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| |   Mon Jan 5, 2009
Black Bull Resources Inc. Announces Strategic Review
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| | Shelburne, NS --- January 5, 2009 - Black Bull Resources Incorporated announced that due to the current severe economic downturn which has hurt revenue generation the company will be investigating strategic options, including cessation of most or all operational activities until markets strengthen.
"Many companies, including Black Bull Resources Inc. have been adversely affected by the deep recession, Black Bull has not been exempt from the effects of this negative economic environment" said Rick Shearer, President and CEO, "As a result, we will be exploring several alternatives and we will be reporting these findings to the shareholders in the near future. In the meantime, the company remains open for business and continues to investigate opportunities for our quartz and kaolin resource".
About Black Bull Resources Inc.
Black Bull Resources Inc. is a Canadian mining company based in Nova Scotia that operates the White Rock Mine near Shelburne. The Mine produces a unique, bright, white, high-purity quartz, marketed under the Scotia WhiteTM trademark which is used in a range of value-added, specialty products.
Further detailed information may be obtained from the Company's website www.blackbullresources.com or corporate filings at www.SEDAR.com. For other Company information contact:
Richard J. Shearer,
President & CEO
Black Bull Resources Inc.
Tel: 902-875-1510
Fax: 902-875-1617
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation statements regarding the Company's mining properties, development results or future plans, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed elsewhere in documents that are available to the public.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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| | You can view the Next News Releases item: Tue Jan 27, 2009, Black Bull Resources Inc. Announces September 30, 2008 -- Annual Financial Statement Release and Implementation of a Reduced Operations Business Plan
You can view the Previous News Releases item: Tue Aug 26, 2008, Black Bull Resources Continues Repositioning Program and Announces June 30, 2008 Interim Financial Statement Results
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