Pele Mountain Discovers New Mineralized Zones, Expands Others, at East Highland Gold Project

TORONTO, ONTARIO, Nov 09 (MARKET WIRE) --
Pele Mountain Resources Inc. (TSX VENTURE: GEM) ("Pele" or the "Company")
(TSX VENTURE: GEM) announced today that a recently completed mechanical
stripping program has resulted in the discovery of new mineralized zones,
and the expansion of others, at its East Highland gold property in
Northern Ontario. Please click to see recent photos
http://www.pelemountain.com/highland_east_gallery.php. Detailed channel
sampling is now underway at five high priority zones. Results will be
used to finalize drill locations for a planned upcoming core drilling
program. East Highland is 100-percent owned by Pele Gold Corporation, a
wholly owned subsidiary of the Company.

Al Shefsky, President and CEO of Pele stated, "We've enjoyed an
exceptionally successful field season at our Highland gold properties,
discovering and expanding several well-mineralized zones at East Highland
in geological settings similar to historic and currently producing gold
mines in the area. We are particularly excited about the Haystack and
Macallan gold zones, which have been expanded substantially in the
mechanical stripping program and exhibit outstanding potential to host
significant gold deposits. Following the receipt of channel sampling
assays, we will launch a drill program at East Highland that will
continue into winter. With outstanding local infrastructure, including
three nearby modern gold mills, Pele management believes there is
excellent potential to establish revenue generating operations at East
Highland."

Following the first systematic exploration program since the 1940s, the
shear system at Haystack, which occurs in a mixed sedimentary / volcanic
package, has been exposed intermittently over an 830-metre strike length
and remains open in both directions along strike, with widths from a few
metres to over 15 metres. Reconnaissance sampling of old overgrown
trenches, by Pele earlier this field season (16 samples) returned gold
values from non detect ("ND") to 9.3 g/t, while historic data includes
two chip samples assaying 19.0 g/t and 18.1 g/t gold over 1.8 metres
each, along with a grab sample of 44.5 g/t gold.

The Macallan occurrence, in mafic volcanics, was first explored by Pele
in 2004, with initial grab samples returning gold values from ND to 57.7
g/t Au. Grab samples taken this field season have returned gold values
from ND to 12.6 g/t. Recent mechanical stripping has resulted in the
discovery of a system of multiple, parallel, quartz veins in the shear
zone, which has now been exposed intermittently over a 560-metre strike
length, remaining open to the east and west, with widths from a few
metres to 18 metres. A possible offset extension of the zone has been
exposed by stripping and also remains open along strike.

The Lone Ranger occurrence, in a quartz porphyritic felsic unit
approximately 40 metres in width, which extends over a 160-metre strike
length, remains open along strike. Three cut channel samples, totaling
30.3 metres, covering 90 metres of strike length, gave values up to 34
g/t over 2 metres, with others from ND to 1.9 g/t over 2-metre lengths.
Higher grade samples are associated with widespread stockwork quartz
veining carrying visible gold.

Prospecting, mapping and sampling at East Highland has led to the
discovery / re-discovery of two mineralized occurrences, the Mac
Porphyry, in a quartz porphyry unit, which occurs parallel to Macallan
approximately 50 metres to the north, and Golden Eagle East, in a mixed
sedimentary / mafic volcanic package, which is on strike with the Golden
Eagle zone, but lies approximately 300 metres to the east. Mechanical
stripping has been completed at both locations and channel sampling is
underway in preparation for drilling.

Pele's Highland gold properties cover more than 10,000 acres along the
Michipicoten Greenstone Belt, approximately 100 kilometres southeast of
Hemlo in Northern Ontario. In the late-1990s, Pele mined a 10,000-tonne
bulk sample (to a maximum depth of just ten metres) at East Highland's
Markes Zone, returning positive cash flow when gold was trading at US$300
per ounce.

Samples were analyzed for gold by fire assay with AA finish at Accurassay
Laboratories in Thunder Bay, an independent, ISO 17025 accredited
laboratory. The Company is performing routine QA and QC on laboratory
assay results. This news release has been reviewed and approved by Peter
Dimmell, P.Geo., a Pele Director and a Qualified Person under National
Instrument 43-101.

About Pele

Pele Mountain Resources is discovering and developing the mineral wealth
of Northern Ontario. At its Eco Ridge Mine uranium project, Pele is
advancing toward the sustainable development of a safe, secure, and
reliable operation near Elliot Lake. At its East Highland Gold project,
Pele has located several high-grade showings and is working to identify
mineable gold resources. The Company also holds the Ardeen Gold and
Sudbury Nickel projects, which are actively explored under option
agreements with Coventry Resources Ltd. and Wallbridge Mining Company,
respectively. Pele's shares are listed on the TSX Venture Exchange under
the symbol "GEM".

Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe Pele's future
plans, objectives or goals, including words to the effect that Pele or
management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their
very nature, they involve inherent risks and uncertainties. Actual
results in each case could differ materially from those currently
anticipated in such statements. The economic viability of the 43-101
mineral resource at Pele's Elliot Lake Project has not yet been
demonstrated by a preliminary feasibility study.

Common Shares Outstanding: 95,486,944

Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Pele Mountain Resources Inc.
Al Shefsky
President
(800) 315-7353
www.pelemountain.com

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