CARSON CITY, Nev., April 28, 2010 (GLOBE NEWSWIRE) -- Dennis Lorrig, the President and CEO of Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3), is pleased to announce that the company has successfully negotiated with Struans Group, Inc.( www.struansinc.com) of Carlsbad, California (with offices in London, England and Munich, Germany) for consulting purposes. Mr. Lorrig stated; "Through Struans Group, Inc.'s vast relationships in the precious metal commodity and mining sector, Denarii feels confident in its ability to secure private placement financing that will assist in start-up production of the company's Lota Bay, Chile coal recovery project. The Private Placement will also make available funds to enter into agreements to acquire precious and strategic metal properties that our management and the company's professional advisors have recommended."
About Lota Bay Coal Concession
Previous owners of the initial Lota Bay Coal Concession completed extensive development work and calculated recoverable drilled reserves of 275,000 tonnes and a further estimated probable reserve of 90,000 tonnes.
About Denarii Resources, Inc.
Denarii Resources Inc. is in the mineral resource exploration and development business and currently owns a 100% interest in the McNab Molybdenum property located in South-West, British Columbia, Canada. Denarii has also entered into an agreement to acquire two coal concessions in Chile, South America. Denarii is continually moving forward with researching and acquiring multiple assets that it hopes will generate positive cash flow for Denarii. Denarii is presently reviewing a number of precious metal properties. These properties are near or in production Gold and Silver properties located in North, South and Latin America. Specifically included in the companies due diligence is a Gold property in South-East California and a Gold, Silver and Copper property in South America, as previously announced in other corporate news releases. Denarii was founded in 2006 and is based in Carson City, Nevada. For more information, please visit www.denariiglobal.com
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 website at www.denariiglobal.com