Sarissa Resources Inc. announced update to shareholders relating to ongoing activities. The company has prepared plans to advance exploration of the Nemegosenda Niobium Project, which it holds through its wholly-owned subsidiary, Nio-Star Corp. The first phase of those plans involved initial conceptual analysis, which was followed by testing of Niobium mineralized material at a research facility in Houston, Texas.

This testing sought to maximize liberation of the pyrochlore containing Niobium. Initial positive results from this first stage have led to the development of plans for a larger scale test, to be conducted this spring. In addition, following the recommendations presented in the last NI 43-101 technical report prepared on the Nemegosenda Niobium Property a drilling program of approximately 1,500 Meters has been outlined.

This drilling will, among other things, provide precise twinning of five of the original Dominion Gulf drill holes within the D Zone that are discussed in that report. Drilling of the first hole is scheduled to begin as soon as roads to the area can be cleared and the drilling equipment mobilized onsite. Mobilization for drilling was started this week, with drilling to follow.

With respect to the metallurgical testing that was undertaken in China on samples from the Nemegoenda Niobium Property by the Chinese State Owned Enterprise with whom the company had entered into a Letter of Intent with the company has been advised that testing remains in progress. To date, a written interim report on this testing has not been received by the company. The company has not entered in to any recent letters of intent with potential joint venture partners or others relating to the Nemegosenda Niobium Property.

However, the company has continued to provide technical information to key interested parties. The company anticipates that the additional information resulting from currently planned exploration and testing will contribute to moving discussions with the aforementioned parties forward.