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Teryl Resources Corp.: TSX Venture
Exchange: TRC
Pink Sheet Symbol: TRYLF
TERYL RESOURCES ANNOUNCES THE SECOND PHASE OF
DRILLING COMMENCES THIS WEEK ON THE BISBEE GOLD HILL PROSPECT, ARIZONA
For Immediate Release: May 6, 2008,
Vancouver, B.C. – Teryl Resources Corp. (TSX Venture Exchange: TRC) is pleased
to announce that Diversified
Drilling LLC has commenced drilling an additional five (5) reverse
circulation holes on Teryl’s Bisbee copper prospect, Gold Hill property
in Arizona..
The five drill locations were
determined from the previous drill results, and based on aeromagnetic
interpretation and field examinations. Assays up to 4.84% copper were
located on the Gold Hill previous drill location (see news release dated
April 22, 2008).
The Gold Hill prospect is located 2.6
miles from the Lavender Pit, which produced 75 million tons of copper, gold
and silver ore for Phelps Dodge Corporation.
Qualified Person: Mr. Tom Parkhill,
Licensed Professional Geologist (Minnesota #30167), member of the National
Association of State Boards of Geology (ASBOG), is the Qualified Person as
defined by National Instrument 43-101 responsible for the accuracy of this
news release.
ABOUT TERYL RESOURCES
Teryl Resources Corp. has interests in
four gold properties in the Fairbanks Mining District, Alaska. The Gil
project is a joint venture with Kinross Gold Corporation (TSX: K; NYSE:
KGC) (80% Kinross/20% Teryl). The Company’s other Alaska holdings
also include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC
BB: LNXGF); the Stepovich Claims, where Teryl has a 10% net profit interest
from Kinross; and a 100%-interest in
the West Ridge property. In Arizona, Teryl has a 100% interest in seven
patented claim blocks, consisting of 248 acres, in the Warren Mining
District, Cochise County, Arizona. The seven patented claim blocks are
called the Gold Hill prospect, which includes the Old Gold Hill mine. Teryl
also has one joint venture silver prospect located in Northern BC, Canada.
Teryl Resources Corp.. has revenue from oil and gas projects in Texas and
Kentucky. For further information visit the Company’s website at http://www.terylresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“John Robertson”
John Robertson
President
For More Information
Contact: John Robertson
800-665-4616
Renmark Financial Communications Inc.
Dan Symons :
dsymons@renmarkfinancial.com
John Boidman :
jboidman@renmarkfinancial.com
Tel.: (514) 939-3989 Fax: (514)
939-3717 http://www.renmarkfinancial.com
READER ADVISORY
This news release may contain certain
forward-looking statements, including management's assessment of future
plans and operations, and capital expenditures and the timing thereof, that
involve substantial known and unknown risks and uncertainties, certain of
which are beyond the Company's control. There can be no assurance that such
statements will prove accurate, and actual results and developments are
likely to differ, in some case materially, from those expressed or implied
by the forward-looking statements contained in this press release. Readers
of this press release are cautioned not to place undue reliance on any such
forward-looking statements.
Forward-looking statements contained
in this press release are based on a number of assumptions that may prove
to be incorrect, including, but not limited to: timely implementation of
anticipated drilling and exploration programs; the successful completion of
new development projects, planned expansions or other projects within the
timelines anticipated; the accuracy of reserve and resource estimates, if
any, grades, mine life and cash cost estimates; whether mineral resources
can be developed; title to mineral properties; financing requirements;
changes in laws, rules and regulations applicable to Teryl, and changes in
how they are interpreted and enforced, delays resulting from or inability
to obtain required regulatory approvals and ability to access sufficient
capital from internal and external sources, the impact of general economic
conditions in Canada, and the United States, industry conditions, increased
competition, the lack of availability of qualified personnel or management,
fluctuations in foreign exchange, stock market volatility and market valuations
of companies with respect to announced transactions. The Company's actual
results, performance or achievements could differ materially from those
expressed in, or implied by, these forward-looking statements, including
those described in the Company's Financial Statements, Management
Discussion and Analysis and Material Change Reports filed with the Canadian
Securities Administrators and available at www.sedar.com, and the Company’s
20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov.
Accordingly, no assurances can be given that any of the events anticipated
by the forward-looking statements will transpire or occur, or if any of
them do so, what benefits, including the amount of proceeds, that the
Company will derive therefrom.
Readers are cautioned that the
foregoing list of factors is not exhaustive. All subsequent forward-looking
statements, whether written or oral, attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by these
cautionary statements. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news release
and the Company does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result
of new information, future events or otherwise, except as may be required
by applicable securities laws.
This news release does not constitute
an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities of the Company have not been
registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered
or sold within the United
States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration
is available..
The TSX Venture Exchange has neither
approved nor disapproved of the information contained herein.
Teryl Resources Corporation
240 - 11780 Hammersmith Way
Richmond, British Columbia
Canada V7A 5E9
Phone: 604-278-5996 Fax: 604-278-3409
Toll Free: 800-665-4616
www.terylresources.com
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