Gold Exploration in West Africa

[FL]

Adamus (ADU Sydney,ADU.V) to Acquire Anwia Project (Ghana)

[Note: Adamus Resources trades in Sydney; it's also listed on the Venture Exchange in Canada, but for some reason it has very little trading volume there. If you want make a bid or ask in Canada, I suggest being guided by the Australian price. It has some good properties just north of Axim in Ghana, where the Ashanti gold belt meets the sea. This looks to me like a good acquisition -- from afar. I have no Adamus. FL]

MineBox - 21 January 2006
http://www.minebox.com/story.asp?articleId=7047

PICTURE: Free gold sample from Anwia South Project

Adamus Resources has agreed, subject to conditions precedent, to acquire 100% of the Anwia South gold project in West Africa through the acquisition of Nkroful Mining Ltd.

Adamus believes the acquisition has the potential to add significant high grade resource ounces to the company’s current resource base of 18Mt at 2.0 grams per tonne (g/t) for 1,200,000 oz gold at its Southern Ashanti Gold Project, in Ghana, West Africa.

The Anwia South (formerly Nkroful) Project consists of granted prospecting license covering 80sqkm, bordering both the southern and western boundaries of Adamus’ Anwia Project.

The Anwia South Project contains high grade mineralization including drill intersections of 6m at 148g/t, 5m at 71.7g/t and 14m at 10.1g/t gold extending over 350m of strike with mineralization remaining open both along strike and down dip.

Gold mineralization often occurs as free gold in quartz veins, with historic cyanide leach tests on RC chips returning 94% recovery. According to the company, the project is extremely well located with the Atom prospect situated only 3km south of the Anwia Deposit and 10km southwest of the Salman Deposit.

Previous diamond and RC drilling has already defined multiple westdipping lodes at the Atom prospect and highlighting the potential for additional discoveries throughout the broader project.

Under the proposed agreement, Adamus will acquire 100% of the issued capital in Nkroful Mining, including all rights, licenses and interests in the Anwia South Project.

- 19 Jan 2006