Adamus Resources Limited - Commercial Production Commenced at Nzema Gold Project

PERTH, Western Australia, May 10 /CNW/ --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

PERTH, Western Australia, May 10 /CNW/ -

                                                   

                            Commissioning                Forecast
                           (Jan - Mar 2011)          (Apr - Jun 2011)

Total Tonnes Mined                               
(t)                             1,694,149         1,660,000 - 1,800,000

Tonnes Ore mined (t)             519,650             595,000 - 625,000

Ore Processed (t)                383,032             475,000 - 525,000

Grade Au (Avg) (g/t)                1.49                 1.60 - 1.70

Recovery (%)                         92                     91 - 92

Gold Production (oz)              13,521              24,000 - 25,000

Cash Costs (US$/oz)(                             
(1))                                  -                 US$500 - 550

Adamus Resources Limited (ASX: ADU) (TSXV: ADU) is pleased to announce
the Nzema Gold Project in Ghana, West Africa has achieved commercial
production effective 1 April 2011. Commercial production marks the
completion of project development, commissioning and operational
ramp-up of the mine and processing plant.

This announcement follows the Company's first gold pour on 17 January
2011 ahead of schedule. Project construction was completed within 11
months.

During the pre-production period from late January 2011 to the end of
March 2011, 13,521 ounces of gold were produced with the processing of
383,032 tonnes of ore, at an average grade of 1.49g/t.

Gold production for the month of April 2011 totalled 8,300 ounces.
Adamus is on plan to produce in its first full 12 months of operation
100,000 ounces of gold.

Forecast gold production for the June 2011 quarter is 24,000 - 25,000
ounces at an average head grade of 1.60 - 1.70g/t. Cash costs are
targeted to range between US$500-$550 per ounce. 

Adamus Managing Director and CEO, Mark Connelly said, 'This is a major achievement for Adamus with the declaration of
Commercial Production at the Nzema Gold Project. Reaching commercial
production is an important milestone for driving value creation and
results from our exploration, development and operating success. Adamus
has met its guidance targets to the market and delivered results'.

About Adamus


Adamus Resources Limited is an explorer and mine developer, listed on
the Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V)
and Frankfurt Stock Exchange Open Market (FSE).

The Company's primary focus is on exploring, realising and expanding the
economic potential of the Southern Ashanti Gold Project in Ghana, West
Africa. The Project encompasses approximately 665km² of tenure in the
Ashanti Gold Belt - host to over 100moz of gold and the Project boasts
excellent access to port and road infrastructure. Ghana is a stable
West African country with a long history and some of the world's
largest gold mining operations. Gold production is vital to the
national economy. Members of the Adamus Board and management team have
proven records in mineral exploration, project development and project
financing.

Kind regards


ADAMUS RESOURCES LIMITED

(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.

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Please see our website:  www.adamusresources.com.au or contact: