VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) - Teryl Resources Corp. (News - Market indicators)(OTCBB:TRYLF) (the "Company") is pleased to announce it has received the preliminary assessment for the Gil Joint Venture Gold Property, Fairbanks Mining District, Alaska.

The measured, indicated and inferred resources contained at the Gil/JV gold property were determined at a cutoff grade of 0.015 oz Au/ton in order to correspond to the heap-leach ore cutoff grade currently being employed at the Fort Knox gold mine (Table 1). These mineral resources are not mineral reserves and therefore have not been demonstrated to be economically viable.

The goal of this preliminary assessment was to determine a realistic/conservative net present value (NPV) and internal rate of return (IRR) one could expect from a hypothetical open-pit mining operation at the Gil/JV gold property. This assessment was based on the measured, indicated and inferred resources determined from the pre-feasibility resource estimation (Robinson, 2011). The methods used and assumptions made during the resource estimation were reviewed by the Qualified Person, Mark S. Robinson (Certified Professional Geologist #6414) and are NI 43-101 compliant.

This preliminary assessment will include inferred mineral resources and therefore the issuer is required to provide the following cautionary statement required by section 2.3(3)(b) of the 43-101 Instrument:

"This preliminary assessment is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of this preliminary assessment will be realized."

The Gil/JV gold property is still in the greenfields stage of exploration. As a result, few background studies have been conducted that relate to mining processes, engineering and expected costs during mine preparation, production and closure. In an attempt to avoid any error associated with a lack of information, it was decided to omit permitting costs, costs associated with land acquisition, exploration costs during production, and mine closure costs in this assessment. Working capital costs are expected to be quite low for Gil due to the assumption that all equipment and processing facilities used already exist and will be provided by Fort Knox. For this reason, working capital costs were included within the annual fixed costs.

Assumptions for the Cash Flow Model for gold at $1,500 per ounce:

Lifespan of the Open-Pit Mine = 5 years
Operating 350 Days out of the Year
Mine is able to reach full production of 6,000 Tons Ore/Day in 1^st Year of operation
Average Annual Production = 2,100,000 Tons Ore/Year (~45,675 Ounces Au/Year)
Average Au-grade = 0.029 oz/ton
Base Au-Price = $1,500/oz (Current Gold Price)
Annual Fixed Costs = $500,000/Year
Capital Cost of 5-Mile Haul Road = $5 Million
Sunk Costs from Prior Exploration Work = $10 Million
Federal and State Corporate Income Taxes will be included as a Combined Incremental Tax Rate (a conservative approach).

Appendix A: Cash Flow Model for gold at $1,500 per ounce

Alaska State Corporate Income Tax = 9.4%
Federal Corporate Income Tax (≥ $18,333,333) = $6,425,667 + 35% over $18,333,333
Combined Incremental Tax Rate = 0.094 + .035*(1 – 0.094) = 41.11%

These values represent 100% interest for the Gil Joint Venture property. Therefore, 20% of the NPV determined from the Cash Flow Model represents Teryl Resources Corp.'s portion.

Assumptions for the Cash Flow Model for gold at $1,048 per ounce:

Lifespan of the Open-Pit Mine = 5 years
Operating 350 Days out of the Year
Mine is able to reach full production of 6,000 Tons Ore/Day in 1st Year of operation
Average Annual Production = 2,100,000 Tons Ore/Year (~45,675 Ounces Au/Year)
Average Au-grade = 0.029 oz/ton
Base Au-Price = $1048.56/oz (3-year rolling average)
Annual Fixed Costs = $500,000/Year
Capital Cost of 5-Mile Haul Road = $5 Million
Sunk Costs from Prior Exploration Work = $10 Million
Federal and State Corporate Income Taxes will be included as a Combined Incremental Tax Rate (a conservative approach).

Cash Flow Model

Alaska State Corporate Income Tax = 9.4%
Federal Corporate Income Tax ($10-15 Mil) = $3,400,000 + 35% over $10 Million
Combined Incremental Tax Rate = 0.094 + .035*(1 – 0.094) = 41.11%

These values represent 100% interest for the Gil Joint Venture property. Therefore, 20% of the NPV determined from the Cash Flow Model represents Teryl Resources Corp.'s portion.

Qualified Person

Mark S. Robinson, P. Geo., State of Alaska Licensed Geologist No. 247 of Wrangell, Alaska, who is independent of the Company as defined in NI43-101. Mark Robinson is a Certified Professional Geologist (CPG) 6414 with the American Institute of Professional Geologists (AIPG). Other professional societies and certifications include: Society of Economic Geologists (SEG) fellow since 1985; American Geological Institute (AGI); and Alaska Miners Association (AMA). Mark Robinson is a Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission ("SEC"), and has verified the data contained in this news release for accuracy.

ABOUT TERYL RESOURCES

To date, a total of US$10,700,000 has been expended by the joint venture partners, with Teryl and Kinross accounting for 20% and 80%, respectively, of total expenditures.

With interests in four gold properties, Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska. The Gil project is a joint venture with Kinross Gold Corporation (80% Kinross/20% Teryl). To date USD $10.7 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims which expires May 31, 2011. The Company's other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp.; the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property. Teryl Resources Corp. also has a 30% interest and a 10% NPI in the Silverknife 1 & 2 property in Northern B.C. The Silverknife property is contiguous to Silvercorp's Silvertip silver-lead-zinc deposit which lies less than one km from the property boundary. For further information visit the Company's website at http://www.terylresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

John Robertson President

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.