Kerr Achieves Major Project Milestone With Receipt of Decision of Record - Seite 2

Giulio T. Bonifacio, Chief Executive Officer stated: “We are extremely pleased that we are now fully permitted with modifications to our existing permits that will allow for further enhanced project economics. Receipt of the Decision of Record from the BLM is the culmination of the considerable, difficult and timely process that is not readily achieved as demonstrated by the challenges faced by several projects in our sector. Final receipt of the Decision of Record is a major project milestone which will now allow for the re-start of the Copperstone mine in the near term. Furthermore, we would like to thank the State of Arizona and the BLM for working closely and diligently with Kerr and all stakeholders to achieve this significant permitting milestone.”

About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt located in mining-friendly Arizona.

For further information please visit the Kerr Mines website (www.kerrmines.com)

The technical information in this news release has been reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101.

For further information contact:

Giulio Bonifacio
Chief Executive Officer
[e-mail]
604-318-6760

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements, including current expectations on future exploration plans, the timing of the commencement of production and the rate of production, if commenced, receipt of permit approvals, potential changes to the mineral processing method set out in the Copperstone PFS and anticipated changes to project capital costs and overall project economics. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; reliance on third parties, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.