News Release

Zone Resources Inc. Closes Private Placement and Sets Incentive Stock Options

March 11, 2011: Zone Resources Inc. (TSX-V: ZNR) (Zone) announces that the TSX Venture Exchange has accepted the non-brokered private placement announced on February 25th 2011.

A total of 5,000,000 units were issued as non-flow-through units consisting of one common share and one full warrant for total proceeds of CDN $425,000. One full warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for the first year and at a price of $0.15 through to completion of the second year.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring July 10, 2011. The proceeds of the private placement will be used for general working capital, oil and gas exploration and other potential resource sector opportunities.

The following pro groups and insider participated in the private placement;

Pro group: Kerry Chow 500,000 shares; Jacqueline Chow 400,000 shares; Roberto Chu 200,000; Judy Chu 100,000.
Insider: Gordon Jang 300,000 shares

Finders' fees: $34,000 cash and 400,000 warrants (same terms as private placement above) payable to Haywood Securities Inc.

Zone Grants Incentive Stock Options
Zone also announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 540,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.125 per share.

About Zone Resources Inc.
Zone Resources Inc. is in the business of evaluating and acquiring oil and natural gas properties for exploration and development. The Company's shares trade on the TSX Venture Exchange under the symbol ZNR.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

FOR FURTHER INFORMATION ABOUT THE COMPANY, PLEASE CONTACT:

Zone Resources Inc.
Vancouver Office
Archie Boyce, Director
Email: archie@zone-resources.com
Telephone: (604) 683 5445 ext 227