UNDERWORLD INTERSECTS NEW GOLD-SILVER RICH DEEP ZONE BELOW GOLDEN SADDLE, WHITE GOLD PROPERTY, YUKON


Underworld Resources Inc.’s results have been received from a new, deep gold-silver rich zone at the White gold property, Yukon Territory. Hole WD09-31 returned 10.5 metres averaging 4.8 grams per tonne Au and 38.2 g/t Ag starting at 401.5 metres within a breccia zone underlying the Golden Saddle zone. Previously released results from the overlying zone at Golden Saddle include:

WD09-28 — 1.84 g/t Au over 102.5 metres from 105 to 207.5 metres;

WD09-29 — 3.94 g/t Au over 59.9 metres from 146.1 to 206.0 metres;

WD09-31 — 3.59 g/t Au over 98.3 metres from 105.7 to 204.0 metres.

The deep breccia zone within WD09-31 occurs from 401.5 to 412.0 metres and includes 9.40 g/t Au and 73.3 g/t Ag over 3.4 metres, underlying the upper zone in this hole. WD09-31 was lost at 414.8 metres due to depth limits of the diamond drills currently in use at Golden Saddle. Underworld is mobilizing a more powerful drill rig to the White gold property with capacity to test this new zone to greater depth.

Mineralization in the deep hole 31 breccia zone is hosted in a milled hydrothermal breccia with interstitial pyrite and specular hematite. The discovery of this zone suggests the potential for stacked mineralized structures within Golden Saddle. Furthermore, the Ag/Au ratios within the upper Golden Saddle zone are typically greater than 1:3 whereas the Ag/Au ratios in the lower breccia Golden Saddle zone is 8:1. This type of mineral zonation is often associated with intrusion-related gold deposits is suggestive and suggests that there may be an intrusive source to mineralization at depth.

Two diamond drills are currently on the White gold property, and have completed nine holes at the Golden Saddle zone, and five holes at Arc zone (located two kilometres southeast of Golden Saddle). Results from these drill holes will be released following closure of the company’s pending financings.

Quality assurance

Underworld has implemented a rigorous QA/QC program at the White gold property using best industry practice. Elements of the program include chain of custody of samples, standard and blank samples are submitted, with drill core sawn in half and shipped in sealed bags to ALS Chemex Laboratories in Vancouver. The continuing 2009 exploration program is directed by Adrian Fleming, MAIG, RPGeo, MAusIMM., president of Underworld Resources and a qualified person as defined by NI 43-101. Mr. Fleming prepared and approves of the content of this release.

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