Sarissa Resources Inc (SRSR)

[norel]

Here is the PR::::
Reads very positive--JMHO--Norel
(COMTEX) B: Sarissa Resources CEO Issues Shareholder Update ( Market Wire

B: Sarissa Resources CEO Issues Shareholder Update ( Market Wire )

BAY CITY, MI, Jun 05, 2008 (MARKET WIRE via COMTEX) --
Sarissa Resources, Inc.'s (PINKSHEETS: SRSR) CEO, Scott Keevil,
issued a letter to shareholders today providing a general corporate
update and outlining recent developments and key ongoing initiatives.
The letter reads as follows:

Dear fellow Sarissa Resources shareholders,

Since taking on the leadership role with Sarissa just 6 months ago, I
have had the opportunity to direct and oversee the acquisition of an
outstanding mineral property for our company, the Nemegosenda
carbonatite property, and to begin to formulate the strategy for an
exploration and confirmation program. We have made phenomenal
progress in this short time, effectively graduating from a very
junior exploration company with exciting yet undeveloped potential,
to a company with ownership of a world-class asset, one with a
historic reserve base reported at 20 million tons of 0.47% Nb2O5
material, as outlined initially by Dominion Gulf Company.

Moving forward, the immediate goal for Sarissa will be to confirm and
rapidly increase the size of the historic 20 million ton resource
base at Nemegosenda. While we have no control over world markets or
the value of resources, we do have control over the definition of
those resources. To that end, a significantly larger resource base
will be aggressively pursued through confirmation of the main ore
zone; explorations for extensions of the main ore zone; more detailed
analysis for possible additional values in uranium, tantalum and rare
earth elements; exploration on the East Zones to further define the
known niobium occurrences there; as well as exploration on some of
the under-explored areas of our property. Fortunately, we happen to
be living in a day and age when we are able to apply modern
exploration and analysis techniques to the property that may not have
been available to the geologists working for Gulf Minerals
approximately 50 years ago when Nemegosenda was first explored.

Leading the charge on this front, we have been fortunate to attract
some top-notch geological talent to the Board of Directors to assist
us in analyzing the historic data, and in planning and implementing
ongoing exploration activities: Dr. Cam Cheriton, a Harvard University
educated Economic Geologist with a vast knowledge of the geology of
Northern Ontario; and Alan Hawke, a seasoned exploration geologist
with outstanding credentials both in mineral exploration and in mine
building.

In March we began the process of independently assessing the historic
geological work done on the property and developing an exploration
plan to bring the deposit into NI 43-101 compliance. The results of
that independent assessment confirmed that, "based on a comparison of
the Dominion Gulf and OGS [Ontario Geological Survey] historical work
done to date... is detailed and of high quality." Further, "The
detailed work of the OGS in the 1970s and 80s has largely confirmed
the interpretations and the historical exploration work of Parsons
and the Dominion Gulf Company."

Alan Hawke has begun the process of having the extensive database of
geological information that we have digitized, including the data
from the drill logs of more than 60 holes comprising some 35,000 feet
of drilling. This will allow us to generate a fairly complete
3-dimensional model of the main ore zone, allowing us to very
specifically target the drilling we need in order both to confirm and
to expand on this zone. Once the data is in electronic form we will
have a geological consulting firm translate it into a 3-dimensional
model. The combination of all this data into one easily-managed model
should greatly assist us in our ongoing exploration and development
of Nemegosenda, both in targeting and in economizing our overall
exploration expenditures.

In recent days and weeks, the Company has had a crew working at the
site on road rehabilitation. The crew has completed a 600 meter drill
path from one of the ancillary lumber roads into the Main D Zone and
work is continuing on the existing network of lumber roads to upgrade
them to allow heavy equipment to be delivered to the site.
Additionally, Sarissa has received verbal information from a local
source that entered and followed the 580-foot adit in August of 2007
to the end and has reported that it is dry and in good shape for
rehabilitation, an assessment that Sarissa will next endeavour to
confirm.

With respect to the Company's financial footing, we have recently
retained the services of an auditing firm to audit the consolidated
financial statements of Sarissa Resources in accordance with Generally
Accepted Accounting Principals (GAAP) and to provide the Company's
Board of Directors with an opinion on them in accordance with the
standards of the Public Company Accounting Oversight Board (United
States), and we are currently in the midst of that process. This will
be another step in our progress toward improving the company's
corporate and listing structure.

As far as financing the Company's growth is concerned, the Company's
management team is committed to accessing capital in a responsible
manner having recently completed a few small private placements of
restricted shares to raise the necessary funds to complete these early
stages of our evolution. Furthermore, we are committed to continue to
balance our capital requirements with our desire to maintain a
reasonable share structure through judicious placement activities.
All told, after accounting for recent private placements and share
issuances in which 14,250,000 Sarissa Resources shares were
allocated, the Company's fully diluted capital structure is comprised
of 740,116,058 common shares outstanding, of which 264,030,000 are
restricted.

In summation, the vast scale of this exciting exploration target
requires a professional approach to determine the ultimate extent of
the deposits, and both I and the rest of the management team are
motivated by the potential of this project and look forward to
reporting new results and developments as they occur. We are excited
about the potential that lies ahead and thank you for your patience,
loyalty and your continued support as we move forward. We can only
hope that the next 6 months will be as exciting and productive as the
first 6 have been and we will continue to communicate regularly on
our progress as we strive to reach our goals.

About Sarissa Resources

Sarissa Resources is an American junior exploration company that
identifies and explores mineral properties in North America.
Currently, Sarissa has interests in properties with base metal,
precious metal, uranium and niobium prospects in Northern Ontario,
Canada.

Safe Harbor

This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Sarissa Resources, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
FOR FURTHER INFORMATION contact:
www.sarissaresources.com
Brass Bulls Investor Relations
Matthew Lovito
866-342-2700
www.brassbulls.com

SOURCE: Sarissa Resources, Inc.
http://www.sarissaresources.com
http://www.brassbulls.com
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