BRS BRS Resources Ltd

BRS Resources Provides Operational Update

DALLAS, TX--(Marketwired - Jun 17, 2014) -  BRS Resources Ltd. ("BRS") (TSX-VENTURE: BRS) is pleased to offer this corporate update describing its upcoming operational plans and activities. BRS Resources is an upstream oil and gas exploration and production company focused on the Mediterranean region, primarily onshore Italy. Currently, BRS owns a 25% after-payout interest in AleAnna Resources, LLC, an active exploration and production company in Italy, and acts as AleAnna's operational partner, providing AleAnna with technical and managerial manpower and resources.

AleAnna holds interest in nine exploration permits and four permit applications in Italy's Po Valley and Bradano basins, encompassing more than 800,000 acres (3,250 km2). To date AleAnna has acquired 86,000 acres (350 km2) of 3D geophysical data, making it the largest owner of onshore 3D geophysical data in Italy. Part of AleAnna's operating strategy is use of high-resolution 3D seismic technologies to image subsurface hydrocarbons to more efficiently identify drillable prospects while reducing environmental impact and risk.

Upcoming operational activities include:

• Drill three exploration wells in the Po Valley. AleAnna has applied for drilling permits for the Trava-2 prospect on the Corte dei Signori permit area and Tombellina prospect on the Ponte del Diavolo permit area. AleAnna has contracted for the environmental impact study and is preparing to submit the Armonia drilling permit application in the Ponte dei Grilli permit area. These three prospects were identified from newly acquired high-resolution 3D seismic data and are among at least 12 drillable prospects currently identified by AleAnna's technical team. Each of these prospects are in close proximity to and on trend with several nearby producing natural gas fields, including the Sabbioncello, Tresigallo, and Cotignola fields, which have produced more than 90 billion cubic feet (Bcf), 68 Bcf, and 52 Bcf of natural gas, respectively.
• Commission four new high-resolution 3D geophysical surveys. AleAnna has submitted an application for a 3D geophysical survey on its Fantozza permit and is preparing applications for Bugia and the eastern portion of the Ponte dei Grilli permit areas. AleAnna will acquire additional data on the Ponte dei Grilli permit where analysis the first 18,780 acres (76 km2) of data generated at least five drillable prospects. AleAnna has already received approval from the Italian government for the Belgioioso survey.
• Establish AleAnna's first gas production in Italy. AleAnna holds a 10% interest in Po Valley Energy's (PVE) Gradizza-1 exploration well, which was drilled, tested and completed in late 2013. PVE has filed for a production permit for the well and is working on surface facilities and pipeline hookup while awaiting government approval.

"The newly elected Italian government, which won a sweeping mandate in last month's elections, is committed to pro-business reforms, including changes in its energy policies that will expedite oil and natural gas exploration and production activities," commented Steve Moore, president and CEO of BRS. "We are prepared to move as quickly as the Italian government will allow to explore and exploit the attractive prospects imaged with our geophysical programs."

For more details on these and other AleAnna projects and activities, please visit web site www.brsresources.com.

ABOUT BRS RESOURCES

BRS Resources Ltd. is listed on the TSX Venture Exchange under the symbol BRS. BRS is an upstream oil and gas exploration company focused on the Mediterranean region and, particularly onshore Italy. Currently, BRS owns a 25% after-payout interest in AleAnna. For further information, visit www.brsresources.com or follow BRS on Twitter @BRSresources and Facebook facebook.com/brsresources.

ABOUT ALEANNA RESOURCES, LLC

AleAnna is a Delaware (U.S.) limited liability company. AleAnna's interests are in Italy, where it is building a presence with nine exploration permits and three permit applications in the Po Valley and Bradano basins, encompassing more than 800,000 acres (3,250 sq km). AleAnna is owned by three experienced oil and gas exploration and production companies, including BRS. AleAnna's web site is www.aleannaresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve Moore  President/CEO  Phone: 214 276-0373

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.

Disclaimer for Forward-Looking Statements

This press release includes certain "forward-looking statements." Forward-looking statements are statements or projections that involve various risks and uncertainties regarding future events related to BRS's, PVE's and/or AleAnna's plans, including the anticipated filing of the Production Concession Application in early February 2014. Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of BRS, AleAnna, and PVE including any negative change in the law, regulatory or political environment which would negatively affect BRS's or PVE's ability to obtain permits necessary for drilling; BRS/AleAnna's lack of sufficient financing to proceed with proposed drilling; the continued price and demand for natural gas; BRS's ability to hire and retain personnel necessary to successfully operate its business; the speculative nature of natural resource exploration activities; changes in operating costs; changes in economic conditions and conditions in the resource, foreign exchange and other financial markets; changes in investments and exploration expenditure levels; litigation, legislation, environmental, judicial, regulatory, political and competitive developments in areas in which BRS operates; technological, mechanical and operational difficulties encountered in connection with the BRS' activities; and other risk factors detailed in BRS' various filings filed on SEDAR at www.sedar.com. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and BRS disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, unless required by applicable law.

For further information, please contact Steven Moore 214 276-0373 Email Contact