January 26, 2011
Appointment of Director

 Rhyolite Resources Ltd. ("Rhyolite" or the "Company") (TSXV:RYE) is pleased to announce the appointment of Mr. Michael Basha, P.Eng, P.Geo. to the board of directors of the Company. In connection with this appointment, the Company has also granted 50,000 stock options pursuant to its Stock Option Plan at the exercise price of $0.50 each for a term of five years.

Mr. Basha is a seasoned exploration professional, with more than 22 years of domestic and international experience including research, fieldwork, and senior management experience in gold, base-metal and magmatic nickel-copper-platinum group elements. Mr. Basha is also currently the President and Chief Executive Officer of Aurion Resources Ltd. and was formerly Vice-President of exploration of Cornerstone Capital Resources Corp.

Ms. Melinda Park has resigned as a director and the Board would like to thank Ms. Park for her contributions to the Company since its inception.

ON BEHALF OF THE BOARD OF DIRECTORS OF
RHYOLITE RESOURCES LTD.


"Richard Graham"

Director, President and CEO

For further information please contact:
Richard Graham, P.Geol.
Telephone: 604-689-1428

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.
 
 

You can view the Next News Releases item: Wed Mar 2, 2011, Rhyolite Resources LTD. Annual and Special Meeting of Shareholders

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