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GOLD EXPLORER CLAIMS A BONANZA RESULT IN KYRGYZ REPUBLIC


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OVERVIEW
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MANAS RESOURCES (ASX:MSR) reports a 'bonanza' gold result at
Shambesai, in the Kyrgyz Republic of Central Asia.
The company has described the second round of results from
the 2011 drilling campaign at its Shambesai gold project in the Kyrgyz
Republic features a "bonanza" result of 33.7m at 10.74g/t gold including
7.8m at 28.64g/t gold, returned from the Shambesai shear zone outside the
current resource boundary.
Additional results include 17.45m at 2.55g/t gold, 5.1m at
4.49g/t gold and 13.9m at 1.79g/t gold.
Other significant results include 13.9m at 1.78g/t gold from 104m
in SHDDH219, 17.45m at 2.55g/t gold from 14.75m in SHDDH227 and 5.1m at
4.49g/t gold from 59m in SHDDH223.
The results show that the mineralisation continues at depth and
demonstrate continuity of the mineralisation on the contact between the
limestone and siltstone.
The wide high-grade intersection from hole SHDDH224 was returned
from sulphides in the structural zone separating the Shambesai main and
west zones.
The discovery of high-grade mineralisation along this structural
zone has the potential to significantly improve the already robust
project economics by substantially increasing the underground potential
of the project which Manas has recently begun to evaluate.
The majority of this latest round of Shambesai results were
returned from sulphide mineralisation outside of the current
645,000-ounce Mineral Resource, with the best intercept from hole
SHDDH224 demonstrating continuity of mineralisation, at a higher tenor
between the upper main zone and the west zone at depth.
More than 9,700m of the expanded 12,300m drill program has been
completed at Shambesai, with 20,000m to be completed in total across all
exploration sites, and only 5,000m of drilling has been reported.
Drilling is now in progress to test the extent of high-grade
mineralisation along the Shambesai structural zone and to the west of the
structural zone.
The aim of the current drilling program is to increase gold
resources and provide additional mineable oxide for the Shambesai gold
project.
Drilling is currently occurring at two areas - Shambesai and
Pum - with 11,000m completed on all areas.
An expanded program of more than 12,000m of resource and
development drilling has been taking place at Shambesai with the aim of;
1. Rapidly upgrading all resources in the current pit
optimisation;
2. Testing areas for further shallow oxide at the edge of the
existing resource;
3. Testing the fault zone between the deep and main Shambesai
zones; and
4. Defining the zone at the western boundary of the current pit
with the goal of substantially increasing the resource and pit extent.
On May 24, Manas Resources released its first round of high-grade
oxide results from the Shambesai discovery hole drilled at Pum, three
kilometres from Shambesai.
Highlights include:
* High-grade oxide results include 25m at 3.43g/t gold including
12.3m at 5.44g/t gold;
* Broad oxide intercepts include 17.1m at 2.92g/t Au including
6.45m at 4.48g/t Au;
* Significant intersections have been made from outside the
current Shambesai Mineral Resource indicating substantial extensions to
the southern and western oxide resource; and
* First drill hole at Pum prospect returned shallow oxide
intercept of 8.9m at 2.89g/t gold from 15m and remains open.

SHARE PRICE MOVEMENTS
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Shares of Manas Resources yesterday edged up 1c to 22.5c. Rolling
high for the year is 35.5c and low 14.5c. The company has 177.4 million
shares on issue with a market cap of $39.9 million.
The aim of the current drilling program is to increase gold
Resources and provide additional mineable oxide material for the
Shambesai gold project.
Drilling is currently occurring at Shambesai and Pum, with 5,000m
having been completed.
Significant progress has been made towards completing the initial
project permitting phase of the Shambesai gold project.
A Technical and economic evaluation - equivalent to a Western
pre-feasibility study - will be submitted to the Kyrgyz Ministry of
Natural Resources for review and approval to allow work to commence on
the detailed design for the project.
The scoping study reported last November anticipated the
Shambesai gold project to produce its first 100,000 ounces at an average
head grade of 5.7g/t gold in the first three years at a cash cost of
$US180 per ounce, placing Shambesai into the lowest quartile of cash
costs for gold producers worldwide.

BACKGROUND
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Manas Resources is an Australian-based explorer in the Kyrgyz
Republic with substantial resources, high-grade drill targets and a large
highly prospective land holding in the world class Tien Shan gold belt.
It now has a resource base of 1.13 million ounces at its
Shambesai and Obdilla gold projects which will continue to grow through
aggressive and continuous exploration.
A scoping study on the high-grade component of Shambesai has
shown the project will be one of the lowest-cost gold operations in the
world.
After listing on the ASX in 2008, Manas Resources is now one of
the largest and most active gold explorers in the Kyrgyz Republic.
ENDS rx
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