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Reliance Mining Limited

Published : June 22nd, 2012

Resources Ltd. - Private Placement

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Re:       News Release - Friday, June 22, 2012
Title:     Reliance Resources Ltd. - Private Placement
VANCOUVER, BRITISH COLUMBIA -- June 22, 2012. Reliance Resources Limited (the "Company") reports that it has arranged a non-brokered private placement to raise gross proceeds of up to $1.2 million by the sale of up to 8,000,000 common shares at a price of $0.15 per share. In addition, certain insiders of the Company have arranged a sale of approximately 2,465,000 shares of the Company at a price of $0.15 per share through the facilities of the TSX. The proceeds from this sale will be used to partially fund the aforesaid private placement.

Proceeds from the private placement will be used to fund its Indonesian Gold projects and for working capital. The private placement is subject to regulatory approval.

On behalf of the Board of Directors of Reliance Resources Ltd.

Media Information, contact:
Scott Emerson, President
se@relianceresources.com

Investor Information, contact:
Mike Kordysz,
mk@relianceresources.com

View News Release in PDF Format:
Associated File: http://www.relianceresources.com/i/pdf/2012-06-22_NR1.pdf
13 KB in size, approx. 3 seconds to download at 56.6Kbps
Copyright � 2012 RELIANCE RESOURCES LTD. (TSX-V:RI) All rights reserved. For more information visit our website at http://www.relianceresources.com/ or send email to info@relianceresources.com ..
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Reliance is based in Australia.

Reliance produces nickel in Australia, and holds various exploration projects in Australia.

Its main asset in production is BETA HUNT in Australia and its main exploration properties are REEDY CREEK, KAMBALDA DOME MINES, KERANG and LAKE MACKAY in Australia.
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