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STINA ACQUIRES TIE ON CLAIMS TO THE UNDERWORLD DISCOVERY PROPERTY IN THE NEWLY RECOGNIZED WHITE GOLD DISTRICT

Stina Resources Ltd. has entered into an option agreement with Ryanwood Exploration Inc. pursuant to which REI has agreed to grant the company an option to purchase a 100-per-cent beneficial interest in certain mining claims located in the Dawson mining district, Yukon Territory, generally known and described as the Kodiak property, subject to a 2-per-cent net smelter interest in favour of REI.

The option agreement is subject to the approval of the TSX Venture Exchange.

Pursuant to the option agreement, to exercise the option the company must:

Pay to Ryanwood:

$75,000 within five days after the approval date of the option agreement by the TSX-V;
$50,000 on or before June 15, 2010;
$100,000 on or before June 15, 2011;
$75,000 on or before June 15, 2012;
$75,000 on or before June 15, 2013.

Issue and deliver to Ryanwood:

250,000 common shares of the company within five days after the approval date of the option agreement by the TSX V;
200,000 common shares of the company on or before June 15, 2010;
200,000 common shares of the company on or before June 15, 2011;
200,000 common shares of the company on or before June 15, 2012;
200,000 common shares of the company on or before June 15, 2013.

Incur expenditures:

In the amount of $100,000 on or before Nov. 18, 2009;
In the additional amount of $200,000 on or before Nov. 15, 2010;
In the additional amount of $300,000 on or before Nov. 15, 2011;
In the additional amount of $500,000 on or before Nov. 15, 2012.

The Kodiak property claim block consists of 152 claims covering 30 square kilometres or 6400 acres and ties on to the southern side of Underworld white gold property. The Kodiak claim block also straddles Thistle creek which was the richest placer gold-producing creek in the area given up more than 63,000 ounces of placer gold since the turn of the century.

Ryanwood is the property vendor for Underworld’s white property and has re-evaluated the Geological Survey of Canada database for similar positive indicators for white-style mineralization. The GSC airborne magnetic data indicate the Kodiak claims are sitting on the same regional north — south magnetic high anomaly that Underworld’s white gold property is now covering. The GSC silt survey of the Thistle area indicates a 90-per-cent percentile gold anomaly, a 98-per-cent percentile arsenic anomaly and up to 99-per-cent percentile silver anomaly all draining from the Kodiak property. Again, all positive indicator elements in white-gold-style mineralization. The third piece of data that increases the Kodiak potential is the GSC geology map. The GSC geology map has noted a northwest and northeast trending regional structure and the same geological units were mapped by the GSC on both the white and Kodiak properties which consist of DMa amphibolites, DMogt orthogneiss, and DMps quartz mica schist.

There has been insufficient exploration to define a mineral resource on the Kodiak property, and it is uncertain as to whether, or not, further exploration will result in the discovery of a mineral resource on the property. Ed Ullmer, PGeo, Inc., is a designated qualified person for the company and was responsible for review of this news release.

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