Reliance Resources Engages DGI for Investor Relations
Initiates Campaign of Investor Outreach to Strengthen Company Awareness
VANCOUVER, Aug. 20, 2012 - Reliance Resources Limited (TSX: RI) ("Reliance Resources" or "the Company"), a progressive international exploration and resource development company with a primary focus in Indonesia, announces it has engaged Dian Griesel Inc. (DGI), a prominent, full-service corporate communications firm, to serve as its investor relations agency.
DGI will implement a campaign targeting portfolio managers, analysts and the retail community with the goal of increasing investor awareness of Reliance Resources and its gold exploration activities. Reliance Resources oversees a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. Currently, the Company is focusing on three of its five Indonesian gold projects; preparations for Phase 2 drilling on the Tanoyan Gold Project are underway, and surface exploration programs are ongoing at the Kapa Kapa Gold Project and the Roko Gold Project.
"We have identified a significant opportunity in Indonesia and are continuing to develop our properties there," said Gary Lewis, Chairman and CEO of Reliance Resources. "Our five tenements are in good standing, and an aggressive 10,000-meter exploration program at Tanoyan remains firmly on track for a resource upgrade later this year. Our overriding strategy for the coming year is to invest in projects with the prospect of near-term cash flows. DGI has the experience to complement our efforts by helping us ensure that the investment community is aware of our activities. We look forward to working closely with DGI."
DGI, founded in 1996 as The Investor Relations Group, is a full-service corporate communications firm. The company provides an array of services that include targeted introductions to the investment community as well as the media-at-large through the best of traditional and new media outlets.
About Reliance Resources Limited
Reliance Resources Limited is a progressive international exploration and resource development company with its primary focus in Indonesia. The company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. Reliance Resources' Indonesian properties offer an important entry into exciting gold provinces in a country widely regarded as one of the most prospective exploration terrains in the world. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009). For more information, please visit www.relianceresources.com.au
Reliance Resources Ltd.
Adam Holdsworth, 212-825-3210