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Avala Resources Announces 2012 Exploration Program; Focus on the Timok Gold Project With 180,000 Meter Drill Program

Avala Resources Ltd. (AVZ.V) announced today the objectives of the company's 2012 exploration program and budget for its Timok Gold Project, a new gold discovery in an emerging sediment-hosted gold belt.

The Timok Gold Project (formerly referred to by the Company as the sediment hosted gold project or the Potoj Cuka gold project) is comprised of several target areas including Bigar Hill, Korkan and Kraku Pestar. Avala controls 100% of this newly identified sediment-hosted gold belt which totals approximately 250 square kilometres.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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