Mr. H. Vance White of Ring of Fire reports

RING OF FIRE RESOURCES INC. ANNOUNCES DRILLING ON THE MCNUGGET JV GROUND AND PROJECT UPDATE

Ring of Fire Resources Inc. has been advised by its JV partner, MacDonald Mines Exploration Ltd., that the resumption of drilling on the Nickel target (Butler No. 5), on the McNugget JV ground (which is situated within MacDonald's larger Butler property) in the McFauld's Lake area, James Bay Lowlands, Northern Ontario, will commence on or before Feb. 18, 2011. This is part of a much larger drill program by MacDonald Mines on the Butler property.

MacDonald Mines over the last few months have undertaken a comprehensive re-evaluation of the McNugget JV ground that included:

• Relogging and selective resampling of previously drilled holes with an emphasis on alteration identification and quantification;

• Selected whole rock lithogeochemical analysis on representative drill core samples;

• Anomalous vanadium identified from whole rock analysis (greater than 1.5 per cent V2O5);

• Anomalous PGE (platinum group elements) results confirmed;

• Appointment of a technical advisory committee appointed.

These, together with new targets and the better definition of the known targets that have been highlighted from interpretation of additional ground and airborne geophysics that have been previously announced, make this new drilling phase very encouraging and exciting.

Anomalous vanadium discovered

Anomalous vanadium pentoxide (V2O5) has been identified in drill hole MN07-49 that was drilled in 2007 from the recently completed whole rock analysis. This hole was drilled into VTEM anomaly N-30 located on the western side of the McNugget JV ground. This target definitely requires further exploration.

Drill hole     Depth (m)    V2O5 (%)

MN07-49            37.6        1.57
MN07-49            62.1        1.39
MN07-49            66.5        1.14

Anomalous PGE results confirmed

Drill hole MN08-56 drilled in 2008 into the Butler No. 5 nickel anomaly (VTEM anomaly N-25 located on the McNugget JV ground boundary) returned assay values of 24 parts per billion Pt and 177 ppb Pd over a 3.5-metre interval. These results were confirmed by resampling of this interval in more detail in 2010. The 2010 analysis, along with the original 2008 analysis, are presented in the table, "2010 analysis."

                         2010 ANALYSIS

Drill hole    Analysis     From      To  Interval (m)  Pt (ppb)  Pd (ppb)

MN08-56           2008       66    69.5          3.5        24       177
MN08-56           2010    66.15   66.25          0.1        35        67
MN08-56           2010       68   68.15         0.15       128       946
MN08-56           2010       74   74.16         0.16        42       289

The presence of anomalous platinum and palladium concentrations over 3.5 m and the elevated to high values associated with narrow sulphide-enriched fractions within the core indicate that any magmatic sulphide segregations on the property should also be platinum and palladium rich, as are the nickel-copper (Ni-Cu) sulphides from the Eagles Nest ore deposits.

Technical advisory committee

MacDonald has assembled a special technical advisory committee that includes Hadyn Butler, PGeo, James Franklin, PhD, PGeo, and Larry Hulbert, PhD, PGeo, to oversee the advancement of this project (see news in Stockwatch Feb. 9, 2011).

This phase of drilling will use a larger drill rig capable of drilling much deeper holes to test these anomalies.

The McNugget JV property

The McNugget JV property lies within the larger Butler property held by MacDonald Mines and is a joint venture with MacDonald Mines covering six contiguous claims (approximately 1,554 hectares), in the James Bay Lowlands, Ring of Fire area of Northern Ontario. ROF has a 36.75-per-cent interest in this joint venture property, with the remaining interest held by MacDonald Mines, which also acts as operator on the project.

Michael Newbury, PEng (Ontario), a qualified person as such term is defined by National Instrument 43-101 and a director of ROF, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of ROF.

We seek Safe Harbor.