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International KRL Resources Corp.

Publié le 20 août 2008

Sign Agreement for Cluff Lake Area Property, in the West Athabasca Basin, Saskatchew

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Mots clés associés :   Uranium |
=======================================================================
Re:   News - Wednesday, August 20, 2008
      International KRL Resources Corp. and ESO Uranium Sign Agreement
      for Cluff Lake Area Property, in the West Athabasca Basin,
      Saskatchewan
=======================================================================

    VANCOUVER, Aug. 20 /CNW/ - International KRL Resources Corp. (TSX-V: IRK)
(International KRL) and ESO Uranium Corp. (TSX-V: ESO) (the Company) are
pleased to announce that the companies have signed an agreement that will set
the stage for further exploration on the Cluff Lake area claim staked by
International KRL in 2003. Under the agreement International KRL will transfer
a further 30% interest in the claim to ESO which shall result in ESO having an
80% undivided interest in the property. ESO shall produce a bankable
feasibility study with International KRL having a carried interest until the
feasibility study is delivered at which time International KRL will have the
choice to take on a 20% participating interest in a new company to operate the
production facility or take on a 2% gross over-riding royalty for all uranium
mineral products and a 2% net smelter returns royalty for all other metals.
ESO will return all of its interest in any of the claim to International KRL
upon a decision by ESO to terminate work thereon.

    The International KRL claim lies within the Carswell Dome structure
adjacent to the mining lease of the former producer, Cluff Lake, which mined
65 million pounds of uranium from shallow deposits with open pits and near
surface underground operations. The deposits had an average grade of about
2.5% U(3)O(8) (5 lbs per s.ton) with significant gold byproduct.

    Earlier work by Amok/Mokta on the International KRL Claim indicated the
presence of radioactive boulder trains. These included a boulder with an assay
of 16.9% U(3)O(8) and 2.9 g/t gold on the claim which is "up-ice" from the
uranium orebodies mined on the adjacent Cluff Lake Mine lease. The ice
movement dragged outcropping materials at the ice-bedrock interface towards
the southwest from a shallow source to the northeast. Work carried out by ESO
included airborne and ground geophysical surveys and radon surveys. These
indicated important conductors and a magnetic structure that have not been
drill tested in earlier work.

    This area will be a subject of a high priority for the next phase of
work.

    For reference, the current spot price quoted by Uxc.com for uranium oxide
is US$64.50 per pound of U(3)O(8), up from the June, 2008 low of $56/lb; an
assay reported as 1.0% of U(3)O(8) is equal to 20 pounds of uranium oxide per
short ton - the conversion of percent metal or metal oxide from percent to
pounds per short ton is done by multiplying the % value by 20.

    Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward looking
statements. Although we believe that the expectations in our forward looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.

   
    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein.
   

For further information: Earl Hope, Investor Relations, (604) 689-0299 x
232; Seamus Young, President and CEO, (604) 689-0299 x223


=======================================================================
Copyright (c) 2008 INTERNATIONAL KRL RESOURCES CORP. (IRK)  All rights
reserved.  For more information visit our website at
http://www.krl.net/ or send mailto:info@krl.net
Message sent on Wed Aug 20, 2008 at 6:03:09 AM Pacific Time
=======================================================================
.

International KRL Resources Corp.

EXPLORATEUR
CODE : IRK.V
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International KRL Res. est une société d’exploration minière de zinc et de plomb basée au Canada.

International KRL Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont COPPER HILL, COPPER HILL, DECKER, WOLF PROPERTY, BEAR RIVER, NOR (IOCG), TIM/WOLF, CASSIAR PLATEAU, CLUFF LAKE (CARSWELL) et U CLAIMS URANIUM PROJECT au Canada.

International KRL Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,0 millions CA$ (1,0 millions US$, 673 729 €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2002 à 1,05 CA$, et son plus bas niveau récent le 04 décembre 2009 à 0,01 CA$.

International KRL Res. possède 66 940 000 actions en circulation.

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Financements de International KRL Resources Corp.
25/09/2009Private Placement Closed
20/08/2009First Tranche of Private Placement Closed
12/06/2009Announces $150,000 Private Placement
Attributions d'options de International KRL Resources Corp.
13/03/2008Grants Stock Options
Nominations de International KRL Resources Corp.
07/08/2009Announces Appointment of Director
Projets de International KRL Resources Corp.
04/02/2009(Nor (iocg))Provides Update on Nor IOCG Project, Yukon
20/08/2008(Cluff Lake (carswell))Sign Agreement for Cluff Lake Area Property, in the West Ath...
07/05/2008(Wolf Property) Provides Update on Wolf Project
06/02/2008(Nor (iocg)) Intersects Copper And Maps Uranium Structure At Nor IOCG Pr...
12/05/2005(Nor (iocg))2005 Technical report
Communiqués de Presse de International KRL Resources Corp.
23/11/2009Announces Change of Directorship
26/10/2009Shareholders approve share consolidation
24/08/2009Announces Change of Chief Financial Officer
20/07/2009Announces Resignation of Director
11/03/2008International KRL Resources to Begin Drilling Ag-Pb-Zn Targe...
12/11/2008Announces Resignation of Director
19/06/2008 Provide Update on Turn River U-Ni Project
18/06/2008Files Form 15F to Voluntarily Terminate Reporting Obligation...
28/05/2008acquires gold project in Quebec
09/04/2008Drilling Underway At International Krl Resources' Wolf Prope...
28/02/2008 Retains Investor Relations Service Provider
27/09/2007Options Lead-Zinc-Silver Project; Plans Fall 2007 Diamond Dr...
18/09/2007Option Their Turn River Uranium-Nickel Project to Lo
10/09/2007Reports Assays From 1.30% to 5.54% U from Nor; Wraps Diamond...
07/09/2007Ltd. Announce the Resignation of Michael Hibbi
01/08/2007 and Logan Resources Stake Additional Ground Prospective for...
26/07/2007Discovers New Uranium Showings at the Nor IOCG Project, Yuko...
05/07/2007Drill Program At Nor Proceeding Successfully
31/05/2007Advised of Exploration Progress by Golden Harp Resources at ...
08/05/2007Outlines 2007 Exploration Program For NOR IOCG Project in th...
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