DARNLEY BAY RESOURCES - Update On Property
June 24, 2013

    Darnley Bay Resources Limited. (the "Company") announces that it has
applied for permits to conduct a magneto-telluric (MT) survey and a
geological survey on its main property near Paulatuk, Northwest
Territories. Magneto-telluric is a geophysical method of imaging the
earth's subsurface by measuring natural variations of electrical and
magnetic fields at the Earth's surface. In the 1990's, MT has been
successfully used to locate mineral deposits as deep at 1750 metres in the
Sudbury nickel camp. In the last 10 years, the technique has seen a number
of improvements, particularly with the development of modern 3D inversion.
It is now routinely used in the oil industry to better define deep drilling
targets. Past gravity and magnetic surveys have outlined 22 targets on the
Darnley Bay property and the MT results are expected to assist the Company
in prioritizing these targets for an upcoming drill program. At the same
time, the Company plans to conduct a geological survey over about 25% of
the property. The main areas that will be surveyed will be where the
probability of finding outcrops is greater: cliffs, canyons and rivers bed.
The objective of the survey is to find alteration zones and dykes/sills
with special chemistry, which could be indicators of metallic
mineralization at depth. This summer field program is estimated to cost
$300,000, and is subject to financing and final permitting.

     The Company further announces that it plans to issue a combination of
flow-through and non flow-through units, to raise up to $700,000. The
flow-through units are being offered at $0.07 per unit, and will consist of
one share and one half warrant to purchase one share at a price of $0.10
for two years from the closing of the offering. The non-flow-through units
are being offered at $0.05 per unit and will consist of one common share
plus one warrant to purchase one common share at a price of $0.10 for two
years from the closing of the offering. In the event that the closing sale
price of the Company's common shares on the TSX Venture Exchange is greater
than $0.25 per share for a period of 20 consecutive trading days at any
time after closing of the Offering, the Company may accelerate the expiry
date of the warrants by giving notice to the holders thereof and in such
case the warrants will expire on the 30th day after the date on which such
notice is given by the Company.

     The net proceeds from the Offering will be used to fund development of
the Company's mineral property in Northwest Territories and for general
corporate purposes. The Company may pay finder's fees on a portion of the
Financing in accordance with TSX Venture Exchange guidelines. All
securities issued under the Financing will be subject to a four-month hold
period from the date of issuance. The proposed Financing is subject to the
approval from the Exchange.

     The Darnley Bay property hosts North America's strongest isolated
gravity anomaly, which has been favourably compared by the Geological
Survey of Canada (GSC) with other prominent gravity anomalies, such as
those at the prolific mining camps of Noril'sk in Russia and Sudbury basin
in Ontario. It is located near Paulatuk, NWT, on the Arctic coast. The
Darnley Bay anomaly is larger and stronger than any of these comparatives
by a wide margin, measuring 100 kilometres long north to south and about 80
kilometres wide. The GSC discovered the anomaly in 1969 and its source has
never been explained. The company has 100-per-cent control of its
exploration and potential development subject to certain back-in and other
rights of the Inuvialuit Regional Corporation, which holds the land on
which it occurs.

     Forward-Looking Information

     This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that Darnley Bay expects are forward-looking statements.
Although Darnley Bay believes the expectations expressed in such statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in the statements. There are certain factors that could cause
actual results to differ materially from those in forward-looking
statements. These include market prices, exploitation and exploration
successes, continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on Darnley Bay, investors
should review registered filings at www.sedar.com.

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

          Darnley Bay Resources Limited.
TEL:      (416) 862-7885 Jamie Levy, President and CEO
E-mail:   jlevy@darnleybay.com
TEL:      (647) 385-2113 Greg O'Halloran, Investor Relations
E-mail:   gohalloran@darnleybay.com
Website:  www.darnleybay.com


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