Thick, Rare Earth Element Mineralization, Open At Depth Intersected

HALIFAX - E-Tech Resources Inc. reported that its Phase 2 diamond drilling program has again successfully intersected shallow and thick REE mineralization at the Eureka REE .

Highlights from the diamond drilling include: Drill Hole ED028 intersected 8.2m at 2.6%TREO from 83m (including 3.7m at 4.7% TREO); and Drill Hole ED027 intersected 7.9m at 1.4%TREO from 58m (including 4.9m at 2.1% TREO).

Jim Megann, Interim CEO, said, "The significant scale potential of the Eureka Project continues to be underscored by our repeatable quality REE results and we look forward to further drilling commencing this month. These intercepts of shallower and wider zones of mineralization will add significant tonnage potential to the current Zone 1 and 3 areas."

A total of 376 samples (including standards, duplicates and blanks) from the 11 hole 2226 meter diamond drilling program have been analyzed. The objective of this diamond drill program was to gain a firm understanding of the structural and lithological controls on mineralization at Zones 1, 2 and 3. Following this program, further RC and diamond drilling will be undertaken over these new areas as well as those already identified along strike.

The recently completed detailed magnetic and radiometric ground survey has resulted in the identification of anomalies prospective for REE mineralization. The magnetic data indicates that there is potential for similar styles of REE mineralization up to >4km in strike extent, with significant potential identified beyond the initial drilling targets. The company is therefore currently undertaking a full review of all its exploration results and data received to date, with a view to announcing our next stage of exploration.

Christopher Drysdale, Director added, "These diamond drilling results represent the final outstanding drill results from the Phase 2 drill program conducted earlier this year. Our understanding of the petrophysical properties of the Eureka project has expanded exponentially. This understanding has continued to identify new targets and trends, and on which to date we have not conducted any drill testing. We look forward to receiving more exploration results and to inspecting the new targets on our project area."