Adamus Resources Limited - Results of Annual General Meeting

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PERTH, Western Australia, Nov. 30 /CNW/ - The Directors of Adamus Resources Limited are pleased to announce that at the Annual General Meeting of shareholders held today, all resolutions put to the meeting were passed unanimously by a show of hands.

Following completion of the Annual General Meeting the Company's Chairman, Mr John Hopkins, has retired from the Board.  The Company extends its sincere gratitude to Mr Hopkins for his valuable professional contribution to the Company since his appointment in 2006.  Mr Hopkins has been instrumental in guiding the Company through the funding and development phase of the Company's Nzema Gold Project in Ghana.  This has positioned the Company where it is now poised to become a gold producer in the first quarter of 2011.

Current Non Executive Director Mr Peter Rowe has been appointed as Chairman of the Board.

(signed)

Ian Cunningham
Company Secretary

Neither 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.

Caution Regarding Forward Looking Information.
Certain statements included in this announcement, including information regarding Adamus' plans with respect to its mineral properties, constitute forward-looking information.  Forward-looking information includes, among other things, statements regarding expected operations.  Forward-looking information is based upon a number of estimates and assumptions made by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances.  While these estimates and assumptions are considered reasonable by the Company, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies.  Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company.  Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.  Investors are cautioned that forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein.  Forward-looking information is made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise.

For further information:

Ian Cunningham, Company Secretary at [phone]