Mining, Grade Control & Exploration proceeds to Q1 2011 Gold Pour

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PERTH, Western Australia, Nov. 30 /CNW/ - The Directors of Adamus Resources (ASX:ADU) are pleased to announce rapid progress of grade control drilling and mining, at the Nzema Gold project, with mill commissioning set to commence within weeks and gold production scheduled for early 2011.

Mining contractor African Mining Services ("AMS") has fully mobilized to site and has commenced mining operations at the Nugget Hill 1A open pit.  Utilising four Caterpillar 777 trucks and a Liebherr excavator, the larger capacity of the AMS equipment has resulted in acceleration of ore delivery to the ROM pad.  The stockpile on the ROM is now approaching 100,000t - approximately two weeks production.

Two grade control drill rigs are in operation and have completed the first phase of grade control drilling at the Salman South 1B, Nugget Hill 1A / 1B and Teberu 01 pits. Grade control drilling at Salman Central 01 is 90% complete and drilling at Salman South 1A has commenced. Results from the program will be analyzed over the next quarter.

Sulphide Exploration

Exploration drilling of the sulphide ore zones below the oxide pits has continued during November.  The diamond drill rig has been moved to Salman following positive results from the initial program at Teberu 04 and Nugget Hill 1A that were reported in previous releases. (ASX releases 24/10, 8 /11)

Oxide Exploration

Access and site preparation work is well advanced at the Aliva prospect, located 10km southwest of the Nzema plant, where a reverse circulation (RC) resource definition program is planned to upgrade the resource from the current Inferred category to Indicated.  Aliva is located close to the new haul and service road constructed by Adamus to bypass the villages of Nkroful and Teleku-Bokazo.

Forward Program

Mining is scheduled to commence at Teberu 01 pit within a week following the successful commencement of mining at Nugget Hill 1B. Mining at Salman South 1A is scheduled for January.  Exploration will continue to focus on drilling the oxide resource at Aliva and delineation of the sulphide ore zones along the Salman Trend through to the end of the year. A resource update is planned for 2011.

About Adamus
Adamus Resources Limited is an explorer and mine developer, listed on the 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 665km² 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

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.

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:

please see our website:  www.adamusresources.com.au or contact:

For media enquiries contact:

Brian Thornton - Farrington National
[phone]
email:  [email protected]