ADU Adamus Res Ltd.

PERTH, Western Australia, Oct. 20 /CNW/ -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ PERTH, Western Australia, Oct. 20 /CNW/ - Adamus Resources Limited (ASX: ADU, "Adamus" or "Company") advises that acceptances under the Company's 1 for 15 renounceable rights issue ("Rights Issue") closed on 14 October 2010 with strong support. Acceptances for 26,702,148 shares were received, representing a take-up of approximately 95.5% of the total shares available under the Rights Issue. The shortfall of 1,254,358 shares will be placed by Adamus in conjunction with the Lead Manager Helmsec Global Capital Limited. In accordance with the previously announced timetable, the Company expects that holding statements, in respect to the Rights Issue shares, will be dispatched on 22 October 2010 following allotment of shares. (signed) Mark Connelly Managing Director/CEO Neither 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. Caution Regarding Forward-Looking Information. Certain statements included in this announcement, including information regarding Adamus' plans with respect to its mineral properties, constitute forward-looking information. Forward-looking information includes, among other things, statements regarding expected operations. Forward-looking information is based upon a number of estimates and assumptions made by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable by the Company, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Investors are cautioned that forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise. Mark Connelly - Managing Director/CEO, +61 8 9322 5943, email: mark.connelly@adamusresources.com.au; For media enquiries contact: Brian Thornton - Farrington National, +61 2 9332 4448, email: bt@farrington.com.au

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