Supatcha Announces Stock Repurchase Plan for up to $3 Million

DENVER, Nov. 22, 2010 /PRNewswire-FirstCall/ -- Supatcha Resources Inc. (OTC Bulletin Board: SAEI) ("Supatcha" or the "Company") is pleased to announced today that its Board of Directors has authorized a share repurchase program of up to $3 million of the Company's outstanding common shares. The repurchase program will be funded by the Company's available cash. The Board of Directors believes that a share repurchase program would be in the best interests of the Company and its shareholders, and that it will not impact the Company's ability to execute its growth plans.

Commenting, Nikolae Yagodka, CEO and Director of Supatcha said, "We are very pleased to announce this repurchase program to benefit shareholders at a time when we believe our stock is undervalued.  This initiative will improve future earnings per share by reducing the number of shares outstanding. The repurchase program reflects the Board of Directors' continued confidence in the Company and the commitment to enhance shareholder value. Our shareholders have been and continue to be our most important asset, so rewarding them is a high priority.  We have been astounded by the sharp decline in our share price over the past year. Nevertheless, we believe Supatcha's share price has become significantly undervalued based on the strength of the Gold market's current level and future outlook."

Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. The repurchase program will be funded by the Company's available cash.  The plan will continue as long as periodic management reviews determine it to be fiscally feasible and may be discontinued at any time.

In addition, the Company expects the NI 43-101 technical report for the Barlevskoye and Vynohradiv gold projects to be completed and filed by December 05, 2010. The report will provide measured, indicated and inferred resources that will be the basis for the Preliminary Economic Assessment and final feasibility studies that will convert those resources into reserves.

About Supatcha Resources Inc. (OTCBB: SAEI)

Supatcha Resources Inc. is a gold exploration company focused on acquiring and developing mineral properties in Ukraine. Supatcha is in the final stages of acquiring two additional gold mining projects, with world-class potential, in southwestern Ukraine.

Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.  Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

SOURCE Supatcha Resources Inc.