BRYN - Bryn Resources reduces outstanding shares by more than 50%

(EMAILWIRE.COM, August 31, 2011 ) Belize City, Belize -- This is definitely a huge windfall for current shareholders. This share reduction is not only rare to see with penny stocks, the company just proved that they are looking at the best interest for its shareholders. Also, with uplisting on their minds, shareholders can see much higher prices in the long term as minimal price trading requirements needs to be at least $4.00 per share!

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This news alone just increased stock valuation at least 2x. With what BRYN has already announce and more expected surprises to come, $1.25 price target near term target looks solid.

BRYN last traded at $0.205, and holding on long and strong for a mega breakout that will make history! This will definitely get the shorts frantically running for cover - something they never would expect or would ever want to see.

BRYN's is on a tear from when they released their first press release this year and our members are reaping the rewards which continue to be over 400% and looks like they are headed for much more with today's monster news!

Bryn Resources Inc. Cancels 59,000,000 Restricted Shares.

Bryn Resources Inc. is pleased to announce that in an effort to increase shareholders value and in preparation of up-listing to a higher exchange, it has approached key shareholders who agreed to reduce their holdings by cancelling 59.0 Million restricted shares. The cancellation will reduce the overall outstanding shares to 55,766,260.

Bryn Resources Inc. has also identified 1 (one) shareholder, Bastille Advisors Inc, that will have an equity position of greater than 10% and shares will be restricted and reported in the companyÂ’s quarterly financials. This will in effect reduce the companyÂ’s float by 6.55 Million shares to 18,704,817.

The company continues as planned working on their interest in Nova Scotia and will provide further updates to its shareholders shortly.

About Bryn Resources Inc.

Bryn Resources is a precious metals exploration company currently concentrating its efforts in Eastern Canada region holding 100% interest in Renfrew Nova Scotia that comprises of 62 Claims covering 2,480 acres, and 100% interest in Wine Harbour, Nova Scotia. These claims have historically demonstrated their mineralization and in the period between 1862 and 1939 yielded 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton. Bryn Resources Inc. continues to seek partnerships in proven mineralization which are close to the production phase.

If you have not done so already, be sure to read BRYN's the latest research report and price targets at http://www.xtremepicks.com/reports/bryn.

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