Project Update

The Gil project is a joint venture with Kinross Gold Corporation (TSX: K; NYSE: KGC) (80% Kinross/20% Teryl) and located in the Fairbanks Mining District, Alaska. (see Properties Tab on this website)

To date USD$9 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims, with the 2009 USD$1.6 million drill program producing significant gold drill results.

A USD$1.5 million budget has been approved for 2010 commencing early April to further delineate the strike extension of the projects mineralized zones, gather infill data between step-out holes and potentially update the project's 43-101 compliant resource estimate.

To download the NEW GIL J/V Powerpoint Presentation, CLICK HERE . (PDF Format)

QUICK FACTS ABOUT THE GIL J/V with KINROSS GOLD

• Kinross Gold offered to purchase Teryl’s 20% interest in the Gil J/V Gold property end 2009.

• Teryl Resources has hired a certified and qualified consulting geologist to complete a feasibility study and economic analysis on the Gil J/V Gold Property to commence May 2010.

• J/V Partner, Kinross Gold, has approved a 2010 USD $1.5 million exploration budget for on the Gil J/V Gold Property (80% Kinross – 20% Teryl) to commence early April 2010.

• To date, a total of US$9,000,000 has been expended on the Gil J/V (80%Kinross/20% Teryl)

• Teryl Resources recently raised $704, 200 from warrants exercised from an August 2009 private placement financing.

To read the Management Update On the GIL JOINT VENTURE Project, CLICK HERE. (PDF Format)