BRYN Resources finalizes the form of a Letter of Intent with Cayenne Gold Mines Ltd

BRYN Resources finalizes the form of a Letter of Intent with Cayenne Gold
Mines Ltd

TORONTO, Nov. 12 /PRNewswire-FirstCall/ - BRYN Resources Inc (PINKSHEETS:
BRYN) (PINKSHEETS: BRYN.PK). Bryn Resources Inc is pleased to announce that it
has finalized the form of a Letter of Intent with Cayenne Gold Mines Ltd.
which it will sign today detailing the parameters within which it may enter
into a Joint Venture Agreement (J.V.) with Cayenne to commence and complete a
bulk sampling extraction from Cayenne's Windflower Property near Revelstoke
British Colombia in the Kootenay Mining Division of B.C.
The parties have undertaken to work together to formulate and finalize the
J.V. within 60 days of today so that an initial sampling of 10,000 tons of
rock can be completed. Historical samplings, on this area of the Windflower
Property, have yielded results reflecting no less than 0.5 ounces of gold per
ton of sample.
Once the initial sampling is financed by Bryn Resources and concluded pursuant
to the J.V. Bryn Resources will have earned a 45% interest in the 14
contiguous Crown granted mineral claims (subject to a 2.5% net smelter return
royalty) in which Cayenne holds a 100% ownership interest.
Bryn Resources views the re-focusing of its corporate efforts to British
Colombia in an area of proven reserves as a forward looking business venture
that will increase the shareholder value of it's stock. Bryn Resources
continues to seek other proven mineralized properties and expects to expand
its relationship with Cayenne in British Colombia.

Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, continued acceptance of the
Company's products, increased levels of competition for the Company, products
and technological changes, the Company's dependence on third-party suppliers,
and other risks detailed from to time in the Company's periodic reports filed
with the Securities and Exchange Commission.

SOURCE Bryn Resources

on Bryn Resources Inc, please visit http://www.brynresources.com