Armadillo Resources Ltd. - Assay Results from Waverley-Tangier high of 22.30
g/t Gold and 1,310.0 g/t Silver

VANCOUVER, Feb. 24 /CNW/ - (TSX: ARO) The Company has received all of the analytical results from its 761.6-metre diamond drill program conducted at its Waverley-Tangier vein-hosted gold, silver, lead, zinc project in the Revelstoke Mining District of east central British Columbia. Les Kjosness, President, is pleased to announce the following results:

    
                   Waverley - Tangier Drill Sample Results

    Hole No      From      To    Interval   Gold     Silver   Lead      Zinc
                  (m)      (m)      (m)     (g/t)    (g/t)     (%)      (%)

       2         50.90    62.48    11.58    1.66      148.7    0.36     1.37
    includes     54.41    60.20     5.79    2.42      245.2    0.63     2.64

       5         49.53    62.03    12.50    2.45      145.4    0.62     0.90
    includes     51.82    53.34     1.52    6.80      162.5    2.01     2.70
      and        59.58    62.03     2.44    5.30      567.9    0.56     0.64

       8         62.48    71.02     8.53    3.20      190.3    0.28     1.92
    includes     63.28    71.02     6.22    4.37      261.1    0.38     2.55
    includes     67.82    68.58     0.76   22.30     1310.0    1.50     0.34

    Notes:
    1.  Downhole distances represent apparent widths, although the
        orientation of the interpreted mineralized zone is such that they are
        close to true widths.
    2.  Holes No. 1, 3, 6 and 7 had no significant results. Hole No. 4 was
        not sampled.
    

A full list of assays will shortly be available on our website, www.armadilloresources.com.

Mineralization consists of sphalerite, silver-bearing jamesonite, stibnite and native silver disseminated within a tabular, steeply-dipping zone of quartz breccia. The zone varies in apparent width from 8.5 metres in Hole 8 to 12.5 metres in Hole 2. The entire mineralized section is hosted in laminated limestones and calcareous phyllites.

From the results of the 2009 drill program a mineralized zone has been identified over a strike of 100 metres to a depth of 50 metres with an average thickness of 10 metres open at both ends and at depth. Management is particularly encouraged by the +5-metre intervals in holes 2, 5 and 8 that average in excess of 0.5 grams gold per tonne.

Armadillo has also appointed Stephen Wetherup, PGeo, to the Board as an ambitious 2010 summer program is planned to complete the recommendations in the 2009 independent NI 43-101 Technical Report.

This news release has been reviewed and the contents approved by the Company's Qualified Person, David Rennie, P. Eng.

On behalf of the Board,

"Les Kjosness" President and Director

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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information: Les Kjosness: [phone]; Kirsti Mattson: [phone] media