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Teryl Resources Announces Completion of Silverknife 43-101 Technical Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/14/11) - Teryl Resources Corp. (TSX-V:TRC - News)(OTC.BB:TRYLF - News) is pleased to announce the 43-101 technical report for the Silverknife property is complete.The Silverknife Property (the "Property", "Silverknife Property" or the "Silverknife Project", or "Project") is located in North central British Columbia, Canada in the Liard Mining Division Tootsee River area, approximately 100 km west of the town of Watson Lake, Yukon at roughly (59 degrees 56' 13" N. Latitude; 130 degrees 21' 09" W. Longitude). Direct Property access is possible utilizing a network of well-maintained to variably deactivated forest service and mining service roads. The eastern Property boundary lies approximately 1 kilometre from Silvercorp Metals Inc. Silvertip Silver-Zinc-Lead mineral deposit.Through a series of agreements, the Property is owned as follows:


-- Teryl owns 30% working interest and has a 10% Net Profit Interest
-- Minewest owns 70% subject to the 10% NPI held by Teryl;
-- Reg holds a 5% net profits interest against the whole of the Property;
-- a 1% NSR is held against the Property by SMR Investments Ltd.

The Silverknife Property consists two (2) contiguous British Columbia "legacy" (4-post style) mineral claims covering approximately 645 hectares (1,594 acres) and is in good standing with respect to British Columbia Minerals Title Act through January 12, 2012.The purpose of the report is to present an independent Property review technical report summarizing previous work, reviewing the exploration potential of the Property and making recommendations towards future work on the Property.In 1983, the Silverknife Property was staked and from 1984-1988 Reg Resources Corp. and Chevron Minerals Inc. a staged series of mineral exploration programs were conducted. Geochemistry and geophysics were the primary initial (1983-1985) exploration tools applied to Property, and following on a number of anomalies discovered in 1985 a 30 hole diamond drill program was completed. Based on this first phase drilling, a "Discovery Zone" of silver-zinc-lead mineralization was uncovered, including the following intersections:


-- Hole 85-4: 7.25 m of 5.04oz/t Ag, 2.65% Pb and 3.09% Zn
-- Hole 85-6: 0.2 m of 4.43oz/t Ag, 1.9% Pb and 3.42% Zn
-- Hole 85-21: 4.3 m of 29.02oz/t Ag, 10.14% Pb and 7.02% Zn

20 additional holes were collared from 1986-1987, the bulk of which were focused on defining and expanding the "Discovery Zone" mineralization on the Property. The 1987 drilling included the following mineralized intersections:


-- Hole 87-35: 18.02 m of 4.17 oz/t Ag, 1.67% Pb and 3.02% Zn
-- Hole 87-38: 9.99 m of 5.36 oz/t Ag, 1.73% Pb and 3.15% Zn
-- Hole 87-39: 4.63 m of 3.18 oz/t Ag, 4.60% Pb and 3.97% Zn
-- Hole 87-40: 5.94 m of 6.20 oz/t Ag, 3.47% Pb and 3.65% Zn
-- Hole 87-43: 8.00 m of 2.05 oz/t Ag, 1.59% Pb and 4.85% Zn
-- Hole 87-44: 3.66 m of 7.52 oz/t Ag, 6.21% Pb and 4.78% Zn

In 1988, Cordilleran Engineering Ltd. conducted a line cutting, soil sampling, geological mapping and IP survey on the Silverknife Property on behalf of Chevron Minerals Ltd. The objective of the 1988 program was to confirm the geochemical and geophysical anomalies identified by Reg Resources Corp. in the 1984-1987 programs, map the surface geology and re-examine all drill core from the 1985 - 1987 drilling programs. Since this 1988 program no exploration programs have been conducted on the Property.In August of 2010, Paul D. Gray Geological Consultants ("PDGGC") were commissioned to author a technical compilation and review report ("the Report") on the Silverknife Property. On September 25 - 26, 2010 Paul D. Gray, P.Geo., conducted a site visit of the Silverknife Property, when the Property was accessed, the Discovery Zone drillout located and GPS surveyed and the historic core storage area visited and assessed. The research, site visit, and data compilation programs conducted with respect to this Report, have lead the author to the conclusion that the Silverknife Property represents a solid base metals exploration target which warrants a systematic and phased series of mineral exploration programs to adequately appraise the Project's economic potential.The Silvertip Pb-Zn deposit of Silvercorp Metals Inc. is an advanced exploration/development project currently undergoing extensive mineral exploration (via diamond drilling) and concurrently permitting dewatering of the existing underground workings in support of renewed mine development and mineral processing activities (permitting under small mines permit to allow for shipment 75,000 tonnes per year of product). This project lies approximately one (1) kilometre from the north-eastern boundary of the Property and the mineralization identified to date on the Silverknife Property has been interpreted to be genetically related to the Silvertip mineralization. With this renewed development in the district the Silverknife Property mineralization represents an attractive target to test by a systematic diamond drilling exploration program designed to expand and define additional mineralization on the Property.A proposed Phase I exploration program consisting of a desk study followed by a series of on-the-ground Property boundary and drill collar location surveys, followed by geophysics and diamond drilling with a recommended budget of $358,700 is recommended for the Silverknife Property. The exploration programs (and budgets), presented herein, are designed to identify the accurate location of the mineral titles boundary with respect to historic drill collars and test the Silverknife Property's precious and base metal mineral potential and will yield enough information to guide Minewest and Teryl subsequent mineral exploration programs on the Property.ABOUT TERYL RESOURCES:Teryl Resources Corp. is awaiting the Colorado School of Mines completion of the grade and tonnage model for the Gil J/V property.With interests in four gold properties, Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska. The Gil project is a joint venture with Kinross Gold Corporation (80% Kinross/20% Teryl). To date USD $10.7 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims. The Company's other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC.BB:LNXGF - News); the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property. Teryl Resources Corp. also has a 30% interest and a 10% NPI in the Silverknife 1 & 2 property in Northern B.C. The Silverknife property is contiguous to Silvercorp's Silvertip silver-lead-zinc deposit which lies less than one km from the property boundary. For further information visit the Company's website at http://www.terylresources.com.ON BEHALF OF THE BOARD OF DIRECTORSJohn Robertson, PresidentREADER ADVISORYThis news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Teryl, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.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 of the Company have not been 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.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.