Encounter Resources Ltd.

The directors of Encounter Resources are pleased to announce that, in light of the improving price outlook for cobalt, Encounter is evaluating the near-term cobalt potential of the copper-cobalt prospects at Yeneena, Western Australia. Encounter controls 70 strike kilometres of Yeneena basin that is prospective for Proterozoic copper-cobalt deposits similar to the deposits of the Central African Copperbelt.