Overland makes new high grade discovery at the Yukon Base Metal Project October 10, 2008

Overland Resources Limited (ASX: OVR) has received exceptional analytical results from holes drilled to evaluate the Darcy Zone target within the Company’s Yukon Base Metal Project in Canada.

Highlights:

* Exceptional intersections returned from diamond drilling at the Darcy Zone within the Yukon Base Metal Project
* Results include:
- 43.9m at 11.9% zinc from 139.3m
- 28.3m at 13.6% zinc from 85.7m
- 14.6m at 2.8% zinc from 24.8m
- 6.0m at 6.3% zinc from 44.5m
* Considerable potential for the Darcy Zone to provide satellite feed for the planned mining operation at the Andrew Zinc Deposit

The Darcy Zone is located approximately 600 metres southeast of the Andrew Zinc Deposit. Only one hole had been drilled to evaluate the Darcy Zone previously, AN02-021, which intersected 5.5 metres at 7.5% zinc.

The high grade, thick and shallow nature of the mineralisation at the Darcy Zone provides the Company considerable confidence that potential exists to establish a satellite mine to provide additional feed to any processing facilities to be developed at the Andrew Zinc Deposit.

Significant mineralisation was also intersected at the Adrian and Darin prospects, both of which are located within the same 2,500 metre long zinc in soil geochemistry anomaly as the Darcy Zone.

The Company’s second phase diamond drilling programme at the Yukon Base Metal Project has now been completed. A total of 134 holes were drilled for 23,425m. Results have now been reported for 92 holes, and analytical results are pending for a further 42 drill holes. The Company will announce results from these drill holes as they come to hand.

Click here to read the full announcement.

For further information, please contact:

Hugh Bresser
Managing Director
Phone: +61 8 9226 5566
Email: info@overlandresources.com

or

Bill Kemmery
Fortbridge
Mobile: +61 400 122 449
Email: bill.kemmery@fortbridge.com