Brett Resources Inc

Published : February 05th, 2009

Step-out Drilling Looks to Expand the 4.8 Million Ounce Gold Resource at Hammond Reef, Ontario

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News Release Thursday, February 05, 2009
Step-out Drilling Looks to Expand the 4.8 Million Ounce Gold Resource at Hammond Reef, Ontario

NR-09-02

Brett Resources Inc. (TSX Venture Exchange - BBR) is pleased to report that diamond drilling at the Hammond Reef Gold Deposit, 23 kilometres north of the town of Atikokan in Northwestern Ontario will start this week. Brett Resources has cash resources of $7 million. Due to the current economic climate, the Company plans to have more focused drill campaigns obtaining and processing results before commencing next phase of drilling. The initial exploration phase will consist of approximately 5,000 metres of diamond drilling. Exploration costs are more reasonable than they were a year ago allowing the Company to reduce its unit costs at the same time as it expands its exploration plans.

In October of 2008, an NI 43-101 technical report by Scott Wilson Roscoe Postle Associates Inc. disclosed an inferred resource at Hammond Reef of approximately 4.8 million ounces of gold at a grade of 1.05 grams per tonne utilizing a 0.6 gram per tonne gold cutoff. A copy of this report can be found on the Company website at www.brettresources.com on the home page or on SEDAR (www.sedar.com) with the Company's other public filings.

The first phase of the 2009 Hammond Reef diamond drill program is designed to explore the southern portion of the Hammond Reef deposit by strategically drilling a number of step-out holes in areas thought to have good potential to extend the resource. In addition, Brett plans to complete two exploration holes designed to test surface mineralization discovered during the exploration programs in 2007 and 2008. Surface channel sampling at these locations identified significant widths of gold mineralization, including 18.2 metres of 1.23 grams per tonne Au within an open ended zone of 46.7 metres of 0.72 grams per tonne Au. These targets are located along the strike but two kilometres northeast of the current deposit.

A summer exploration program is being designed to test our 100 percent Hammond Reef patented claims as well as the contiguous properties that Brett has under option. The objective is to identify new exploration targets and detail known occurrences in preparation for drill investigation.

Brett will continue to collect required baseline information in preparation for an initial Preliminary Economic Assessment (scoping study). Metallurgical testwork indicates that Hammond Reef gold recoveries exceed 90 percent. Additional metallurgical work starting in the first quarter will review ways to improve gold recoveries and evaluate several potential process flowsheet options.

The drill program and the technical studies will guide future activities intended to advance the Hammond Reef deposit towards production. In addition, Brett will expand community consultation efforts, seeking collaboration with all parties interested in the project.

The Qualified Person responsible for this news release under the terms of National Instrument 43-101 is Patrick Soares, PGeo.

About Brett Resources Inc.

Brett Resources Inc. is a Canadian minerals exploration company whose primary mandate is the discovery, acquisition, and development of precious metals systems, with particular expertise in Canada and Latin America. Since 2006 Brett's primary focus has been the 100 percent owned Hammond Reef Gold Deposit in Ontario where a C.I.M. inferred resource of 4.8 million ounces of gold at a grade of 1.05 gram per tonne utilizing a 0.6 gram per tonne gold cut-off has been outlined. The Company will continue to advance this project during 2009.

ON BEHALF OF THE BOARD OF DIRECTORS OF
BRETT RESOURCES INC.

"Patrick Soares"

Patrick Soares, President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

You can also view this News Release on our website at:
http://www.brettresources.com/s/NewsReleases.asp?ReportID=337259

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Brett Resources Inc

CODE : BBR.V
CUSIP : 10737B
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Brett Res. is a exploration company based in Canada.

Brett Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 414.2 millions as of today (US$ 409.8 millions, € 321.4 millions).

Its stock quote reached its lowest recent point on December 30, 2005 at CA$ 0.11, and its highest recent level on August 13, 2010 at CA$ 4.89.

Brett Res. has 86 654 000 shares outstanding.

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In the News and Medias of Brett Resources Inc
3/30/2006Management Refocuses Brett
Annual reports of Brett Resources Inc
2008 Annual Report
2007 Annual Report
Financings of Brett Resources Inc
7/10/2009Completes $14,030,000 Bought Deal Financing
6/19/2009Increases Bought Deal Offering to $12.2 Million
6/17/2009Announces $10 Million "Bought Deal" Financing
6/30/2008Closes $3.0 Million Non-Brokered Private Placement
6/24/2008Closes $6.75 Million Brokered Private Placement
6/4/2008Increases Private Placement Financing to $9.75 million
1/14/2008 Announces Early Expiry of Warrants
Option Grants of Brett Resources Inc
3/21/2006announces stock options
Nominations of Brett Resources Inc
7/17/2009Appoints New Board Member and Grants Options
Project news of Brett Resources Inc
9/3/2009(Hammond Reef)Hammond Reef Project to Recover 93% of the Gold
7/23/2009(Hammond Reef)Hammond Reef Inferred Gold Resource Grows to 5.2 Million Oun...
6/8/2009(Hammond Reef)Awards Scoping Study Contract for Hammond Reef, Ontario
2/5/2009(Hammond Reef)Step-out Drilling Looks to Expand the 4.8 Million Ounce Gold...
6/2/2008(Hammond Reef)and Kinross Complete Hammond Reef Purchase Agreement
5/27/2008(Hammond Reef)Drilling Expands Mineralization along Strike
3/27/2008(Hammond Reef)Consolidates Ownership of Hammond Reef Project and Forms Str...
8/2/2007Intersects 244.5 metres of 1.04 g/t Gold at Hammond Reef
6/25/2006(Coal Creek)2006 Technical report
6/15/2006(Hammond Reef)2006 Technical report
6/12/2006commences drilling on Santa Clara project, El Salvador
3/2/2006(Sleitat)2006 Technical report
Corporate news of Brett Resources Inc
3/9/2010Signs Agreement In Principle For A Formal Impact And Benefit...
3/8/2010Drilling Continues to Confirm Continuity of Mineralization A...
9/8/2009Signs Memorandum of Understanding with the Fort Frances Chie...
8/21/2009Hires Investor Communications Consultant
6/3/2009Announces Incentive Stock Option Grant
1/20/2009Hires VP of Operations
12/4/2008Drilling Expands and Verifies Resource Model
11/4/2008Announces Incentive Stock Option Grant
8/30/2008Director Resigns to join Dundee Securities as Mining Analyst
7/14/2008Drills 123 metres of 1.40 g/t Au
6/4/2008Announces $9,000,000 Financing
5/16/2008Annual General and Special Meeting Results
1/2/2008 Makes Changes to its Board
11/26/2007 Enhances Management Team
10/16/2007 Adds Prospective Showings to Hammond Reef Property
10/11/2007Moves to Tier One
10/2/2007Intercepts 267 metres of 1.02 g/t Gold at Hammond Reef
2/26/2007Brett's 2007 Drilling at Hammond Reef Confirming Potential t...
3/24/2006(Hammond Reef)announces acquisition within Hammond Reef property
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