Overland Resources Limited (ASX:OVR) Extension to Due Diligence Period for Anyox Copper Project

Perth, Jan 3, 2012 AEST (ABN Newswire) - Overland Resources Limited (ASX:OVR) advises that, to allow it sufficient time to satisfactorily complete due diligence on the acquisition of 100% of the Anyox Copper Project in northern British Columbia, Canada, the vendors of the Project have agreed to extend the Company's exclusive option and due diligence period until 18 March 2012. This extension has been granted at nil cost to the Company.

The Project area incorporates 72 Crown Granted Claims that cover in excess of 2,500 hectares, centred on the historical high-grade Hidden Creek Copper Mine. Between 1914 and 1935 21.8 million tonnes of ore were extracted from the Hidden Creek Mine at an average grade of 1.57% Cu, 0.17g/t Au and 9.5 g/t Ag.

In anticipation of the successful completion of due diligence and the execution of the definitive agreement the Company recently applied to Energy and Mines of British Columbia for an exploration permit. This will enable the Company to commence field operations and a drilling program shortly after the definitive agreement is executed.

See Anyox Copper Project map from the following link:
http://media.abnnewswire.net/media/en/docs/ASX-OVR-573096.pdf

Contact

Hugh Bresser Managing Director E-mail: info@overlandresources.com Tel: +61-8-9226-5566 Fax: +61-8-9226-2027 http://www.overlandresources.com