ETN Etna Resources Com Npv

Etna Resources Inc. ("Etna") (TSX VENTURE:ETN) is pleased to announce a
non-brokered private placement financing ("the Offering") of a minimum of
$3,000,000 at a price of $0.30 per unit. Each unit will be comprised of one
common share and one half of one common share purchase warrant. Each whole
warrant will entitle the holder to purchase one additional common share at a
price of $0.50 for a period of 18 months from the date of closing. The
securities issued in connection with the Offering will be subject to a hold
period as required by applicable securities laws. The Offering is scheduled to
close on or about October 30th, 2009 and is subject to the receipt of all
necessary corporate and regulatory approvals. Proceeds from the Offering will be
held in escrow pending the closing of the Securities Exchange Agreement (as
discussed below). Following closing of the Securities Exchange Agreement the
Company intends to use the funds for exploration and development of nine Lithium
salar projects in Chile and for general working capital purposes. A finder's fee
may be payable in cash and/or finder's units in connection with the Offering.


Etna has recently entered into a Securities Exchange Agreement with Sociedad
Gareste Limitada ("Gareste") whereby, upon closing of the transaction, Etna will
obtain interests in a total of nine lithium salars in Chile. Gareste is a
private Chilean company established in the 1990s and engaged in the business of
mineral exploration in Chile. The existing portfolio of rights in the nine
salars to be transferred includes surface brine lakes or surface flow at Lagunas
Verde, Lagunas Bravas and Rio Salado/Pedernales, and six additional lithium
brine projects, all located in the mineral-rich Atacama Region III. The rights
in these nine lithium salars cover a cumulative area in excess of 11,500
hectares, all accessible via serviceable roads. It is believed that the salars
collectively carry the potential to host lithium in three distinct brine types:
surface water, shallow and deep brines.


On Behalf of the Board,

ETNA RESOURCES INC. 

Jerry A. Minni, Director & Chief Financial Officer

This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based on
current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Company such as the statement that (i)
the closing of the financing may occur and that closing may occur on or prior to
October 31, 2010; (ii) proceeds from the Offering are intended to be used by the
Company to fund exploration and development of nine Lithium salar projects in
Chile; and (iii) the belief that the Properties may carry the potential to host
lithium in three distinct brines types; There are numerous risks and
uncertainties that could cause actual results and the Company's plans and
objectives to differ materially from those expressed in the forward-looking
information, including the (i) inability to obtain Exchange approval and close
the acquisition and financing for any reason; (ii) adverse market conditions;
(iii) a decrease in demand for and price of lithium; and (iv) general
uncertainties with respect to mineral exploration in general. Actual results and
future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they
are made and are expressly qualified in their entirety by this notice.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to "U.S. Persons", as such term
is defined in regulation s under the U.S. Securities Act, unless an exemption
from such registration requirements is available.

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