Teryl Resources Receives Work Program for the 2008 Season on the Gil Joint Venture, Fairbanks, Alaska
Tue May 20, 4:16 PMVANCOUVER--(BUSINESS WIRE)--Teryl Resources Corp. (TSX VENTURE: TRC.V) (OTCBB: TRYLF.OB) is pleased to announce it has received the work program for the 2008 season, on the Gil joint venture, Fairbanks, Alaska, from our joint venture partner Fairbanks Gold Mining, Inc. (FGMI) a subsidiary of Kinross Gold Corporation.
An 8 hole 4000' RC drilling program has been designed that follows up on anomalous soil samples and promising trench and drill results on Sourdough Ridge. These holes are intended to extend the strike length of the Gil mineralization to the east. Planned holes depths for this program are approximately 500 feet.
In addition, a Bombardier soil auger program is designed to infill around anomalous gold-in-soil anomalies to better define future drill targets on the Gil East. The auger soil sampling program will commence in July with drilling to begin in August.
The total cost of the proposed program is estimated at $235,000 and is covered under the approved 2008 FGMI Exploration budget.
The program will be managed and conducted by FGMI.
Qualified Person: Mr. Curt Freeman, MS, PGeo, Certified Professional Geologist (#6901), member of the American Institute of Professional Geologists, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of this news release.
ABOUT TERYL RESOURCES CORP.
With interests in four gold properties, Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska. The Gil project is a joint venture with Kinross Gold Corporation (TSX: K; NYSE: KGC) (80% Kinross/20% Teryl). The Companys other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC BB: LNXGF); the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property. In Arizona, Teryl has a 100% interest in seven patented claim blocks, consisting of 600 acres, in the Warren Mining District, Cochise County, Arizona. The seven patented claim blocks are called the Gold Hill prospect, which includes the Old Gold Hill mine. Teryl also has one joint venture silver prospect located in Northern BC, Canada. Teryl Resources Corp. has revenue from oil and gas projects in Texas and Kentucky. For further information visit the Companys website at http://www.terylresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
John Robertson
John Robertson
President
READER ADVISORY
This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Teryl, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Companys 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Teryl Resources Corp.
John Robertson, President,
800-665-4616
www.terylresources.com
or
Renmark
Financial Communications
Dan Symons: dsymons@renmarkfinancial.com
John
Boidman: jboidman@renmarkfinancial.com
Tel:
(514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com



