NEWS RELEASE
Trading Symbol: DBL. TSX Venture Exchange
May 20, 2009
Darnley Bay Resources Closes Private Placement Financing
Further to its news release of May 6th, Darnley Bay Resources Limited (the “Company”) announces that it has increased the amount of its Private Placement financing to 1,550,000 units @ $0.10 per unit for a total of $155,000 and 583,333 Flow-Through (FT) units @ $0.12 per unit for a total of $69,999.96.
The Private Placement is now complete with $224,999.96 raised in total and 2,133,333 new shares issued with a four month hold period required before they become free and tradable. No finder’s fee was paid during the private placement.
The transactions are subject to certain conditions, including regulatory approval.
About Darnley Bay Resources Limited:
The Company was formed in 1993 to explore and develop an area of geophysical significance in the Northwest Territories of Canada. Initial base metal exploration fortuitously resulted in the discovery of diamonds, indicating that the area is host to both metallic and non-metallic mineral deposit interests. The Company’s objectives are to secure and maintain successful financing partnerships to continue exploration for base metals, gold and diamonds that will result in the development of a profitable mining venture.
For more information contact:
Stephen Reford, President & CEO
Telephone: (416) 862-7885
Fax: (416) 862-7889
E-mail: sreford@darnleybay.com
Web site: www.darnleybay.com
Neither 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.
Greg O'Halloran
Vice President, Corporate Development
Darnley Bay Resources Limited
1103-4 King Street West
Toronto , ON M5H 1B6
P: 416-862-7885
F: 416-862-7889
www.darnleybay.com
