Mr. Kyler Hardy reports

EQUITAS RESOURCES CORP. COMPLETES VTEM AIRBORNE SURVEY ON GARLAND PROPERTY

Equitas Resources Corp. has completed phase 1 airborne electromagnetic exploration on the Garland property in Labrador, Canada, which is located less than 30 kilometres southeast of the Voisey's Bay mine.

Phase 1 fieldwork consisted of a 645-line-kilometre utilizing Geotech's exclusive and industry-leading VTEM (versatile time-domain electromagnetic) airborne survey. The EM and magnetic data were collected in order to define electromagnetic anomalies that may be associated with sulphide mineralization. Final results of the survey are expected in approximately four weeks. The final results will be integrated with historical airborne gravity data from previous operators, which will allow for a better distinction of targets from the EM survey.

Historic exploration at the Garland property

The Garland property was explored by 10 separate companies, primarily between the years 1995 to 1999. At the time, individual claim blocks were relatively small with multiple owners, which was not conducive to a regional exploration strategy that would have allowed for the systematic exploration of the area. Exploration methods focused on outdated frequency-domain airborne electromagnetic surveys over isolated areas, and which have very shallow depth penetration capabilities (estimated at 75 metres). Further, reconnaissance rock sampling and mapping covered only a fraction of the property.

Recently, in between 2000 to 2007, parts of the property and areas to the west were explored by Vale Canada Ltd. (and its predecessors). Exploration methods included a regional airborne gravity gradiometer (AGG) survey, with follow-up induced polarity (IP) ground EM surveys, and ground reconnaissance sampling. This exploration resulted in the identification of several localized targets, but only one drill hole was reported for the property. Despite the absence of significant Ni-Cu-Co (nickel-copper-cobalt) mineralization, the drill hole verified the suitability of the region to host a Voisey's Bay-style deposit. The drill hole encountered, "a sequence of variably textured gabbro-norites with trace very-fine-grained disseminated sulphides locally."

NI 43-101 disclosure

Neil McCallum, PGeo, Dahrouge Geological Consulting Ltd., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

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