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Thursday, 12/13/2012 1:00:16 PM

Thursday, December 13, 2012 1:00:16 PM

Post# of 1474
Shining Tree
Sarissa Resources Announces the Spin-Out of Its Interests in Its Shining Tree Mineral Claims

http://www.marketwire.com/press-release/sarissa-resources-announces-spin-out-its-interests-its-shining-tree-mineral-claims-1418956.htm

OAKVILLE, ON--(Marketwire - March 29, 2011) - Sarissa Resources, Inc. ("Sarissa" or "the Company") (PINKSHEETS: SRSR) is pleased to announce that it proposes a spin-out transaction for the Company's Shining Tree gold property (the "Shining Tree Property") in Northern Ontario to a new company, Shining Tree Resources Corp. ("Shining Tree"). Sarissa expects that it will accomplish this spin-out by declaring a dividend-in-kind of all the shares of Shining Tree to the shareholders of Sarissa. The spin-out is being implemented as a first step in the Company's continued efforts to enhance shareholder value, which Sarissa is confident can be best accomplished by creating a separate Ontario focused exploration company. Management of Sarissa hopes that Shining Tree would become a Canadian reporting issuer at the time of, or as soon as possible following, the spin-out. The Shining Tree Property consists of 7 contiguous claim groups, approximately 1200 acres, in the Shining Tree gold area of Northern Ontario. In connection with the spin-out a NI 43-101 independent report is currently being prepared on the Shining Tree Property. The Shining Tree Property lies within the southwest part of the Abitibi greenstone belt. The Abitibi greenstone belt is prospective for a number of mineral deposit types, including mesothermal lode gold deposits, volcanogenic massive base metal sulphide deposits and layered magmatic sulphide (Ni) deposits. The Shining Tree area has been considered an under-explored area within a highly prospective region, due primarily to a land caution covering the area from 1973 until 1996. Previous exploration and diamond drilling on the property by Sarissa had returned positive results, as previously released, and Shining Tree Resources Corp. will further test these and other targets. Pursuant to the spin-out transaction, Sarissa shareholders on the record date for the spin-out will be entitled to receive one share in Shining Tree Resources Corp. for each thirty-five shares of Sarissa held by them. The spin-out is subject to, among other things, Board approval of the final structure and terms of the spin-out, and regulatory approvals, as required. Further particulars, including the record date for the spin-out, will be announced in due course and a complete description of the spin-out will be provided in future announcements setting forth greater details regarding the spin-out, Shining Tree's establishment as a Canadian reporting issuer and any plans for listing of Shining Tree on a stock exchange.

Sarissa Resources Announces the Acquisition of Additional Claims in Shining Tree Resources
http://www.marketwire.com/press-release/sarissa-resources-announces-acquisition-additional-claims-shining-tree-resources-pinksheets-srsr-1519831.htm

OAKVILLE, ON--(Marketwire - May 27, 2011) - Shining Tree Resources Corp. ("Shining Tree Resources" or "the Company") is pleased to announce that it has acquired an additional claim group in the Shining Tree area of Northern Ontario. The new claim group is comprised of 5 claims of 16 claim units each, and is situated approximately 4 kilometers south-west of the Company's existing holdings. It is subject to a 2% NSR, of which 1/2 may be purchased by the Company for a pre-determined price.
Shining Tree Resources is a wholly-owned subsidiary of Sarissa Resources Inc. (PINKSHEETS: SRSR) ("Sarissa"). As has been reported in a previous release, Sarissa expects that it will accomplish a spin-out of Shining Tree Resources to become a Canadian reporting issuer at the time of, or as soon as possible following, the spin-out, by declaring a dividend-in-kind of all the shares of Shining Tree to the shareholders of Sarissa. The initial Shining Tree Property consists of 7 contiguous claim groups, approximately 1200 acres, in the Shining Tree gold area of Northern Ontario. The new claim group increases the Company's land holdings in the area by approximately 13 square kilometers.
The Shining Tree Properties lie within the southwest part of the Abitibi greenstone belt. The Abitibi greenstone belt is prospective for a number of mineral deposit types, including mesothermal lode gold deposits, volcanogenic massive base metal sulphide deposits and layered magmatic sulphide (Ni) deposits. The Shining Tree area has been considered an under-explored area within a highly prospective region, due primarily to a land caution covering the area from 1973 until 1996. Previous exploration and diamond drilling on the property by Sarissa had returned positive results, as previously released, and Shining Tree Resources will further test these and other targets. In preparation for this next phase of exploration, a grid is currently being established over the initial 7 claim group.

Shining Tree related links

National Instrument (NI) 43-101 Technical Reporton the Shining Tree Property (July-2011)
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B7qjX5srbuoQOTY2NTFmMDQtNGJkZC00YmU4LTk4MWEtNzBjNDM0ZDAxYjUy&hl=en
**this document can also be downloaded from Sarissa's profile page on SEDAR.

Shining Tree Project Page
http://www.sarissaresources.com/pages/projects/shining-tree.php

Gold Spot Prices
http://goldprice.org/spot-gold.html




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