Smash Minerals Reports All Assay Results Received, 2012 Drill Targets Ready For Early Season Drilling

Smash Minerals Corp. (the "Company" or "Smash") (TSX VENTURE:SSH) reports that
all assay results from the 2011 field program have been received on its 100
percent owned Whiskey Gold Property (the "Property") located in the White Gold
District of west-central Yukon Territory, Canada. The Property encompasses 846
square kilometres (4,177 claims) and includes the placer gold-rich Black Hills
and Barker Creeks. 


All soil, stream, rock, and drill core assays have now been received. The 2011
geochemical results have been critically evaluated during an end-of-season
technical summit. The following three targets in order of priority are
considered drill ready for the beginning of the 2012 season: 


The Stranahan's Zone occurs along strike of the northwest-oriented, structurally
controlled hydrothermal system that includes the Highland Park and Glen Breton
Zones. Highly anomalous gold and silver mineralization has been identified in
grab rock samples from the Stranahan's Zone. This target is characterized by
brecciated quartz veins with strongly sericitized and oxidized fragments of
felsic orthogneiss containing abundant disseminated cubic pyrite. Rock samples
from this area returned a previously reported value of 6.44 g/t Au; a
gravimetric finish on this sample returned 8.00 g/t Au and 63.7 g/t Ag. 


One drill hole was partially completed at Glen Breton Zone during the 2011
drilling campaign. The drill hole was abandoned due to unstable ground and
swelling clays in a sericitized zone of altered felsic orthogneiss and stockwork
quartz veining; the most pervasive alteration and stockwork quartz veining
observed on the Whiskey Property. Previously reported rock samples from the Glen
Breton Zone returned gold values ranging from detection limit to 3.19 g/t Au.
Additional drilling is proposed for next season to re-test the targeted
mineralized structure at the Glen Breton Zone. 


The Highland Park Zone consists of altered and brecciated felsic orthogneiss and
quartz veining defined by a structurally controlled hydrothermal system centered
in the north-eastern portion of the Property. Highly anomalous mercury, barium,
and silver with minor gold identified in soil from Highland Park may indicate a
vertically zoned epithermal-style, hydrothermal system. Drilling of the Highland
Park Zone will target potential gold mineralization at shallow depths beneath a
cap of siliceous felsic orthogneiss.


Additional targets have also been identified that will require further
investigation with trenching and sampling. These zones include the Tullamore Dew
Zone which occurs along a lithologic contact between felsic orthogneiss and
sericite schists-quartzites and structurally imbricated by a body of
meta-gabbro. Tullamore Dew was identified by a multi-element soil anomaly that
includes anomalous gold and silver that ranges from trace to 191.4 ppb Au and
4.3 g/t Ag. This target is prioritised for mechanical auger sampling to refine
drill hole placement. 


Smash Minerals remains fully financed with an expected C$5 million available for
its anticipated spring 2012 program of exploration drilling and further
sampling. 


Smash is actively assessing other grassroots and advanced exploration
opportunities to increase its land position in the Yukon and to create a
pipeline of projects for the future. 


The exploration program is being directed by Adrian Fleming, CEO and a director
of Smash and formerly CEO of Underworld Resources (now Kinross Gold Corp.).
Overall technical guidance for the program including specialist expertise in
geology, geochemistry, and geophysics is being provided by Revelation
Geoscience. A significant proportion of Smash's technical team formerly worked
for Underworld Resources and was responsible for the first discovery in the
White Gold District, Yukon, being the Golden Saddle discovery in 2008. 


A comprehensive QA/QC program is in place to monitor precision and accuracy of
the assay results. All rock, trench and drill core samples are submitted with
certified reference materials and are analyzed by SGS Minerals Services. Gold
analyses are by fire assay using a 50 g charge and an atomic absorption
spectrometry finish. Gold assays greater than 3 g/t are routinely re-assayed
using a gravimetric finish to confirm initial atomic absorption results. SGS
Minerals Services are ISO 9001 accredited. 


Adrian Fleming is a Qualified Person and has reviewed the technical content of
this press release.  


Additional information and maps displaying Smash Minerals' results to date and
the identified drill targets can be viewed on the company website at
www.smashminerals.com. 


ON BEHALF OF THE BOARD

Adrian W. Fleming, CEO and Director

This press release includes "forward-looking statements" including forecasts,
estimates, expectations and objectives for future operations that are subject to
a number of assumptions, risks and uncertainties, many of which are beyond the
control of Smash Minerals Corp. Statements regarding mineral exploration
operations and objectives are subject to risk, including, but are not limited
to, exploration and geologic risk, inflation and costs of goods and services,
property title issues and regulatory approvals. Investors are cautioned that any
such statements are not guarantees of future performance and that actual results
or developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may vary
materially. Smash Minerals Corp. does not assume the obligation to update any
forward-looking statement, except as required by applicable law.
Smash Minerals Corp (TSXV:SSH)
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