Teryl Resources Announces a 43-101 Report Is Being Completed on Its 30% Interest Silverknife 1 & 2 Property in Northern BC

VANCOUVER, BRITISH COLUMBIA, Dec 09, 2010 (MARKETWIRE via COMTEX News Network) --

Teryl Resources Corp. (TSX VENTURE: TRC)(OTCBB: TRYLF) is pleased to announce that a 43-101 report is being completed on the Silverknife 1 & 2 property in Northern BC. The Silverknife Property consists of the Silverknife 1 and 2 mineral claims (totaling 900 ha.) located in the Liard Mining Division, in Northern BC, approximately 20 km south of the Alaska Highway. Watson Lake, Yukon, is the closet full service town and lies approximately 100 km east of the property. Access to the Property is possible from the all weather paved Alaska Highway and via a network of well maintained logging and mining access roads.

The property lies on the northeastern flank of the Cassiar Mountains. The terrain of the area is moderately mountainous, with rounded peaks and ridges separated by broad U-shaped valleys. Property elevations range from 1,050 m ASL to 1,660 ASL. Roughly 20% of the property is above tree line, which is at approximately 1,450 m ASL.

The Silverknife Property is contiguous to Silvercorp's Silvertip silver-lead-zinc deposit which lies less than one (1) km from the Property boundary. Silvercorp has been active in the past two (2) years exploring and re-evaluating the Silvertip Property towards the initiation of mining operations. Recently, Silvercorp opened up a 50 man camp on the Silvertip Property and has announced plans to apply for a Provincial Small Mine Permit for an underground mining operation with a capacity of under 75,000 tonnes per year and all ancillary dewatering and related permits. Exploration diamond drilling from 10,000-20,000 meters is currently underway on the Silvertip Property.

The Silverknife mineral claims have been held continuously since they were staked in 1983 and are held in trust by Reg Technologies Inc. Through a series of Property agreements, Minewest holds a 45% working interest in the Property and Teryl Resources Corp. holds 30%. Rapitan Resources holds a 25% interest and a 10% NPI, a 1% NSR is payable to SMR in relation to the Silverknife Property.

The Silverknife property was worked extensively from 1984 through 1988 including geochemical soil sampling, VLF-EM surveys, Induced Polarization surveys and diamond drilling (totaling over 4,400 meters). These projects located geochemical and geophysical anomalies considered high priority exploration targets as well as generated drill assay results from trace up to 4.2 meters of 29.3 oz/ton silver, 16.5 percent lead and 7.1 percent zinc (Hole 85-21). Sphalerite, galena and pyrite within these mineralized sections are associated with tan coloured siderite which has been interpreted as associated with the higher grade intersections.

Qualified Person

Paul Gray, P. Geo., Province of British Columbia Licensed Geologist No. 29833 of Vancouver, BC, who is independent of the Company as defined in NI43-101. Paul Gray 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 RESOURCES

To date, a total of US$9,000,000 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 $9 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims. A USD$1.5 million budget has been approved for 2010. The Company's other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC BB: LNXGF); the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property. For further information visit the Company's website at www.terylresources.com.