UW Underworld Resources Inc.

VANCOUVER, BRITISH COLUMBIA is pleased to announce that drilling has commenced at the Golden Progress and Joker Gold Projects in New Zealand.

Golden Progress (75% Underworld Resources)

At the Golden Progress gold project near Oturehua in Central Otago, a program of core and reverse circulation drilling is underway. The target is high grade gold mineralization at each of Great Eastern, Golden Progress, West of England and Dover reefs typified by steeply dipping mesothermal quartz veins. The Great Eastern and Golden Progress mines saw production in the late 1800's and early 1900's. Production grades reported in historic literature at Golden Progress are cited to be 48.8 g/t Au(1). Total documented production from the Golden Progress Mine was 4,990 ounces(2).

(1) Williamson, J.H., 1939, The Geology of Naseby Subdivision, Central Otago, NZ Geol Surv Bull 39, Wellington, DSIR.

(2) Alridge, C.H., 1985, Reconnaissance of Oturehua mining area PL 31825, Oturehua, Otago, Gemdek Gold Mining Co Ltd. MED unpublished open file mining company report MR 1966.

Recent work by Underworld has included surface geological mapping, grid soil sampling and rehabilitating the historic workings to allow underground sampling. Underground sampling at the Great Eastern prospect returned gold grades averaging 5.6 g/t over 21m at a width of 0.3 - 0.5m. At two other locations within the Great Eastern workings grab samples from exposed quartz vein material in old workings ran 42.9 and 76.5 g/t Au. Approximately 1,500 meters of combined core and reverse circulation drilling will be completed.

Joker Project (50% Underworld Resources)

A program of reverse circulation drilling has commenced at the Joker gold project near Thames, North Island targeting epithermal gold mineralization similar to Newmont's nearby Martha mine. The Joker vein extends for at least 300m (but could be up to 1.5km) along a north east trend and the vertical extent has been traced for 80m.

Small scale gold mining was carried out in this area in the late 1800's with total historic production unknown. Underworld completed a program of 11.5 line kilometers of gradient array IP ground geophysics at Joker in November 2007 to assist planning of the proposed drill program. Sampling of material from limited access to old adits returned grades of 17.9 and 2.15 g/t Au. Approximately 750m of reverse circulation drilling is planned.

White Gold and Black Fox (100% Underworld Resources)

At the White Gold and Black Fox gold projects south of Dawson in Yukon Territory, planning is underway for a $1 million exploration program. The 2000 meter drill program is expected to commence in mid-June 2008.

A vigorous program of geological mapping, sampling, IP geophysics and trenching was undertaken by Underworld on these properties in the summer of 2007. At the White prospect one trench returned 1.8 g/t Au over 40m including 9.9 g/t Au over 5m. A second trench returned 1.3 g/t Au over 37.5m including 4.7 g/t Au over 5m. At Black Fox grab samples at the Thistle Vein graded up to 10.1 g/t Au while a 30cm wide vein returned 9.6 and 17.7 g/t Au (see UW NR#2 dated February 12th, 2008).

The 2007 Exploration Program was supervised by Adrian Fleming, M.A.I.G., RPGeo, M.Aus.I.M.M., President of Underworld Resources and a Qualified Person as defined by NI 43-101. Mr. Fleming prepared and approves of the content of this release.

Underworld Resources is a well-structured junior exploration company targeting base and precious metals in the Americas and New Zealand.

ON BEHALF OF THE BOARD OF DIRECTORS

Adrian Fleming, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Underworld Resources Inc. Jeff Sundar (604) 684-4001 (604) 484-7155 (FAX) Email: info@underworldresources.com Website: www.underworldresources.com

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