Steele Resources Corp. Enters Agreement with Barrick’s Golden Sunlight Mine for Processing of Ore from Mineral Hill Gold Project

CAMERON PARK, CA – 9/22/11 -- Steele Resources Corporation (the "Company") (OTCBB: SELR) announced today that it has executed a definitive agreement (the “Agreement”) with Golden Sunlight Mines, Inc. ("GSM") for the delivery of a maximum of 10,000 tons of ore from its Mineral Hill Gold Project, beginning today.  The stockpiled ore being delivered to GSM is from previous mining activity by a third party which the Company is removing under Montana Department of Environment Quality ("DEQ") approval.  Due to the nature of the ore, there is a large amount of variance in the grade.  Independent fire assays have indicated a grade of approximately .10 ounces per ton of gold yielding a gross potential value of up to $1,650,000.  The ore is being removed from the historic mine site to a DEQ approved transfer site to be consolidated and crushed then will be delivered at a rate of approximately 200 tons per day for processing. Under the terms of the processing Agreement, GSM will purchase the ore from the Company based upon the assayed grade per delivered ton.

This is the first phase of development at the Mineral Hill Gold Project, third party historical reports have estimated that the region could contain roughly 860,000 ounces of gold.  The Company plans to continue to develop the asset and hopes to begin active mining on the project by the second quarter of 2012.  Preliminary mine engineering has been completed by a third party mining contractor and Steele Resources Corporation is actively engaging Federal, State, and local government agencies in order to complete the necessary permitting to operate at this site.

About Steele Resources Corporation:

Steele Resources Corporation is a precious metals exploration and development company operated by professionals with extensive exploration, mining, and public market experience. The Company is working to become an active gold producer through exploration, acquisitions, mergers, and by developing its existing portfolio of properties. Its current ensemble of exploration properties, held by its subsidiary, Steele Resources, Inc., includes the 1800 acre Mineral Hill Gold Exploration Project.
More information about Steele Resources Corporation can be found at www.steeleresources.com.  

Safe Harbor Statement

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Resources Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Resources Corp. cautions investors that any forward-looking statements made by Steele Resources Corp. are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Resources Corp.'s mining properties, the unproven nature of and potential changes to Steele Resources Corp.'s business model, the risk that the capital and other resources that Steele Resources Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Resources Corp.'s filings with the Securities and Exchange Commission.

Contact:
Newsletter signup and website: www.steeleresources.com
Email: info@steeleresources.com
Scott Dockter Phone: 530.672.6225