Kria Resources Enters Into Revised Royalty Agreement

12:30 pm ET 06/21/2010 - Market Wire

TORONTO, ONTARIO -- (MARKET WIRE) -- 06/21/10 -- Kria Resources (TSX VENTURE: KIA) ("Kria" or the "Company") today announced that it has entered into a revised royalty agreement with Premium Exploration, USA, Inc., a wholly-owned subsidiary of Premium Exploration Inc. ("Premium") (TSX VENTURE: PEM). The revised royalty agreement replaces the previous royalty agreement entered into among Clearwater Mining Corporation, the Company and Valencia Ventures Inc. (TSX VENTURE: VVI), governing the acquisition of the Buffalo Gulch projects located in central Idaho (the "Buffalo Gulch Property"). Pursuant to the terms of the revised royalty agreement Premium will pay the Company US$500,000, which is payable in cash or in common shares of Premium and shall pay the Company a 0.75% net smelter return royalty ("NSR") on the Buffalo Gulch Property. The NSR is payable in quarterly installments on commencement of commercial production of gold on the Buffalo Gulch Property to a maximum of US$1,500,000.

The Company intends to complete the sale of the Buffalo Gulch Property to Premium upon completion and receipt of all board approvals, regulatory approvals, including the approval of the TSX Venture Exchange, and completion of all other conditions pursuant to the terms of the revised royalty agreement.

About Kria Resources

Kria Resources is a base metal exploration and development company focused on high-quality, advanced-stage base metal assets. Kria's primary asset is the Halfmile Lake and Stratmat properties near Bathurst, New Brunswick. The Halfmile Lake property has a NI 43-101 compliant Indicated mineral resource estimate of 6.26 million tonnes grading 8.13% zinc, 2.58% lead, 0.22% copper and 30.78 g/t silver using a 5.0% capped zinc equivalent cut-off grade and an Inferred resource estimate of 6.08 million tonnes grading 6.69% zinc, 1.83% lead, 0.14% copper and 20.51 g/t silver using a 5.0% capped zinc equivalent cut-off grade.

Kria also has the Ruttan copper-zinc sulphide project near Leaf Rapids, Manitoba that has an NI 43-101 compliant mineral inferred resource estimate of 19.75 million tonnes grading 1.17% copper and 1.47% zinc using a 1.0% capped copper equivalent cut-off grade. Please refer to the Company's technical reports filed on SEDAR for details regarding the NI 43-101 compliant resource estimates on Halfmile, Stratmat and Ruttan.

Please visit our website at www.kriaresources.com for additional information.

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