Olivut Resources Ltd. is an exploration and development company that commenced trading on the TSX Venture Exchange (TSX-V:OLV) Toronto, Canada on January 10, 2007.

There are 33,777,382 common shares issued and outstanding.

Highlights Include:

HOAM Project, NWT

• Geophysical interpretation of airborne magnetic data successful in delineating additional drill targets
• Completion of detailed airborne geophysical surveys based on results of interpretation

 Itapoty Diamond Project, Paraguay

• 37 diamonds have been recovered from the property by LAT
• Diamond distribution suggests local and multiple sources
• Diamonds found in coarse fraction (1-2 mm)
• Surface features of damonds indicate proximal sources
• Sample results have yielded numerous Kimberlite Indicator Minerals
• Regional and local geology supports emplacement of diatremes and dykes

 Rivera Project, Uruguay

• Positive sample program results
• Encouraging pit and stream sample program results
• 2011 exploration program underway  

The Company’s principal asset is a 100% interest in the HOAM Project in the Interior Plains region of Canada's Northwest Territories. The community of Fort Simpson is located approximately 15 kms from the HOAM property in the south and the village of Deline is located about 20 kms from the project area in the north. 

This region is considered to be favourable for the emplacement of diamond bearing kimberlites.  Olivut has made 23 kimberlite discoveries to date and has additional numerous targets defined for drilling.

Prior to Olivut's involvement in the area, this region was subjected to little modern exploration techniques.  High resolution, regional magnetic geophysical surveys, detailed heli-mag geophysical surveys and geochem sampling programs all conducted by Olivut have identified several favourable areas for kimberlite occurrence.

• A National Instrument 43-101 Technical Report (see Nov.30,2011) written by Paul Pitman, P.Geo. details the merits of the HOAM Project.

In May 2009 Olivut announced that it has signed an Option Agreement with Orosur Mining Inc. (TSXV:OMI) whereby Olivut may earn up to an 80% interest in the Rivera Project diamond prospecting and exploration licenses located in northern Uruguay, South America.  Olivut is operator for the exploration program.

Geophysical analysis conducted over the past several months, combined with very positive indicator mineral chemistry from an unknown source and local geomorphology, has resulted in numerous new drill targets being delineated.

Negotiations have been undertaken to allow access to test these anomalies.  Landowner agreements are being finalized, as is the government permitting process, to enable drilling on the priority targets.

On July 6, 2011 the Company announced that it had signed an Option Agreement (“the Option”) with Latin American Minerals Inc. ("LAT") (TSXV:LAT) and certain of its Paraguayan subsidiaries to explore the Itapoty Diamond Project located in central Paraguay, South America.

The Company is very pleased to be working on this new opportunity as it complements Olivut’s existing portfolio of diamond exploration properties in Canada and Uruguay, South America. Paraguay remains largely underexplored. It depends for the most part on agriculture production which comprises the vast majority of the country’s exports.

Pursuant to the terms of the Option, Olivut may earn 50% of the project by incurring CDN$250,000 in expenses related to the property in the first 12 months and an additional CDN$750,000 in the following 18 months.  Olivut is the operator of the project.