MKU

Mukuba Resources Limited (TSX VENTURE:MKU) ("Mukuba" or the "Company") is
pleased to announce that it has entered into an agreement (the "Option
Agreement"), whereby it obtained the exclusive option to acquire an 85% interest
in the exploration license rights to a property (the "Nyimba Project") near the
town of Nyimba, approximately 300 km east of Lusaka, in Zambia.


Trevor Richardson, President and CEO of Mukuba Resources commented, "The
addition of the Nyimba Project is an exciting opportunity for Mukuba and fits
well into our African exploration strategy. We remain committed to the
exploration and development of the Northcore Copper Project, which is our
primary focus. The Company's current cash position will allow us the flexibility
to explore and develop both properties and to increase shareholder value. The
Nyimba Project is well advanced and substantial exploration work has been
completed to date."


These polymetallic deposits host zinc, with copper, lead, molybdenum, silver,
and gold, and were systematically explored and partially drilled by Minex
(Mindeco), a Zambian government department, in the late 1970s and early 1980s.
The Nyimba Project rights were acquired by Rio Tinto-Zinc Corporation (RTZ - now
Rio Tinto) in 1994, which carried out EM, magnetic, and radiometric surveys, as
well as initial RC drilling. Exploration work on the property ceased in 1997
when Rio Tinto, together with other mining companies, withdrew from Zambia. 


In January 2007, Lukusashi Mining Limited ("Lukusashi"), a privately owned
Zambian company, was granted the large scale prospecting license for the Nyimba
Project area, which has now been updated to comply with the new Zambian Mines
and Minerals Development Act, 2008. Mukuba continues to assess historic
exploration records which indicate there are five defined areas of
mineralization within the 500 square kilometre license area. The most
prospective area appears to be Chipirinyuma, where soil sampling by Minex and
Rio Tinto defined a surface anomaly measuring 3.5 km by 1.2 km.


Lukusashi completed two diamond drill holes, spaced 50 m apart, on the
Chipirinyuma deposit in March 2009. Mukuba independently sampled and assayed the
core from each of these holes. Analysis of the samples using a mixed, four acid
digest with an AAS finish on the bulked solution was carried out by SGS Mineral
Services (Zambia) in Kalulushi, which is currently awaiting final accreditation
following a further inspection in November 2010. The results are as follows:




----------------------------------------------------------------------------
                      Core Depth  Core Depth (i)Interval                    
Drill Hole Reference    from (m)      to (m)         (m)    Zn (%)    Cu (%)
----------------------------------------------------------------------------
CHDD001                    23.00       24.00        1.00     1.88%     0.13%
                    --------------------------------------------------------
                           28.00       29.00        1.00     2.37%     0.02%
                    --------------------------------------------------------
                           30.00       35.40        5.40     4.77%     0.15%
----------------------------------------------------------------------------
CHDD002                    21.00       32.00       11.00     3.13%     0.11%
----------------------------------------------------------------------------
 (i)intervals are not necessarily representative of true width              



More widely spaced diamond drilling on the Chipirinyuma deposit was also
reported by Minex in 1976 and 1977, which are set out in the table below. Mukuba
has not independently verified these results.




----------------------------------------------------------------------------
Drill Hole    Core Depth  Core Depth  (i)Interval                           
 Reference      from (m)      to (m)          (m)   Zn (%)   Cu (%) Au (g/t)
----------------------------------------------------------------------------
DDH 1              22.10       25.60         3.50    5.33%    0.13%     0.46
----------------------------------------------------------------------------
DDH 2              42.65       43.60         0.95    1.72%    0.88%      n/s
----------------------------------------------------------------------------
DDH 3              22.95       26.00         3.05    3.15%    0.18%     0.34
----------------------------------------------------------------------------
DDH 4        not sampled                                                    
----------------------------------------------------------------------------
DDH 5        not sampled                                                    
----------------------------------------------------------------------------
DDH 6              21.45       22.70         1.25    4.60%    0.13%     0.10
             ---------------------------------------------------------------
                   26.15       30.15         4.00    3.79%    0.19%     0.12
----------------------------------------------------------------------------
(i) intervals are not necessarily representative of true width              



Mukuba is continuing to collate and review the historic exploration records, but
initial indications suggest that further drilling on the Chipirinyuma deposit is
warranted and the Company expects to mobilize a diamond drilling rig in October
of this year.


The Option Agreement was entered into between Lukusashi and Lunga Resources
Limited ("Lunga"), a wholly owned subsidiary of Mukuba Resources Limited. Under
the Option Agreement, Lunga has the exclusive option to purchase an 85% interest
in the Nyimba Project license rights, which must be exercised by Lunga before
July 29, 2012. Lunga may exercise its option at any time before this date by
making a onetime payment to Lukusashi of US$1,000,000. In addition, Lunga will
pay Lukusashi a monthly retainer of US$10,000 for each month that the option
remains in force.


Qualified Person

Mr. Chris Meyer (Pr.Sci.Nat.) is a "Qualified Person" as defined by National
Instrument 43-101 and oversees Mukuba's exploration programs. Mr. Meyer has
supervised and approves the preparation of the technical information contained
in this press release. 


About the Company

Mukuba is a Canadian mining company focused on the exploration and development
of the Northcore Project, which is located in the highly prospective Central
African Copperbelt region of Central Zambia. The Northcore Project encompasses
approximately 2,274 square km of geologically prospective ground in the Domes
Region of the Zambian Copperbelt. The Northcore Project holds an exploration
license for both copper and cobalt. Geological mapping, soil sampling and
investigation of the historical showings as well as ground-truthing of the
geological surveying results have confirmed existing historical geological
anomalies, and identified new anomalies. The Company's 2009 exploration program
included drilling several of these anomalies and confirmed the presence of
copper mineralization. 


Forward-looking Information

Securities regulators encourage companies to disclose forward-looking
information to help investors understand a company's future prospects. This
press release contains statements about our results, planned drilling and future
business and planned activities. These are "forward-looking" because we have
used what we know and expect today to make a statement about the future.
Forward-looking statements usually include words such as may, intend, plan,
expect, anticipate, believe or other similar words. We believe the expectations
reflected in these forward-looking statements are reasonable. However, actual
events and results could be substantially different because of the risks and
uncertainties associated with our business or events that happen after the date
of this press release. You should not place undue reliance on forward-looking
statements. As a general policy, we do not update forward-looking statements
except as required by securities laws and regulations.

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