Freyja Resources Inc. ("Freyja" or the "Company") (TSX VENTURE:FRA) announced
today that it has retained the services of Swiss Resource Capital AG ("SRC") to
handle its investor relations activities in Europe. SRC will focus on developing
the Company's communications plan with the financial community and with its
investor. 


Jochen Staiger, CEO of Swiss Resource Capital AG commented, "We are very
delighted to work with and for Freyja Resources on a successful communication
program with investors in Europe and help build the company's profile." 


The agreement covers a twelve month period at an aggregate annual cost of
$67,000. SRC will also receive 200,000 stock options to purchase the same number
of common shares of the Company at a price of $0.20 per share. These options
will be vested over a twelve month period at a rate of 25% per quarter. The
options are granted in accordance with Policies 3.4 and 4.4 of the TSX Venture
Exchange and the terms and conditions of the Company's Stock Option Plan. 


The above-mentioned agreement is subject to the approval of the TSX Venture
Exchange. 


About SRC AG 

Swiss Resource Capital AG is a Switzerland based communication firm to the
mining industry which works closely with European investment funds and asset
managers. SRC AG delivers clear and concise information pertaining to the
precious metals and the resource sector as well as selected mining companies.
Through its new developed multimedia channels like the exclusive Commodity-TV
and its German pendant Rohstoff-TV, the investor communities in Europe have
access anytime and anywhere in the world to comprehensive data and information.
SRC provides ongoing analysis, monitoring and contact with management and
organizes site visits of selected projects. SRC's news distribution system keeps
the investor communities informed and up to date about the latest developments
of its customers. 


About Freyja Resources Inc. 

Freyja Resources Inc. is a mining exploration company listed on the TSX Venture
Exchange under the symbol "FRA". Freyja Resources' main operations are conducted
in Mexico through its wholly-owned subsidiary Cypriummining de Mexico SA de CV
("Cyprium"). Cyprium is a mineral exploration company which targets the
acquisition and generation of mining projects located solely in Northern Mexico
that have a potential for profitable precious and base metal open pit
production. Cyprium is committed to maximizing shareholder value by
strategically ensuring efficient and profitable production and focusing on a
hybrid exploration/production business model. Cyprium prioritizes projects
accessible by well-maintained roads and/or railroad systems. Upon completion of
a conclusive exploration campaign, Cyprium's focus is to rapidly establish an
economical production and maximize the project potential by funding further
exploration through cash generated by production, thus limiting shareholder
dilution. 


The Company's main project is the Las Cristinas copper/silver project located in
Chihuahua State, Mexico. Cyprium owns 51% of Coyame Copper SA de CV ("Coyame
Copper"), a Chihuahua, Mexico based mining exploration company and has an option
to increase its stake in Coyame Copper to 70% for a consideration of US $1.2
million payable over a period of eighteen months following the exercise of the
option. Coyame Copper's Las Cristinas Project consist of four adjacent
exploration concessions (Las Cristinas, La Parita, La Verde and La Lagrimosa)
covering 684 hectares. Coyame Copper also owns production assets located outside
the town of Coyame, Mexico. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. 


This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward -looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning the Company's anticipated plans for developments of the Company and
its mining projects". 


Such forward-looking information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to
be incorrect. Assumptions have been made regarding, among other things,
management's expectations regarding future growth, plans for and completion of
projects by Company's third party relationships, availability of capital, and
the necessity to incur capital and other expenditures. Actual results could
differ materially due to a number of factors, including, without limitation,
operational risks in the completion of Company's anticipated projects, delays or
changes in plans with respect to the development of Company's anticipated
projects by Company's third party relationships, risks affecting the ability to
develop projects, risks inherent in operating in foreign jurisdictions, the
ability to attract key personnel, and the inability to raise additional capital.
No assurances can be given that the efforts by Company will be successful.
Additional assumptions and risks are set out in detail in the Company's MD&A,
available on SEDAR at www.sedar.com. 


Although the Company believes that the expectations reflected in the
forward-looking information or statements are reasonable, prospective investors
in the Company's securities should not place undue reliance on forward-looking
statements because the Company can provide no assurance that such expectations
will prove to be correct. Forward-looking information and statements contained
in this news release are as of the date of this news release and the Company
assumes no obligation to update or revise this forward-looking information and
statements except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Freyja Resources Inc.
Alain Lambert
Chairman
(514) 219-7988
alambert@cypriummining.com
www.cypriummining.com
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