Adamus Resources Limited - September 2010 Pictorial Update

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

PERTH, Western Australia, Oct. 5 /CNW/ - Over the 4 weeks to 30 September 2010 considerable progress has been made on site with construction and exploration. The first phase of grade control drilling at Nugget Hill and Teberu was completed. Plant construction continued to ramp up, as did infrastructure projects associated with roads, tailings and water storage as follows:

    
    -   Mine Area Declaration approved by Mineral Commission;
    -   Construction works on the Nugget Hill to ROM pad road completed,
        tailings dam to Nugget Hill roadworks continue;
    -   Water storage dam wall is finished on the western side and nears
        completion on the east;
    -   Tailings storage clearing completed;
    -   Excavation of the Ankobra pipe trench completed and the pipe fully
        installed;
    -   Phase I road construction continues with 4.6km of road completed.
        Phase II road clearing continues;
    -   Power poles moved to Phase I road and installation of poles has
        commenced;
    -   Ankobra pump control panel installed, panel deck and cage near
        completion;
    -   Ordering of operational spares has commenced whilst the electrical
        operational spares list has been finalised, and first fill reagents
        ordered;
    -   SAG Mill is floating (hydro dynamically) on bearings and SAG Mill
        lube units have been installed;
    -   Installation of crusher flywheels and motor completed;
    -   415V and HV Switchroom buildings punch listed and completed;
    -   415V MCC installation underway;
    -   Workshop steel 65% erected;
    -   Goldroom pedestals completed and backfilled;
    -   Transfer station final lift formwork stripped;
    -   CIL tanks completed;
    -   CV03 slabs poured;
    -   Reagents shed steel erection commence;
    -   Committed some US$96m in expenditure of which we have paid US$68m.
    

Nzema remains on track for first gold pour in Q1 2011.

In the period to 30 October 2010, Adamus will be targeting the following at its Nzema Gold Project:

    
    -   Continue tailings dam construction;
    -   Install Ankobra River pump and commission pipeline;
    -   Finish installing culverts for Phase 1 Access Road;
    -   Finish clearing right of way for the Essiama to Phase 1 section of
        powerline;
    -   Complete top of CIL tank steel installation
    -   Commencing erection of plantsite Administration Building;
    -   Complete CV03 civil works
    -   Fit the SAG Mill Ring Gear and install the SAG Mill Main Motor.
    

Further photographs appear on the Company's website at http://www.adamusresources.com.au/nzema-gold-project/construction-progress.html

About Adamus

Adamus Resources Limited is a Perth-based company developing a gold mine in Ghana, listed on Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V) and Frankfurt Stock Exchange Open Market (FSE). The Company's primary focus is on exploring, realising and expanding the economic potential of the Southern Ashanti Gold Project in Ghana, West Africa. The Project encompasses approximately 665km(2) of tenure in the Ashanti Gold Belt - host to over 100moz of gold and the Project boasts excellent access to port and road infrastructure. Ghana is a stable West African country with a long history and some of the world's largest gold mining operations. Gold production is vital to the national economy. Members of the Adamus Board and management team have proven records in mineral exploration, project development and project financing.

    
    Kind regards
    ADAMUS RESOURCES LIMITED

    (signed)

    Mark Connelly
    Managing Director/CEO
    

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: please see our website: www.adamusresources.com.au or contact: Mark Connelly - Managing Director/CEO, [phone], email: [email protected]; For media enquiries contact: Brian Thornton - Farrington National, [phone], email: [email protected]