Adamus Resources Limited - Gold Exploration Update

PERTH, Western Australia, May 17 /CNW/ --
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/

PERTH, Western Australia, May 17 /CNW/ - Adamus Resources Limited
(ASX:ADU) is pleased to announce further diamond drilling and soil
sampling results at the company's Nzema Gold project, located in Ghana,
West Africa.

Diamond drilling at the Teberru 04 pit within the Salman Trend at Nzema
has extended the mineralised zone 100m down dip. Diamond drill hole
SNDD1109 located 100m below all previous drilling intersected 13m @
4.15g/t from 167m.  The mineralised zone dips at ~50 degrees to the
west indicating that the intersection is approximately true width.

Adamus Resources CEO and Managing Director, Mr Mark Connelly, said 'this result confirms mineralisation is continuing at depth with
increasing grades and wide intersections, propelling our drilling
program one step closer to generating an additional inferred mineral
resource estimate directly underneath existing mineable pits'.

Diamond drilling was subsequently conducted 100m and 200m to the north
and south of SNDD1109 at the same level.  SNRCD 1193 and SNRCD1238
drilled 100m and 200m to the south respectively intersected visual
indications of mineralisation (arsenopyrite) at a similar depth to
SNDD1109.  Assay results for these holes are pending and will be
announced during the current quarter.

SNRCD1270 drilled 100m to the north also intersected zones of
mineralisation, whilst, SNRCD1269 drilled 200m to the north intersected
broken ground with intrusive material with no significant
mineralisation and was interpreted to be a fault.

                   New Intercepts - Teberru 04

Hole ID  Section (UTM N55)           Intersection

SNRC986          553650      2m @ 4.71g/t Au from 4m

SNRC988          554000     13m @ 0.76g/t Au from 2m

SNRC989          554000     3m @ 1.99g/t Au from 76m

SNDD1007         553826      5m @ 3.8g/t Au from 56m

SNDD1007         553826     5m @ 2.63g/t Au from 75m

SNDD1007         553826     3m @ 2.79g/t Au from 84m

SNDD1109         553804    13m @ 4.15g/t Au from 167m

SNDD1013         553975    10m @ 3.08g/t Au from 30m

SNDD1016         553728    15m @ 4.23g/t Au from 71m

SNRC1020         553927     4m @ 1.59g/t Au from 60m

SNRC1021         553876     4m @ 1.77g/t Au from 85m

SNRC1021         553876     3m @ 2.36g/t Au from 97m

Additional drilling is underway at Teberru 04 on a 50m x 50m grid with
the aim of generating an inferred mineral resource estimate.

SOIL SAMPLING RESULTS EXTEND TARGET AREAS

Soil sampling has been completed on the Apa Tam prospecting licence (PL)
and continues on the Asanta and Hotopo PLs.  From the 944 sample
results received for the Apa Tam PL the peak value is 0.54ppm Au in a
background of less than 10ppb Au.  Thirty three samples returned
results greater than 100ppb Au.

The soil sample results have extended the target area at Avrebo West
located 750m west of the Avrebo prospect (25,000oz Au).  Previous
trenching at Avrebo West gave a best result of 10m at 2.22g/t Au.

Soil sampling results now suggest the mineralised trend extends at least
500m to the north.  Soil sampling across a low knoll hill returned
results of 325-400ppb Au.  The anomaly is likely to extend further. 
200m spaced RC traverses are planned between Avrebo, Avrebo West and a
neighbouring property's mineral resource to the north.

A mineral resource estimate update is planned for mid 2011 incorporating
results from the oxide and sulphide exploration programs.

LIBERIA UPDATE

Adamus has secured highly prospective concessions in Liberia.  Liberia
currently ranks with Ghana in the low risk category of countries within
West Africa.  At present there is very little gold production in
Liberia, and Adamus with over 3,000 km(2), is one of the largest land holders.

The company has three initial target areas: Fasama, Bopolu and Mambo,
all located in the highly prospective Archaean belt north of the
capital Monrovia in western Liberia.

Current work plan will include field programs of data compilation,
community consultation and access assessment, leading to stream
sediment and soil sampling, geological mapping and rock chip sampling. 
Adamus will be on the ground in June 2011.

About Adamus


Adamus Resources Limited is an explorer and mine developer, listed on
the Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V)
and Frankfurt Stock Exchange Open Market (FSE).

The Company's primary focus is on exploring, realising and expanding the
economic potential of the Nzema Gold Project in Ghana, West Africa. 
The Project encompasses approximately 665km² of tenure in the Ashanti
Gold Belt - host to over 100moz of gold and the Project boasts
excellent access to port and road infrastructure.  Ghana is a stable
West African country with a long history and some of the world's
largest gold mining operations.  Gold production is vital to the
national economy.  Members of the Adamus Board and management team have
proven records in mineral exploration, project development and project
financing.

Kind regards


ADAMUS RESOURCES LIMITED

Mark Connelly


Managing Director/CEO

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.

Caution Regarding Forward Looking Information.


Certain statements included in this announcement, including information
regarding Adamus' plans with respect to its mineral properties,
constitute forward-looking information.  Forward-looking information
includes, among other things, statements regarding expected
operations.  Forward-looking information is based upon a number of
estimates and assumptions made by the Company in light of its
experience, current conditions and expectations of future developments,
as well as other factors that the Company believes are appropriate in
the circumstances.  While these estimates and assumptions are
considered reasonable by the Company, they are inherently subject to
business, economic, competitive, political and social uncertainties and
contingencies.  Many factors could cause the Company's actual results
to differ materially from those expressed or implied in any
forward-looking information provided by the Company, or on behalf of,
the Company.  Such factors include, among other things, risks relating
to additional funding requirements, metal prices, exploration,
development and operating risks, competition, production risks,
regulatory restrictions, including environmental regulation and
liability and potential title disputes.  Investors are cautioned that
forward-looking information is no guarantee of future performance and,
accordingly, investors are cautioned not to put undue reliance on
forward-looking information due to the inherent uncertainty therein. 
Forward-looking information is made as at the date of this announcement
and the Company disclaims any intent or obligation to update publicly
such forward-looking information, whether as a result of new
information, future events or results or otherwise.

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