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Message: Issued Prospecting Permits

Issued Prospecting Permits

posted on Feb 02, 2009 12:32PM
February 2, 2009
Darnley Bay Resources Issued Prospecting Permits
TORONTO, ONTARIO--(Marketwire - Feb. 2, 2009) - Darnley Bay Resources Limited (TSX VENTURE:DBL) is pleased to announce that it has been issued two prospecting permits (7669 and 7670) by the Mining Recorder's Office in Yellowknife, Northwest Territories. These prospecting permits cover NTS 094D4 SE and NTS 094D4 SW (NTS topographic system) within the Inuvialuit 7(1)(b) lands south of Paulatuk, NT and cover an area of approximately 70,145 acres (284 km2). The location of these permits is shown on a map posted on the company website at www.darnleybay.com. The Inuvialuit hold the surface rights for the 7(1)(b) lands, and the Crown holds the mineral rights. The Company has initiated the environmental screening process so that it can commence exploration on the new permits.

The main objective for acquiring these permits is to continue exploration on the southeast portion of the Darnley Bay gravity and magnetic anomaly. 3D modelling of the entire anomaly shows that a large portion of gravity target #3, ranked by the Company as one of the top two targets for metals exploration, is located within prospecting permit 7669. Ground gravity and electromagnetic surveys are planned, followed by drilling. In addition, there are shallow-source magnetic anomalies within the permits that will be investigated for their metals and diamond potential.

The Company announces that George Kent submitted his resignation as a Director, effective December 31, 2008. The Company wishes to sincerely thank Mr. Kent for his contributions to the Board of Directors. He will continue to serve the Company as a member of its Advisory Board.

In connection with the private placement announced on December 23, 2008, a finder's fee of $1,000 was paid for one of the placements.

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 both base metals and diamonds that will result in the development of a profitable mining venture.
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