Since initiating mineral exploration activity in September 2009, Heatherdale has completed 35,000 feet of drilling in 23 holes from six underground drill stations. Assay results from the last 14 of these holes, released today, indicate that the precious metals-enriched system located southwest of the known Lookout deposit continues to expand and remains open in several directions.

"The assay results released today confirm the continuity of high-grade VMS mineralization at Niblack, and reflect a consistently strong and improving grade profile and growing resource base," said Heatherdale President & CEO Dave Copeland. "The findings validate our geological team's growing knowledge of the precious metals-enriched system we're seeking to delineate, and enhance our confidence that we will define a polymetallic VMS deposit with the grades, volume and other characteristics necessary to support an economically robust underground mining operation in future."

Important intersections from the 14 drill holes (U039-U052) released today are presented in the 'Niblack Assay Table' at the end of this release. Assay results from the first nine holes drilled by Heatherdale, representing 15,000 feet of drilling, were released previously (see March 19, 2010 news release). A drill hole location section is available at www.heatherdaleresources.com. Two underground drill rigs are currently working to further expand the strike length of the newly discovered gold-copper-silver-zinc system located adjacent to the Lookout zone. The Lookout zone is one of six known VMS deposits within the 10 square mile Niblack property.

The 23 holes drilled at Niblack since fall 2009 were collared at six underground drill stations utilizing a fan pattern designed to cross cut the mineralized target horizon southwest of the Lookout deposit. To date, the true widths of the intersections have not been firmly established. Systematic, step-out drilling will continue for the balance of 2010 to expand the dimensions of the high-grade VMS deposit and demonstrate the strength and continuity of the gold-copper-silver-zinc mineralization.

"Our initial 25,000 foot drill program is complete and we're well launched on the second phase of the program," Copeland confirmed. "We fully intend to continue our investment at Niblack to move the project forward in a timely and efficient way. Over the next several months, two underground drills will complete an additional 50,000 feet of underground drilling for the purpose of further developing the geological model for the project."

Niblack's location at tidewater on Prince of Wales Island in southeast Alaska presents a number of compelling project benefits -- including year-round marine access, a well-trained labour force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 kilometres) from Ketchikan, a community of 8,000 people with important services to support project development, including a deep water port and international airport.

The State of Alaska's burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Department of Natural Resources' 'Large Mine Permitting Team'. For reference, Hecla's Greens Creek, a 2,100-ton per day underground massive sulphide mine, operates 225 miles (370 kilometres) to the northwest of Niblack on Admiralty Island.

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on advancing the high-grade mine development opportunity at the Niblack Project. The Company has the right to retain a 51% interest in the Niblack Project and an option to acquire up to a 70% interest from Niblack Mineral Development Inc. (formerly CBR Gold Corp.) Heatherdale is affiliated with the Hunter Dickinson group, a private company associated with successful mineral exploration and development projects around the world.

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"We are very pleased with the progress and results of the drilling completed over the past eight months," said Heatherdale President & CEO Dave Copeland. "The development and confirmatory work on a geological model for the Lookout Zone is revealing strength, continuity and a spatial extent of mineralization that, when combined with a growing understanding of the overall system, our technical team believes represents a district-scale opportunity. We fully intend to continue necessary project investments in the months ahead to secure our 51% position and move this exciting project forward efficiently and expeditiously."

Currently two underground diamond drill rigs are working to delineate the copper-gold-silver-zinc mineral body at the Lookout Zone, one of six known VMS deposits within the 10 square mile Niblack property. The systematic, step-out drilling program continues to expand the dimensions of the newly discovered precious metals-enhanced deposit and demonstrate the strength and continuity of the mineralization.

Niblack's location at tidewater on Prince of Wales Island in southeast Alaska presents a number of project benefits -- including year-round marine access, a well-trained labour force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 km) from Ketchikan, a community of 8000 people with important services to support project development, including a deep water port and international airport. The State's burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Alaska Department of Natural Resources' 'Large Mine Permitting Team'. For reference, Hecla's Greens Creek mine, a 2,100-ton per day underground massive sulphide operation, operates 225 miles (370 km) to the northwest of Niblack on Admiralty Island.

Heatherdale Resources Ltd. is a Vancouver-based mineral exploration and development company focused on advancing the high-grade opportunity at southeast Alaska's Niblack Project. The Company has the right to retain a 51% interest in the Niblack Project by investing US$15 million over three years, and an option to acquire up to a 70% interest from Niblack Mineral Development Inc. by investing an additional US$10 million and completing a bankable feasibility study. Heatherdale is affiliated with Hunter Dickinson Inc. (HDI), a private company associated with successful mineral exploration and development projects around the world.

For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors

David Copeland, P.Eng.
President and CEO

The two discovery holes (U027 and 28) drilled by joint venture partner CBR Gold Corp. along with the first six delineation holes (U029, 30, 31, 32, 33A and 34) were tabulated and presented in Heatherdale's January 18th news release. New intersections from the next four holes (U035, 36, 37A and 38) are presented in the Niblack Assay Table below. A Plan Map and Cross Sections showing the location of all the drill holes are available at www.heatherdaleresources.com.

Drill Hole Number		From (feet)	To (feet)	Intercept (feet)	Cu %	Au g/t	Zn %	Ag g/t
U035		982.0	986.8	4.8	2.37	3.79	1.54	78
U035		1,010.0	1,061.5	51.5	1.88	2.52	1.56	51
U035	incl.	1,010.0	1,015.2	5.2	2.14	3.45	0.60	59
U035	incl.	1,018.3	1,032.3	14.0	2.49	3.13	1.52	59
U035	incl.	1,050.0	1,061.5	11.5	2.24	3.27	2.78	67
U035		1,089.6	1,095.0	5.4	1.99	3.16	1.52	43
U035		1,189.0	1,225.5	36.5	1.24	3.53	3.18	43
U036		1,174.0	1,178.0	4.0	1.25	1.12	4.21	27
U036		1,363.1	1,372.0	8.9	1.11	1.92	1.02	28
U037A		1,021.5	1,026.5	5.0	1.17	1.98	3.47	41
U037A		1,032.4	1,053.3	20.9	1.19	2.10	2.05	39
U037A	incl.	1,045.8	1,053.3	7.5	2.16	4.00	4.05	69
U037A		1,114.5	1,163.8	49.3	1.23	1.53	1.06	22
U037A	incl.	1,155.0	1,163.8	8.8	2.14	2.43	1.20	32
U038		1,237.4	1,261.0	23.6	0.50	0.90	0.48	12

Holes are being drilled in fan patterns from underground drill stations and are designed to cross-cut the high grade mineralization. To date, the true widths of the intersections have not yet been accurately established.

Heatherdale has now initiated a second and third series of underground fan drill holes at drill stations number two and three located along strike at 100 foot intervals.

"Intersections from fan drilling the first, second and third underground drill stations each located 100 feet apart have certainly demonstrated a continuity of high-grade, precious-metals enriched VMS mineralization southwest of the Lookout Deposit," said David Copeland, President and CEO of Heatherdale. "What is perhaps more exciting is that we haven't yet determined the outer dimensions of this thick high-grade copper-gold-silver-zinc mineralized body. It is still wide open."

Niblack's location at tidewater on Prince of Wales Island in southeast Alaska presents a number of project benefits, including year-round marine access, a well-trained labour force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 kilometres) from Ketchikan, a community of 8,000 people with important services to support project development, including a deep water port and international airport. The State's burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Alaska Department of Natural Resources' 'Large Mine Permitting Team'. For reference, Hecla's Greens Creek, a 2,100-ton per day underground massive sulphide mine, operates 225 miles (370 kilometres) to the northwest of Niblack on Admiralty Island.

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on advancing the high-grade mine development opportunity at the Niblack Project. The Company will earn up to a 70% interest from CBR Gold Corp. by expending US$25 million and completing a Feasibility Study on the Niblack Project. Heatherdale is affiliated with the Hunter Dickinson group, a private company associated with successful mineral exploration and development projects around the world.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Heatherdale and has reviewed the content of this release.

For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors
David Copeland, P.Eng.
President and CEO

Drill Hole Number		From (feet)	To   (feet)	Intercept (feet)	Cu %	Au g/t	Zn %	Ag g/t
U027		629.2	644.0	14.8	3.06	6.57	18.51	101
U028		460.8	488.3	27.5	4.11	20.03	14.03	301
U028	and	590.6	627.6	37.0	3.73	5.47	13.00	114
U028	incl.	618.7	627.6	8.9	5.73	10.60	12.98	177
U028	and	688.8	694.2	5.4	4.77	2.36	11.95	50
U029		763.7	825.1	61.4	1.40	2.40	2.81	48
U029	incl.	790.4	799.4	9.0	2.79	4.81	1.10	85
U029	incl.	815.7	825.1	9.4	2.63	4.92	9.80	108
U030		835.1	867.8	32.7	1.83	3.39	2.56	57
U030	incl.	856.0	867.8	11.8	1.96	4.34	3.38	70
U031		762.0	905.9	143.9	2.25	3.01	5.52	76
U031	incl.	809.4	905.9	96.5	2.65	3.38	7.28	90
U031	incl.	838.0	905.9	67.9	3.21	3.86	8.66	112
U031	incl.	847.0	895.5	48.5	3.51	4.01	10.08	109
U031	incl.	866.8	895.5	28.7	4.19	5.18	13.85	133
U032		848.0	858.7	10.7	1.51	2.16	2.53	52
U032	and	883.0	896.0	13.0	1.92	3.34	1.21	60
U033A		768.5	950.0	181.5	2.52	4.53	4.68	105
U033A	incl.	832.5	935.8	103.3	3.29	5.43	6.76	127
U033A	incl.	881.0	932.5	51.5	3.93	7.11	10.09	159
U033A	incl.	889.6	910.0	20.4	3.96	8.98	14.95	221
U034		754.8	759.4	4.6	1.15	1.99	4.42	32
U034	and	875.5	933.5	58.0	1.09	1.78	1.48	49
U034	incl.	885.0	898.5	13.5	1.83	2.96	3.90	85
U034	incl.	897.5	898.5	1.0	2.00	1.19	26.20	39
U035		982.0	986.8	4.8	2.37	3.79	1.54	78
U035		1,010.0	1,061.5	51.5	1.88	2.52	1.56	51
U035	incl.	1,010.0	1,015.2	5.2	2.14	3.45	0.60	59
U035	incl.	1,018.3	1,032.3	14.0	2.49	3.13	1.52	59
U035	incl.	1,050.0	1,061.5	11.5	2.24	3.27	2.78	67
U035		1,089.6	1,095.0	5.4	1.99	3.16	1.52	43
U035		1,189.0	1,225.5	36.5	1.24	3.53	3.18	43
U036		1,174.0	1,178.0	4.0	1.25	1.12	4.21	27
U036		1,363.1	1,372.0	8.9	1.11	1.92	1.02	28
U037A		1,021.5	1,026.5	5.0	1.17	1.98	3.47	41
U037A		1,032.4	1,053.3	20.9	1.19	2.10	2.05	39
U037A	incl.	1,045.8	1,053.3	7.5	2.16	4.00	4.05	69
U037A		1,114.5	1,163.8	49.3	1.23	1.53	1.06	22
U037A	incl.	1,155.0	1,163.8	8.8	2.14	2.43	1.20	32
U038		1,237.4	1,261.0	23.6	0.50	0.90	0.48	12

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Assays from the first six holes of an ongoing 25,000-foot drill program have been received. Results from the first three holes were highlighted in Heatherdale's December 17, 2009 release. Important intersections from the next three holes are presented in the Niblack Assay Table below. A cross section showing the drill holes is available at www.heatherdaleresources.com.

¹ Copper equivalent (CuEQ) calculations use metal prices of Cu US$1.85/lb, Au US$800/oz, Ag US$12.75/oz and Zn US$0.80/lb.
CuEQ = Cu % + (Au g/t x 25.72/40.79) + (Ag g/t x 0.410/40.79) + (Zn % x 17.637/40.79).

Metallurgical recoveries and net smelter returns are assumed to be 100%.

The initial six holes (U029 -- U034) were drilled in a fan pattern from an underground set-up designed to cross-cut the mineralized target zone southwest of the known Lookout Deposit. To date, the true widths of the intersections have not yet been accurately established. Mineralized intersections in holes U032, U033A and U034 are located on section, up to 130 feet above and 95 feet below the intersections encountered in the previously announced holes. The results from all six holes, as well as those from two holes drilled by joint venture partner CBR Gold Corp. in 2008 (U027 and U028), are included in the Niblack Assay Table attached.

Heatherdale has now initiated a second series of underground drill holes, utilizing a fan drill pattern at stations along the wide open extension of the newly discovered high-grade mineral body. Hole U035, the first hole in the second fan, is nearing completion and has intersected massive sulphide mineralization approximately 100 feet further along strike. Assay results from holes on this second fan will be released when they are received. In order to accelerate the drilling program, a second underground diamond drill rig and crew has been mobilized and is expected to be fully deployed this month.

"The first fan of underground drill holes has certainly demonstrated a continuity of high-grade, precious-metals enriched VMS mineralization southwest of the Lookout Deposit that confirms the geological model that has been constructed based on a reinterpretation of historical drilling and analyses," said David Copeland, President and CEO of Heatherdale. "What's perhaps more exciting is that we haven't yet determined the outer dimensions of this thick high-grade copper-gold-silver-zinc mineralized body. It is still wide open."

Niblack's location at tidewater on Prince of Wales Island in southeast Alaska presents a number of project benefits, including year-round marine access, a well-trained labour force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 kilometres) from Ketchikan, a community of 8000 people with important services to support project development, including a deep water port and international airport. The State's burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Alaska Department of Natural Resources' 'Large Mine Permitting Team'. For reference, Hecla's Greens Creek, a 2,100-ton per day underground massive sulphide mine, operates 225 miles (370 kilometres) to the northwest of Niblack on Admiralty Island.

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on advancing the high-grade mine development opportunity at the Niblack Project. The Company will earn up to a 70% interest from CBR Gold Corp. by expending US$25 million and completing a Feasibility Study on the Niblack Project. Heatherdale is affiliated with the Hunter Dickinson group, a private company associated with successful mineral exploration and development projects around the world.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Heatherdale and has reviewed the content of this release.

For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors

David Copeland, P.Eng. President and CEO

¹ Copper equivalent calculations use metal prices of Cu US$1.85/lb, Au US$800/oz, Ag US$12.75/oz and Zn US$0.80/lb.
CuEQ = Cu % + (Au g/t x 25.72/40.79) + (Ag g/t x 0.410/40.79) + (Zn % x 17.637/40.79).

Metallurgical recoveries and net smelter returns are assumed to be 100%.

click to enlarge

Assay results from the first three holes (U029, 30 & 31) of an ongoing 25,000-foot drill program at Niblack were announced December 17, 2009; thick intersections of high-grade copper-gold-silver-zinc mineralization have been encountered. The 2009/2010 drill program, being led by Heatherdale in collaboration with joint venture partner CBR Gold Corp., is focused on expanding a new, high-grade mineral body discovered southwest of previously known mineral resources in the Lookout Deposit. Lookout is one of six known precious metals-enriched volcanogenic massive sulphide (VMS) deposits within the approximately 10 square mile Niblack property.

"Drilling activity at Niblack resumed January 5 after a short hiatus and will be accelerated before the end of the month with the addition of the second underground drill rig," said Heatherdale President and CEO David Copeland. "Initial assay results from the program confirm the new geological modeling and belief that a major new zone of high-grade gold-copper-silver-zinc mineralization lies to the southwest of the Lookout Deposit. We look forward to announcing results from additional drill holes at Niblack later this month."

Heatherdale completed a $14.4 million financing in November 2009 and expects the drill campaign will be ongoing.

The Niblack VMS property is located 27 miles east of Ketchikan on southeast Alaska's Prince of Wales Island. Given its exceptional geological endowment and proximity to tidewater in a stable jurisdiction with a long tradition of hardrock mining, Heatherdale believes Niblack has the potential to support an important high-grade underground mining operation in the future.

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on advancing the high-grade mine development opportunity at the Niblack Project. The Company has the right to acquire up to a 70% interest from CBR Gold Corp. Heatherdale is affiliated with the Hunter Dickinson group, a private company associated with successful mineral exploration and development projects around the world.

For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors

David Copeland
President and CEO