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Teryl Resources Receives 2010 Gil Joint Venture Annual Report From Kinross Gold Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/24/11) - Teryl Resources Corp. (TSX-V:TRC - News)(OTC.BB:TRYLF - News) wishes to announce the receipt of the 2010 Gil Joint Venture Annual Report. The goal of the 2010 Gil program was to further delineate the strike extension of the mineralized zones, and to infill between step-out holes, in order to gain a better understanding of ore-zone continuity. Drilling began April 12 and concluded on August 16. The exploration program consisted of 14,977.5 feet of drilling: 27 reverse-circulation (RVC) drill holes, totaling 9,546 feet, and 11 core holes, totaling 5,431.5 feet.To view Figure 1: Location Map Showing Gil JV Prospects, Claim Boundaries, District Geology, and the True North and Fort Knox Mine Sites accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/trc124.jpgPrevious exploration work has outlined three mineralized areas: The Main Gil Zone, The North Gil Zone, and Sourdough Ridge. Gold mineralization within the Gil JV Claim Block has been traced along the Main Gil Trend for approximately 3,000 feet. In the North Gil Zone, exploration work has outlined mineralization across a 2,000-foot trend. The 509 Trend, located on Sourdough Ridge, has been traced along strike for 2,000 feet. Mineralization along the Northern Calc-silicate unit, located in the northern portion of Sourdough Ridge, has been traced to the east for 600 feet.Kinross Gold Corporation (KGC) contracted Metallogeny, Inc. (MI), a privately owned geological contracting company, to perform the 2010 drilling program. MI also conducted a ground magnetometer survey, trench mapping and sampling, metallurgical sampling, section review, and interpretation for the Gil Project.A report on the heap leach cyanidation testing on the Gil project drill core samples, by McClelland Laboratories, was conducted using three drill core samples. The three Gil samples were amenable to simulated heap leach cyanidation treatment a 80% - 12.5 mm feed size. Details of the report can be accessed on our web site www.terylresources.com.Recommendations for 2011 are to continue stepping out along mineralized trends, and to utilize exploration data to re-focus target areas. A systematic trenching program, followed by drilling, is recommend for: the northeastern extension of the 509 Trend, specifically, the eastern slope of Lohr Ridge; the Northern Calc-silicate Unit, and the calc-silicate unit located between the North Gil and Main Gil areas. Trenches should be oriented perpendicular to the trend of mineralization and spaced at 200-to 400-foot intervals. The trench program will help focus drill targets over the excavated area and allowing for more aggressive step-outs along the specific trends. Trenching will also provide good access to the target areas. All prep work could be accomplished in winter months. Drilling in areas susceptible to muddy conditions could be ready for spring when the ground is still frozen. Trenching, access trails, and pad construction are essential for moving forward as drilling progresses along steep slopes. Completion of extensive surface improvement will be contingent on permit approvals, and approval of the 2011 budget.Qualified PersonMark S. Robinson, P.Geo., State of Alaska Licensed Geologist No. 247 of Wrangell, Alaska, who is independent of the Company as defined in NI 43-101. Mark Robinson is a Certified Professional Geologist (CPG) 6414 with the American Institute of Professional Geologists (AIPG). Other professional societies and certifications include: Society of Economic Geologists (SEG) fellow since 1985; American Geological Institute (AGI); and Alaska Miners Association (AMA). Mark Robinson is a Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission ("SEC"), and has verified the data contained in this news release for accuracy.ABOUT TERYL RESOURCESTeryl Resources Corp. is awaiting the Colorado School of Mines completion of the grade and tonnage model for the Gil J/V property.To date, a total of US$10,700,000 has been expended by the joint venture partners, with Teryl and Kinross accounting for 20% and 80%, respectively, of total expenditures.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 (TSX: K; NYSE: KGC) (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 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.