Kria Resources Revises Purchase Agreement With Xstrata

TORONTO, ONTARIO, Aug 17 (MARKET WIRE) --
Kria Resources (TSX VENTURE: KIA) today announced that it has revised its
agreement with Xstrata Canada Corporation - Xstrata Zinc Canada Division
("Xstrata") regarding the purchase of the Halfmile Lake and Stratmat
Properties located near Bathurst, New Brunswick.

Pursuant to the revised agreement, Kria will purchase the properties upon
the satisfaction of the following revised conditions:

- On August 17, 2009, paying to Xstrata US$500,000 cash and issuing
10,416,666 common shares priced at $0.24 per share representing
consideration in the amount of Cdn$2,500,000 plus 5,208,333 common share
purchase warrants (a "Warrant"). Each Warrant shall entitle the holder
thereof to acquire one common share of Kria at an exercise price of $0.24
for a four year period from the date of issue. The Warrants were priced
equal to the closing price of Kria's shares on the TSX Venture Exchange
on August 14, 2009;

- On or before January 16, 2010, paying to Xstrata US$1,000,000;

- On or before July 16, 2010, paying to Xstrata US$2,500,000 cash and
issuing units valued at an aggregate of Cdn$1,000,000, with each unit
comprised of one common share plus one-half of one warrant (the "Units").
The warrants relating to the Units shall extend for a period of four
years from the issue date and be priced at 125% of the share price of
July 16, 2010;

- On or before January 16, 2011, paying to Xstrata US$8,000,000; and

- On or before July 16, 2011, paying to Xstrata US$5,000,000.

Kria originally entered into the agreement to purchase the Halfmile Lake
and Stratmat Properties from Xstrata in July 2008. Please see the Press
Release dated July 29, 2008 for further details.

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. A recently
completed Preliminary Economic Assessment of the Halfmile Lake project
estimates a pre-tax NPV of C$587 million and IRR of over 16%. The
Stratmat property has an Inferred Mineral Resource estimate of 5.52
million tonnes grading 6.11% zinc, 2.59% lead, 0.40% copper and 54.21 g/t
silver using a 5.0% 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
Beartooth Platinum and Kria Resources Information Circular of February
26, 2009 filed on SEDAR for the NI 43-101 compliant resource estimates on
Halfmile, Stratmat and Ruttan.

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

Quality Control

The technical contents of this press release have been supervised and
reviewed by Steve Davies, P. Eng., Vice President Operations of Kria and
Dayle Rusk, P. Geo., Vice President Exploration of Kria, both of whom are
Qualified Persons as defined under NI 43-101 guidelines.

Regulatory Footnotes

Cautionary Note Regarding Forward-Looking Information This press release
contains "forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information includes,
but is not limited to, statements with respect to the future financial or
operating performance of Kria and its projects, statements regarding
exploration and development prospects, the identification of mineral
reserves and resources, costs of and capital for exploration projects,
exploration expenditures, timing of future exploration, requirements for
additional capital, government regulation of mining operations,
environmental risks, reclamation expenses, title disputes or claims,
limitations of insurance coverage and the timing and possible outcome of
pending litigation and regulatory matters. Generally, forward-looking
information can be identified by the use of forward-looking terminology
such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does
not anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved".

Estimates regarding the projected economics of the projects are based on
research, experience and analysis of the management of the Company and
external advisors. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company
(and the company resulting from the successful completion of the proposed
transaction) to be materially different from those expressed or implied
by such forward-looking information, including but not limited to:
general business, economic, competitive, political and social
uncertainties; the actual results of current exploration activities;
delay or failure to receive board or regulatory approvals; timing and
availability of external financing on acceptable terms; conclusions of
economic evaluations; changes in project parameters as plans continue to
be refined; future prices of mineral prices; failure of plant, equipment
or processes to operate as anticipated; accidents, labour disputes and
other risks of the mining industry; and, delays in obtaining governmental
approvals or required financing or in the completion of activities.
Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance
on forward-looking information. The Company does not undertake to update
any forward-looking information, except in accordance with applicable
securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY
SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.

Contacts:
Kria Resources
Mike Hoffman
President and CEO
416-861-2964

Kria Resources
Heather Colpitts
Manager, Investor and Public Relations
416-861-5803
info@kriaresources.com
www.kriaresources.com

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