CARSON CITY, Nev., June 24, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) are pleased to announce that it is currently in final negotiations to acquire a company that owns mining exploration and development leases to an advanced, previously-producing gold property in South East California, USA.
The geological reports on the property reflect proven ounces of gold, and if successfully acquired, the Company plans to immediately begin production of 30,000 ounces of gold or more per year for the next several years.
Ed Harrington, B.Sc., P. Geo and other advisers to the Company have worked diligently over the past few months to investigate a number of properties in North America and feel this acquisition is closest to the criteria the Company requested.
The ideal profile of a property would contain proven ounces of gold, would be able go into production immediately, and would have excellent exploration potential to prove additional ounces.
Further information on the progress of the Company's activities will be disclosed as available and on a timely basis.
About Denarii Resources, Inc.
Denarii Resources, Inc. engages in the exploration of mineral properties in North America. It currently owns interest in the McNab Molybdenum property, which consists of 2 mineral claims containing 16 cell claim units totaling an area of 334.809 hectares in British Columbia. The Company is actively seeking additional properties to acquire. The company was founded in 2006 and is based in Carson City, Nevada.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Denarii Resources, Inc. please refer to its web site at http://www.dnrrinvestments.com.