground Trial Min...
4/19/2006Resumes drilling at KGL
3/23/2006announces further promising drilling results from its Weaju ...
Corporate news of Mano River Resources Inc
8/31/2009Publication of Quarter 2 2009 Accounts
7/3/2009And African Aura Sign Definitive Combination Agreement In Re...
6/25/2009Result of Annual General Meeting
6/16/2009Stock Option Correction
5/21/2009Stellar Diamonds Operational Update
5/15/2009and African Aura Announce Extension to the Deadline to Concl...
7/3/2008Director Dealing
7/3/2008.: Holdings in Company
6/19/2008First 1,000 Carats Produced from Underground Trial Mining at...
5/23/2008Signs Agreements With Severstal for Investment in Mano
1/23/2008Update on New Liberty Gold Project in Liberia
1/14/2008Posting of Circular
10/12/2007Encouraging Diamond Results from Tongo Project in Sierra Leo...
9/20/2007Encouraging Diamond Grades From Underground Test Mining at K...
9/14/2007Directorate Changes
8/28/2007Director Dealing
8/20/2007 Releases Rule 26 Information.
8/10/2007Changes Fiscal Year-End to December 31st
7/24/2007to Raise £2.3 Million Through Convertible Loan Notes
4/5/2007Plans Listing of "Stellar Diamonds" Subsidiary
3/20/2007Changes To Board Of Directors
3/15/2007on Putu Range Iron Ore Project in Liberia
3/29/2006and SearchGold conclude joint venture in Guinea aimed at ear...
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TSX-V (MNO.V)LSE (MANA.L)
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