Adroit Sells Oil and Gas Property Interest
ADROIT RESOURCES INC.
(TSXV: ADT & FSE : A7V)
News Release - January 13th, 2011
ADROIT SELLS OIL AND GAS PROPERTY INTEREST
Vancouver, Canada, January 13th, 2011. Adroit Resources Inc. (TSXV: ADT & FSE: A7V). Management is pleased to announce that the Company sold its working interest in the NYTEX Petroleum Panhandle Field oil and gas property in Texas (the “Panhandle Property”). The 2.8125% working interest has been sold for 57,813 shares of Common Stock in NYTEX Petroleum’s parent company, NYTEX Energy Holdings, Inc. (“NYTEX”) at an issue price of USD1.00 per share. The NYTEX Common Stock is classified as Rule 144 stock by the U.S. Securities and Exchange Commission (“SEC”) and is restricted for six months.
The sale will allow the Company to monetize its investment in NYTEX when deemed appropriate in order to focus its activities on the core mining opportunities, both in Canada and in Italy.
Adroit Resources Inc. is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Grosseto Province, Italy and diamonds, precious and base metals in the Timmins/Shining Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. In addition, Adroit is seeking new precious and base metal projects to add to its expanding portfolio. The Company’s issued and outstanding share capital is 97,970,049.
On behalf of the Board of Directors
Graeme Rowland
Chairman and President
Adroit Resources Inc. 510 – 1190 Melville Street, Vancouver, B.C., V6E 3W1 (604) 688-3304 [email protected] web site: www.adroitresources.ca
Blackwell (Corporate Advisor)
(416) 364-3123 [email protected]
Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.