Darnley Bay Resources Limited Update

TORONTO, ONTARIO, Jun 19 (MARKET WIRE) --
Further to its news releases of May 1, 2008 and May 7, 2008, Darnley Bay
Resources Limited (TSX VENTURE: DBL) announces that it has completed
settlement of its liability to a creditor of $57,000 by the issue of
142,500 common shares of the Company at $0.40 per share, and that it is
not proceeding with the settlement of another liability to a creditor of
$30,000 by the issue of 78,948 shares at $0.38.

In addition, a director of the Company has exercised 400,000 options at
$0.13 for a total purchase price of $52,000.

The following is an update of further activities and developments:

Concession Agreement

A revised draft of the Concession Agreement for exploration and eventual
development on the Paulatuk 7(1)(a) lands by the Company was received
from the Inuvialuit Regional Corporation on June 13, 2008. It is
currently undergoing a final legal review. It incorporates both metals
and diamonds.

Exploration Program

The Company has engaged Kavik-Axys Inc. to assist in preparation of its
application to the Environmental Impact Screening Committee (EISC) of the
Inuvialuit Land Administration for a land access permit to conduct
exploration in the vicinity of Paulatuk. Kavik-Axys is an
Inuvialuit-owned environmental consultancy based in Inuvik. The
application will be considered during the EISC's July 23-25 meeting. The
exploration program is scheduled to commence in early August and be
completed by mid-October, 2008. It will incorporate:

1. Geological sampling - sampling for base metals and diamonds of
near-surface targets, interpreted from aeromagnetic data and mapped
geology.

2. Airborne gravity survey - the survey will greatly improve the density
and quality of coverage over the Darnley Bay gravity anomaly, to refine
the targets located during the recent 3D modeling, to locate new targets
and to prioritize the targets for drilling.

3. Airborne electromagnetic survey - the survey will focus on the gabbro
sills that are mapped or interpreted from aeromagnetic data, to locate
base metal targets for drilling.

4. Lake bathymetry and river flow studies - required to determine the
optimal sources of water for drilling.

The results of the summer exploration program will be used to prepare the
permit application for the winter drilling campaign.

The Company was formed in 1993 to explore and develop an area of
geophysical significance in the Northwest Territories of Canada. Initial
base metal exploration fortuitously resulted in the discovery of
diamonds, indicating that the area is host to both metallic and
non-metallic mineral deposit interests. The Company's objectives are to
secure and maintain successful financing partnerships to continue
exploration for both base metals and diamonds that will result in the
development of a profitable mining venture.

The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy of
this news release.

Contacts:
Darnley Bay Resources Limited
Leon La Prairie
President
(416) 862-7885
(416) 862-7889 (FAX)
Email: dbr@darnleybay.com
Website: www.darnleybay.com

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