MANA Man.Assd.Csh

    RNS Number : 3309W
  Mano River Resources Inc
  10 June 2008
   

                                            




    News Release  

    TSX-V: MNO
    AIM:     MANA

    10 June 2008

    MANO RIVER RESOURCES INC 

    UPDATE ON DEEP DRILLING AT NEW LIBERTY GOLD PROJECT IN LIBERIA

    Mano River Resources Inc. ("Mano" or "the Company") the TSX-V and AIM-listed exploration and development company focussed on gold,
diamonds and iron ore in West Africa, announces:

    *     Highly encouraging results from deep diamond drilling at its New Liberty Gold Project

    *     Assay results from the first eight holes received

    *     All eight holes intersected ultramafic schist units, host to the gold mineralisation 

    *     Two of the six holes drilled to the minus 200m level returned some of the best intersections ever achieved at New Liberty, i.e.:
               K-115 23m grading 4.95 g/t gold (including 12m at 9.12g/t)
               K-116 31m grading 3.59 g/t gold (including 17m at 7.03 g/t)

    *     Both deep holes drilled to the minus 500m level confirmed the presence of the gold zone, the better intersection being:

    K-120 19m grading 1.18 g/t gold (including 3m at 6.21 g/t) 

    The New Liberty Gold project lies within a 1,000km2 combined exploration and mining licence termed a Mineral Development Agreement
('MDA') in Grand Cape Mount County, western Liberia, 100km north west of Monrovia. It is held 100% by Mano, subject to a 10% free carried
interest and a 3% production royalty, both held by the Government of Liberia.

    2008 Drilling Programme

    Subsequent to the completion of the New Liberty Feasibility Study in early 2007, a review concluded that there was a need to define,
from the outset, an operation with a longer life than that envisaged in the Study, which had considered only an open pit operation. The main
objective of the current drilling programme is to enable mineral resources currently classed as 'indicated' in the Feasibility Study to be
reclassified as 'measured' and, in addition, potentially to increase the overall resource base and thus the mine life. The 2007 NI 43-101
gold resource was estimated at 1.4 million ounces (13.533 million tonnes of measured and indicated resources grading 3.18 g/t gold).

    In 1Q 2008, the Company commenced a mineral resource/reserve delineation drilling programme, focussing initially on the Larjor Zone, the
first results of which are now to hand. In all, 4,485m of drilling have been completed to date under this programme. Assay results from
holes drilled under the Kinjor and Marvoe zones, further to the east, are expected by month end. The programme comprises a series of
close-spaced drill holes at a depth of around 200m below surface, together with two holes drilled to about 500m below surface under Larjor
to test for very deep extensions to the mineralisation. Shear-controlled gold deposits of Archaean age, like New Liberty, are typically
characterised by a considerable third dimension at depth, now being investigated at New Liberty for the first time. 

    All eight holes under Larjor intersected the sheared ultramafic schists hosting the mineralisation at New Liberty, and all of them
returned indications of the presence of the gold zone. Two of the six �200m holes returned extremely good results, namely, intersections of
23m grading 4.85g/t gold and 31m grading 3.59 g/t gold, respectively. The remaining four returned sub-economic but nevertheless highly
anomalous gold zones, the best of which was in K-121 with 27m grading 0.67 g/t.

    The two deep holes under Larjor both intersected the ultramafic rock units at the anticipated depth i.e. some 450 to 480m vertically
below surface, and both were mineralised. K120 gave the better results with 19m at 1.2 g/t gold including a 3m section grading 6.2 g/t. A
complete list of the assay results appears in Table 1 below. This is considered an extremely encouraging outcome for the potential to
increase resources, given that of the 93 holes forming the basis for the 2007 Feasibility Study, none were drilled significantly deeper than
100m below surface.


    Table      Drill Collars and Gold Mineralized Intervals 
    New Liberty Project 2008 Drilling Campaign

 Hole ID  Easting  Northing  Depth (m)             From   To   Length (m)  Average
                                                    (m)   (m)               GOLD
                                                                             g/t
  K115      10775      9580      266.2               205  228          23     4.95
  K115                                  Including    212  224          12     9.12

  K116      10725      9600      255.8               214  245          31     3.59
  K116                                  including    218  235          17     7.03

  K117      10825      9600      250.9               201  211          10     0.30
  K117                                  including    204  208           4     0.54

  K118      10750      9360      605.1               557  581          24     0.36
  K118                                  including    565  568           3     1.62

  K119      10875      9605      246.8               169  173           4     0.49
  K119                                  and          227  231           4     0.28

  K120      10796      9360      564.1               506  525          19     1.18
  K120                                  including    517  520           3     6.21

  K121      10675      9603      258.4               173  200          27     0.67
  K121                                  including    184  194          10     1.45

  K122      10925      9605      241.5               156  161           5     0.43
  K122                                               204  206           2     0.28
  K122                                               209  211           2     0.27
  K122                                               226  227           1     0.32


    In addition to the work going on at New Liberty, the Mineral Corporation of South Africa recently completed an in-depth review of the
entire exploration database for the Company's MDA licence area, defining further gold targets potentially capable of development into
satellite deposits to New Liberty. These targets are in addition to the Weaju and Gondoja satellite deposits, where drilling has already
taken place with encouraging results.

    Community Initiatives

    During the exploration phase on the Bea MDA, in addition to direct employment by Mano of local people which at times has totalled over
fifty individuals, local communities have already benefited from a major ongoing programme of road and bridge building. At Weaju, the
Company has built a school capable of accommodating over 100 pupils.  

    In the longer term, once the new mine is in production, the communities of Grand Cape Mount and adjacent counties stand to benefit from
what is scheduled to become Liberia's first ever major hard-rock gold mine. In addition to the many direct employment and training
opportunities, there will be indirect employment from sustained activities, which it is hoped may include linking the New Liberty gold
deposit at Kinjor/Larjor to Mano's Weaju project. Social infrastructure improvements would include power, educational and health provisions,
and better local roads. Experience elsewhere in the world suggests that, for every direct employee at the new mine, there will be from 5 to
10 further jobs created in support and service industries in the immediate area. Agricultural projects related to the communities are also
contemplated.

    Mano has been pioneering hard-rock exploration for gold in Liberia since access to the licence was first gained in the second half of
1997, more than 10 years ago and, despite interruptions, the Company has persevered in its aim of moving its projects closer to feasibility.
Many exploration companies have been motivated by Mano's prime mover publicity for Liberia, and there are now more than 10 gold exploration
companies active in the country. It is hoped that Mano will continue to lead the way by opening the first of many new gold mines in Liberia
over the next 10 years.

    Luis da Silva, CEO of Mano, comments: "This first phase of our deep drilling programme has yielded encouraging results, which have
backed up the predicted nature of the New Liberty ore body and potentially give us the ability to significantly increase the resource ounces
of gold. A further programme of drilling will now be planned to provide definition for resource modelling. Underground mining methods will
also be investigated as part of conducting a comprehensive new feasibility study for NLGM, with completion in 2009."

    Note to Editors
    Overview of the New Liberty Gold Project

    The 2007 New Liberty Feasibility Study, exclusively for an open pit operation, was undertaken by independent consultants, MDM
Engineering Pty Ltd of Johannesburg, South Africa, together with Lower Quartile Solutions Pty Ltd of Perth, Australia. Tailings dam design
was carried out by Golder & Associates. The geology of the deposit is a well-defined steeply dipping zone up to 30m thick of gold
mineralisation hosted by metamorphosed ultramafic schists. The base case for the Feasibility Study involved open pit contract mining from
three pits, Larjor, Kinjor and Marvoe, over an initial estimated mine life of seven years. The average stripping ratio was estimated at 11.5
to 1. The deposit exhibits simple metallurgy with overall gold recoveries of 93% being indicated by the study testwork, involving a process
of initial gravity separation with a recovery of 30-40% of the gold, followed by standard carbon-in-leach treatment.

    ENDS

    Mano's Qualified Person responsible for preparing this release is its Director, Dr Tom Elder, who holds a BSc and Doctorate in Geology
from the University of Durham in the UK, is a Fellow and former Member of Council of the Institution of Mining and Metallurgy, and a Fellow
of the Geological Society.

    For further information on Mano River Resources and its exploration programme, you are invited to visit the Company's website at
www.manoriver.com or contact one of the following:


    Mano River Resources Inc. 
Luis da Silva                        info@manoriver.com
Tel +44 (0) 20 7299 4212

    Panmure Gordon (UK) Limited 
Edward Farmer                    edward.farmer@panmure.com
    Tel +44 (0) 20 7459 3600

    GMP Securities Europe LLP, 
James Hannon,                    james.hannon@gmpeurope.com
Tel +44 (0) 20 7647 2800

Pelham PR
Charles Vivian/James MacFarlane            charles.vivian@pelhampr.com
    Tel +44 (0) 20 7743 6670 / 6375


    The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release
This information is provided by RNS
The company news service from the London Stock Exchange
 
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