Adamus Resources Limited - Completion Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PERTH, Western Australia, Sept. 20 /CNW/ - Adamus Resources Limited ("Adamus" or the "Company") (TSXV, ASX: ADU) is pleased to announce that it has completed the private placement announced by press release on September 13, 2010. Pursuant to the private placement, Adamus issued 29,000,000 ordinary shares at an issue price of A$0.55 per share to professional and sophisticated investors.

The net proceeds of the private placement will be used to fund the construction and development of the Company's Nzema Gold Project in Ghana and for general working capital purposes.

Pursuant to the rules of the TSX Venture Exchange, the placees have agreed not to trade the Shares on the TSX Venture Exchange until January 21 2011.

    
    Kind regards
    ADAMUS RESOURCES LIMITED

    (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.

For further information: regarding this announcement please contact Ian Cunningham, Company Secretary at [phone]