HRM

Hudson River Minerals Ltd. ("Hudson River" or the "Company") (TSX VENTURE:HRM)
announces that it has entered into a non-binding letter of intent (the "LOI")
for the sale of its Forge Lake gold project (the "Property") to Zara Resources
Inc. ("Zara") (CNSX:ZRI) in exchange for 5,715,780 common shares of Zara (the
"Consideration Shares") at a deemed issue price of $0.10 per common share of
Zara. In accordance with the terms of the LOI, Hudson River will be required to
distribute the Consideration Shares to its shareholders on a pro rata basis (the
"Distribution") within 18 months of closing or the Consideration Shares will be
cancelled. However, if the Distribution is not effected within 18 months, the
Consideration Shares will not be cancelled if the failure to effect the
Distribution is a result of (a) the Distribution not being able to be made in a
manner that is exempt from the prospectus requirements under applicable law; or
(b) the Distribution would be contrary to applicable law. HRM will be restricted
from selling, transfering or otherwise disposing of the Consideration Shares for
a period of 18 months following the closing. As a condition to the completion of
the sale of the Forge Lake Property, HRM must enter into a voting trust
agreement with Danny Wettreich, CEO of Zara, pursuant to which Mr. Wettreich
will be able to exercise the voting rights attached to the Consideration Shares
until the earlier of (a) 18 months following the closing of the transaction; and
(b) the date of the Distribution.


Closing of this transaction is subject to Hudson River and Zara entering into a
definitive agreement for the purchase and sale of the Forge Lake Property,
regulatory approval and compliance with all applicable securities laws
including, to the extent necessary, the approval of the shareholders of Hudson
River.


About Hudson River Minerals Ltd.

Hudson River is focused on the discovery of precious metals and base metals in
Ontario. The management team identifies underexplored areas that have historical
intersections of economic minerals and has experience exploring in areas with
little geologic outcrop and that rely heavily on geophysical technologies for
discovery. For more details on Hudson River's properties visit our web-site at
www.hudsonriverminerals.com.


About Zara Resources Inc.

Zara is a Toronto based mineral company developing its Pigeon River and
Riverbank nickel-copper projects in Ontario as well as the acquisition and
development of other Canadian natural resource projects. For more information
visit the Zara web-site at www.zararesourcesinc.com.


This document may contain forward-looking statements relating to Hudson River's
operations or to the environment in which it operates. Such statements are based
on operations, estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are difficult to
predict and may be beyond Hudson River's control. A number of important factors
could cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth in other
public filings. In addition, such statements relate to the date on which they
are made. Consequently, undue reliance should not be placed on such
forward-looking statements. Hudson River disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be required by
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hudson River Minerals Ltd.
Stephen J. Balch
President and CEO
905.407.9586
sbalch@hudsonriverminerals.com
www.hudsonriverminerals.com


Zara Resources Inc.
Danny Wettreich
President and CEO
647.931.9775
dw@zararesourcesinc.com
www.zararesourcesinc.com

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