Olivut Resources Ltd. ("Olivut" or the "Company") (TSX VENTURE:OLV) announces
the resignation of Dr. Leon Daniels as a director of the Board.


The Company appreciates the contributions Dr. Daniels has made over the past
four years and looks forward to continuing a working relationship with him on a
consulting basis as the Company develops its projects. 


Olivut is a diamond exploration company with a 100% mineral interest in the HOAM
Project in Canada's Northwest Territories and option agreements with Orosur
Mining Inc. whereby Olivut may earn up to 80% interest in diamond prospecting
and exploration licenses located in northern Uruguay, South America and with
Latin American Minerals Inc. and certain of its Paraguayan subsidiaries to
explore the Itapoty Diamond Project located in central Paraguay, South America.
Please visit www.olivut.com for detailed corporate and project information.


This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from those
indicated by such statements. All statements, other than statements of
historical fact, included herein, including, without limitations statements
regarding future production, 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.


Leni Keough, P.Geo., President and Chief Executive Officer
Olivut Resources (TSXV:OLV)
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