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Allana Resources Inc.: Allana Resources Appoints Nejib Abba Biya Senior Vice President Business Development

^{Published on 2009-03-10 06:33:17, Last Modified on 2009-03-10 06:34:51 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - March 10, 2009) - Allana Resources Inc. (TSX VENTURE:AAA) ("Allana" or the "Company"), is pleased to announce Mr. Nejib Abba Biya has joined the Company as Senior Vice President, Business Development. Mr. Abba Biya has been involved in the mining industry focused in Ethiopia and most recently held the position of Senior Vice President, Business Development for Avion Resources Corp. ("Avion").

Mr. Abba Biya is a graduate of the University of Toronto and holds a Bachelor of Commerce in Finance. In addition to his recent work in the resource sector, Mr. Abba Biya founded and operated several technology companies in Canada. Mr. Abba Biya was born in Ethiopia and has over 20 years of management experience including senior positions with multinational companies. Mr. Abba Biya has been very involved in the African community in Canada and co-founded the Canadian African New Comers organization and was Chairman of the African Training and Employment Center, a non-profit organization that provided training to new Canadians.

In 2007, Mr. Abba Biya was instrumental in Avion's acquisition of gold and base metal properties in Ethiopia. Through his work in Ethiopia in the business and resource sector, Mr. Abba Biya has developed strong support in the government for the mining industry and maintains strong relations with the federal government.

Mr. Abba Biya will focus on maintaining strong government relations and assist in permitting exploration activities at Allana's potash project in the Danakil evaporate basin. Mr Abba Biya is based in Allana's corporate office in Toronto and also maintains a residence in Ethiopia.

Allana's Ethiopia Potash Project is comprised of three mineral concessions in Ethiopia's northeastern Danakil Depression totaling approximately 150 square kilometers. The project area is approximately 100 km from the Red Sea coast and the sea port of Mersa Fatma, Eritrea and 600 km via road from the deep water port of Djibouti. Allana's concessions have an inferred resource estimate of 105,200,000 tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (See News Release Sept. 17, 2008) that is open along strike and to depth. Potash deposits of the Danakil Depression are unique due to their shallow depth and may be amenable to open pit or solution mining.

Farhad Abasov, Allana's President and CEO, stated: "We are very pleased that Mr. Abba Biya has joined Allana to assist our potash exploration program in the Danakil Depression in Ethiopia and to facilitate continuing government support. Mr. Abba Biya brings strong network and extensive experience operating in Ethiopia. Mr. Abba Biya will play a key role in maintaining strong government relations and advancing permitting process in Allana's potash project."

Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.

About Allana Resources Inc.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally and recently optioned a previously explored potash property in Ethiopia with 43-101-compliant inferred resources of over 100 million tonnes with a composite grade of 20.8% KCl. Allana has approximately 49 million shares outstanding and trades on the TSX-Venture exchange under the symbol "AAA".

Forward-Looking Statement

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect of the appointment on the Company, estimated production, the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; litigation liabilities; limitations on insurance coverage and the effect of terminating the investor relations contract. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.

NEITHER THE 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