Sarissa Resources Inc. announced that it has completed the initial drilling phase of its onsite geology work previously announced as part of its development plan for the Company's Nemegosenda niobium project in Ontario, which is 100% owned by the company's wholly owned subsidiary, Nio-Star Corp. The company has completed the initial drilling portion of the verification program announced on September 11, 2014 designed to twin certain of the diamond drill holes that Dominion Gulf Company had completed in 1956. Four holes have been completed in this twinning program (one earlier this year and three completed in the past month) and assay results from the recently drilled holes are expected shortly.

The company has retained a technical specialist to complete down hole gyroscopic surveys on the Company's existing drill holes. This work is expected to be completed within the next two weeks. Evaluation of the original Dominion Gulf drill cores that were obtained through the Ministry of Northern Development and Mines, identified several unexpected intervals of incomplete core.

In light of the missing intervals within the original Dominion gulf cores and to supplement that incomplete data the company elected to also drill a fourth twinned verification hole. This work is expected to provide higher confidence levels for updated niobium resource classifications. An industry standard QA/QC program has been implemented for this phase of verification drilling which involved inserting external quality control samples (certified standards, blanks and duplicates) into the drill core samples stream.

The company will be reviewing this QA/QC for consistency. As a further QA/QC measure, an outside laboratory will be retained to conduct further verification analyses on approximately 100-150 pulps from the 2009-2010 drilling program for comparison purposes. RPA Associates has begun work toward the completion of a mineral resource estimate, Preliminary Economic Assessment, and an updated NI 43-101 Technical Report.

The company expects to have the first of these reports in the near future.