Currie Rose Resources Inc.: Status of the South African Isibaya Acquisition, Amendment of Acquisition Terms

Currie Rose Resources Inc. (the "Company") (TSX
VENTURE:CUI)(OTCBB:CUIRF)(FRANKFURT:CDVN) - 


The Company is pleased to announce it has received a National Instrument 43-101
technical report on Uitvalgrond PGE-Chromite (platinum group elements) Project,
which is the property on which the Company plans on initially conducting
exploration activities. The technical report has been submitted to the TSX
Venture Exchange for review as part of the regulatory filing process and is
available for viewing on the Company's website www.currierose.com.


In order to facilitate the transaction progressing to completion, the Company
and Rock & Stock Investments (Pty) Ltd. ("R&S") have agreed to modify the
purchase agreement to an option agreement. The result of the amended agreement
is that the Company will not issue the 7,500,000 common shares or 4,000,000
warrants on closing. Instead, the Company has been granted an option to earn up
to a 44% interest in the shares of Isibaya owned by R&S by the expenditure of
$3,000,000 US, over a three year period, with a firm commitment of $350,000 US
during the initial year. The $100,000 US payment to R&S remains as a term of the
option agreement.


Upon earning the 44% interest of shares of Isibaya, the Company has a call and
R&S has a put during a period of one year for the Company to acquire R&S'
remaining 30% interest in shares of Isibaya owned by R&S by the payment of cash
or, at the election of the Company, issuance of common shares in the capital
stock of the Company equal to fair market value of the 30% interest.


In the event neither the Company or R&S exercise the call or put options, then
other provisions of the option agreement apply, and the Company may earn 74% of
the outstanding shares of Isibaya by funding the property to a definitive
feasibility study and by arranging financing for construction and development of
a mine. A 2.5% NSR is payable to R&S in the event the Uitvalgrond or Sondzela
projects are placed into production. A 3% NSR is payable to Wave Exploration and
Development (Pty) Ltd. and a payment of $500,000 US to R&S in the event the
Company places the Steinkopf project into production.


As per the terms of the initial letter agreement, in the event the Company earns
a 74% interest in the shares of Isibaya, the Black Economic Empowerment group
("BEE") will own the remaining 26% interest, as required by South African law.


A finder's fee is payable to third parties of 860,000 common shares of the
Company and 300,000 warrants, exercisable at $0.10 per warrant.


The Company intends on completing a financing to raise funds to undertake
exploration of the Uitvalgrond Project and for working capital, details of which
will be announced when finalized.


The terms of the option agreement are subject to TSX Venture Exchange approval.

BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.

Harold Smith, Chief Executive Officer

"This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the and properties and other future
plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to the actual results of current
exploration activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Currie Rose Resources Inc.
Harold Smith
Chief Executive Officer
(905) 688-9115
www.currierose.com

Currie Rose Resources (TSXV:CUI)
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