Breakwater Resources Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net revenue of $36.7 million compared to $60.4 million for the same period last year. Earnings before income and mining tax provision was $6.4 million compared to loss before income and mining tax provision was $59.0 million for the same period last year. The company realized net earnings of $5.4 million or $0.01 basic and diluted per share compared with a net loss of $53.5 million or $0.12 basic and diluted per share in the fourth quarter of 2008. Net cash provided by operating activities were $23.0 million compared to $818,000 for the same period last year. Mineral properties and fixed assets were $12.1 million compared to $11.6 million for the same period last year. For the year, the company reported net revenue of $161.7 million compared to $262.3 million for the same period last year. Earnings before income and mining tax provision was $7.4 million compared to loss before income and mining tax provision was $69.8 million for the same period last year. The company realized net earnings of $809,000 or $0.00 basic and diluted per share compared with a net loss of $88.3 million or $0.20 basic and diluted per share for the same period last year. Net cash provided by operating activities were $11.6 million compared to net cash used in operating activates of $5,845,000 for the same period last year. Mineral properties and fixed assets were $30.1 million compared to $76.8 million for the same period last year.

Breakwater Resources Ltd. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on February 25, 2010).

Breakwater Resources Ltd. reports production results for the period ended December 31, 2009. The company announced an increase to its mineral reserves and an extension to the mine life at Mochito. The mineral reserves at December 31, 2009 were estimated to total 18.5 million tonnes grading 6.7% zinc resulting in an 8% increase year-over-year. Specifically, mineral reserves at Mochito increased by 56% due to gains from diamond drilling and the discovery of new deposits. Measured and indicated mineral resource estimates totaled 22.0 million tonnes grading 7.8% zinc, a 5% increase over 2009 primarily due to an increase at Mochito. Inferred mineral resources have been estimated to total 11.6 million tonnes, representing a 4% increase year-over-year. For the December 31, 2009 mineral reserve and mineral resource estimates, metal prices, including premiums, used to determine economic viability were $1.00/lb. zinc, CAD/$ exchange rate of 1.12, $700/oz. gold, $12.55/oz. silver, $2.66/lb. copper and $0.83/lb. lead. The mineral resource and mineral reserve estimates for the Mochito mine are developed using Gemcom modeling software utilizing a 5% zinc equivalent cut-off grade. Block models have been created for the various zones using an inverse distance squared interpolation with block dimensions of three metres wide by three metres long by 3.7 metres high (except for the Palmar Dyke that has three metre high blocks). Ellipsoid sizes and shapes are determined by the style of mineralization (i.e. manto or chimney style mineralization).