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News Release

Zone Resources Inc. Extends and Re-Prices Warrants

November 22, 2011: Zone Resources Inc. (Zone) (TSX-V: ZNR) (Frankfurt: 7ZR) reports that the TSX Venture Exchange has consented to extend and re-price 6,666,797 warrants that were due to expire November 17th 2011. The new warrant expiration date has been moved to November 17th 2013 and the new exercise price of the warrant is $0.10.

The amended terms will allow the holders of the warrants to exercise them at an amended price of $0.10 until November 17th 2013. In the event that the common shares of the Company are traded on the TSX Venture Exchange at a price of $0.125 or more for ten consecutive trading days, (the "Premium Trading Days") the warrants will expire on the earlier of November 17th 2013 and 4:30 p.m. (Pacific Time) on the date which is 30 calendar days after Premium Trading Days has occurred; otherwise the warrants will expire on the 31st day. The 30 day period will commence seven calendar days after the tenth Premium Trading Day.

About Zone Resources Inc.
Zone Resources Inc. is a Canadian Iron exploration and development company with 4 major projects situated in the Labrador Trough of Quebec, Canada. The properties are near Adriana Resources' Lac Otelnuk Project and New Millennium's Kemag and Labmag Projects. Historical drilling on the Moore-Ross property includes a significant hole grading 42.9% iron over 197 feet. Over 37 drill holes, the primary iron mineral is hematite and iron grades ranged from 17.25% to 44.8%. The Company's shares trade on the TSX Venture Exchange under the symbol ZNR and on the Frankfurt Exchange under the symbol 7ZR.

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
Telephone: (604) 683 5445
or Email: info@zone-resources.com