ETN Etna Resources Com Npv

Etna Resources Inc. ("Etna") (TSX VENTURE: ETN) is pleased to announce a non-brokered private placement financing ("the Offering") of a minimum of $3,000,000 at a price of $0.30 per unit. Each unit will be comprised of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.50 for a period of 18 months from the date of closing. The securities issued in connection with the Offering will be subject to a hold period as required by applicable securities laws. The Offering is scheduled to close on or about October 30th, 2009 and is subject to the receipt of all necessary corporate and regulatory approvals. Proceeds from the Offering will be held in escrow pending the closing of the Securities Exchange Agreement (as discussed below). Following closing of the Securities Exchange Agreement the Company intends to use the funds for exploration and development of nine Lithium salar projects in Chile and for general working capital purposes. A finder's fee may be payable in cash and/or finder's units in connection with the Offering.

Etna has recently entered into a Securities Exchange Agreement with Sociedad Gareste Limitada ("Gareste") whereby, upon closing of the transaction, Etna will obtain interests in a total of nine lithium salars in Chile. Gareste is a private Chilean company established in the 1990s and engaged in the business of mineral exploration in Chile. The existing portfolio of rights in the nine salars to be transferred includes surface brine lakes or surface flow at Lagunas Verde, Lagunas Bravas and Rio Salado/Pedernales, and six additional lithium brine projects, all located in the mineral-rich Atacama Region III. The rights in these nine lithium salars cover a cumulative area in excess of 11,500 hectares, all accessible via serviceable roads. It is believed that the salars collectively carry the potential to host lithium in three distinct brine types: surface water, shallow and deep brines.

On Behalf of the Board,

ETNA RESOURCES INC.

Jerry A. Minni, Director & Chief Financial Officer

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company such as the statement that (i) the closing of the financing may occur and that closing may occur on or prior to October 31, 2010; (ii) proceeds from the Offering are intended to be used by the Company to fund exploration and development of nine Lithium salar projects in Chile; and (iii) the belief that the Properties may carry the potential to host lithium in three distinct brines types; There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including the (i) inability to obtain Exchange approval and close the acquisition and financing for any reason; (ii) adverse market conditions; (iii) a decrease in demand for and price of lithium; and (iv) general uncertainties with respect to mineral exploration in general. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to "U.S. Persons", as such term is defined in regulation s under the U.S. Securities Act, unless an exemption from such registration requirements is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Etna Resources Inc. Jerry A. Minni Director & Chief Financial Officer 604-683-8610