Reliance Resources Ltd. announced recently received gold assays, which have confirmed the continuity of wide intervals of gold mineralisation in the Sondana North Vein; Tanoyan Gold Project; Indonesia. The three drill holes, which complete the 2012 program, assayed are TND 107: 28.90 metres at 1.3 g/t Au from 89 metres, TND 108: 23.20 metres at 0.6 g/t Au from 139.1 metres, TND 109: 23.45 metres at 1.8 g/t Au from 56.05 metres. These intersections have confirmed that the Sondana North Vein is a significant zone of gold mineralisation.

TND109 extended the gold-bearing Sondana North Vein an additional 100m to north. A review of the Sondana North drilling suggests mineralisation is still open further to the north and this high-priority target will be tested during a continuation of the Phase 2 drilling program in 2013. Reliance has completed a total of 22 holes comprising 3,316.2 metres of high-quality diamond drilling, using owner-operated drill rigs, during 2012.

The Phase 2 drilling program, which is slated to extend to 10,000 metres, entered a hiatus during the Christmas - New Year period for essential equipment maintenance and is planned to recommence in early 2013. Reliance is currently undertaking studies which will transition the Tanoyan property from the current exploration phase to exploitation phase. Consultants have been engaged and environmental baseline and impact studies have commenced on site.

The Tanoyan Gold Project consists of an extensive system of auriferous quartz veins, comprising four principal vein systems, Sondana, Ramai, Modupola/Talong and Lingkobungon. These veins are predominantly orientated northeast and dip steeply or moderately to the northwest or southeast. The veins are hosted by andesitic volcanic rocks and have been mapped over a combined strike length of approximately 6 kilometres.

The Phase 2 drilling program is aiming for a significant upgrade to the existing NI 43-101 resource of 208,000 ounces of gold by targeting extensions to drilled sections of the veins, which have been identified along strike and at depth on all vein systems. Previous drilling has primarily been tightly focused on the Sondana and Modupola veins and the current Phase 2 program will extend drilling into all target areas. The resource model at the Sondana and Modupola veins is open at depth for most of its length, especially in the north of the Sondana vein, where significant drill intersections from Phase 1 drilling are located. The Phase 2 drilling program is designed to test at depth for extensions of mineralisation which have been mapped on surface and in locations where earlier drilling has shown the mineralisation is open at depth.

Infill drilling should confirm the strike continuity of vein systems and thereby improve the classification of the mineral resources.