CUI Currie Rose Resources Inc

Mr. Harold Smith reports:

Currie Rose Resources (TSX VENTURE:CUI) is very pleased to provide the following
exploration and corporate update:


Mabale Hills Gold Project

Currie Rose has intersected near-surface gold mineralization along a strike
length of 300 metres in its first-ever drill program at Sisu River, one of
several prospective properties at its 260-square kilometre Mabale Hills Project
in the prolific Lake Victoria Greenstone Belt of northwest Tanzania. 


Drill hole MBMR-01 returned three metres grading 9.89 g/t Au (including one
metre of 28.25 g/t Au) while MBMR-013 intersected 11 g/t Au over three metres
(including one metre of 21.25 g/t Au). Six holes in the 2,587-metre reverse
circulation (RC) drill program encountered significant gold mineralization while
an additional 12 holes also intersected mineralization (low grade). Based on
these results, the company has contracted Layne Drilling Tanzania for a major
follow-up drill program this spring utilizing a multi-purpose rig (diamond
drilling and RC). Currie Rose is also immediately proceeding with a satellite
imagery analysis of the Sisu River anomaly which will include a potassium
alteration interpretation. A deep penetrating IP survey will also be conducted
as soon as weather conditions permit. 


"We have outlined a significant near-surface expression at Sisu River with a
zone that is open both to the north and the south and at depth," states Michael
Griffiths, Currie Rose's consulting geologist. "We've also discovered at least
two parallel zones of low grade material suggesting multiple shear zones. Most
of the 26 holes were drilled to vertical depths of only 85 to 95 metres. Our
goal in Phase 2 will be to drill underneath the encouraging intercepts we found
in Phase 1 for the potential of wider zones and higher grade material at
vertical depths between 100 and 150 metres. We're optimistic because other
deposits in Tanzania show similar near-surface expressions."


Sisu River is approximately six kilometres northeast of Currie Rose's Mwamazengo
Property where over 6,000 metres of drilling by the Company has confirmed the
presence of a mineralized zone that is continuous for 240 metres along strike
and down dip from the surface to approximately 200 metres and remains open at
depth. Notable high-grade intercepts from different holes include 12 metres
grading 9.11 g/t Au, 31 metres grading 5.97 g/t Au, 34 metres grading 3.60 g/t
Au, and 63 metres grading 2.59 g/t Au. The Company is reviewing all of its
exploration data regarding Mwamazengo and will be utilizing enhanced geophysical
techniques in order to gain a better understanding of this robust mineralized
system in preparation for a new drill program this spring. 


Only a small portion of the large Mabale Hills Project has been systematically
explored. The Company believes the area has strong exploration upside and
expects to define a series of promising new regional targets in the near future.
Mabale Hills has similar geological characteristics to the multi-million ounce
Geita Gold Mine, approximately 65 kilometres to the northeast, where gold is
found in shear zones within banded iron formations. 


Sekenke Gold Project

The Sekenke Gold Project, approximately 200 kilometres from Mabale Hills at the
southeastern end of the Lake Victoria Greenstone Belt, will be a major focus of
Currie Rose's exploration efforts this year. A 5,000 metre Phase 1 drill program
will commence this spring at Sekenke, a land package that covers nearly 300
square kilometres and surrounds and runs in between two past producing historic
high-grade mines. The Phase 1 drill program, using a multi-purpose rig, will
test the highest priority targets derived from an extensive ground-based and
airborne geophysical program as well as satellite imagery. 


Currie Rose has already identified a highly prospective structure (12 km x 800
metres) within a shear zone on the margins of a large granite intrusion that
hosts numerous quartz reefs of the same type and even larger than those that
developed at the nearby historic mines. 


Scadding Gold Property

The Company is pleased to report that an 8,000 metre Phase 2 drill program is
scheduled to commence tomorrow, January 11, at its Scadding Gold Mine Property
near Sudbury, Ontario. Trueclaim Exploration, the operator, is absorbing the
entire cost of this program as part of its option to earn a 51% interest in the
Scadding Project. A promising Phase 1 drill program produced multiple high-grade
gold intercepts across significant lengths in holes throughout the five zones
identified to date at this former producing mine, including 12.9 g/t Au over 19
metres in TRM-10-07. 


Phase 2 drilling at Scadding will target areas of chlorite breccia, the host
rock for the gold mineralization, and is designed to confirm zone to zone
continuity of mineralization. In addition, previous underground workings where
high grades were recovered will be explored to test the potential for a
significant extension of this mineralized system at depth. 


Corporate Developments

Due to the exercising of warrants, Currie Rose's working capital has increased
to $2 million. This provides the company with ample resources to complete a
major exploration program in Tanzania over the coming months which is warranted
due to the very encouraging early stage results to date at the Mabale Hills and
Sekenke Projects. 


"We hold a very large and strategic land position in the Lake Victoria
Greenstone Belt, a proven gold producing region with several significant
deposits and operating mines in close proximity to our properties," explains
Harold Smith, Currie Rose President and CEO. "2011 is going to be our busiest
year ever for exploration as we will be working vigorously to unlock the value
of our projects. We are in a prolific area of Tanzania where of course there are
also additional opportunities and potential synergies that we are examining. In
that regard our focus is on advanced situations and if they have the potential
to enhance shareholder value, we will pursue them."


Drill result highlights from Sisu River and detailed geological information
concerning its Tanzanian and Scadding gold properties are available at the
company's web site, www.CurrieRose.com.


BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.

Harold Smith, President

Notes:

1. All Assay values are uncut.

2. As there is insufficient data to calculate true widths, drill intercept
lengths only are reported.


3. A Quality Assurance/Quality Control program is part of the drilling program
on the Mabale Hills Project. This program includes chain of custody protocol as
well as systematic submittals of standards, duplicates and blank samples into
the flow of samples produced by the drilling.


4. A description of the geology, sampling procedures, and the Company's
laboratory Quality Assurance / Quality Control procedures are as described in
the Company's National Instrument 43-101 Technical Report filed on March 21,
2005. This report is available at www.sedar.com.


5. Samples are prepared and analysed at ALS Laboratories - Mwanza, Tanzania.

The Qualified Person for the release of this exploration information is Michael
Griffiths AusIMM, Director of Currie Rose Resources Inc. and Executive Director
of Chalice Gold Mines Limited.


"This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the and properties and other future
plans, objectives or expectations of the Company 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
plans or expectations include risks relating to the actual results of current
exploration activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation."

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