GBK Goldbrook Ventures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Goldbrook Ventures Inc. ("Goldbrook" or the "Company") (TSX VENTURE:GBK) is
pleased to announce mobilization of men and equipment to its Raglan project,
Ungava, Quebec in order to carry out a planned summer field season exploration
program. The Raglan project is an Option Joint-Venture Agreement with Jilin Jien
Nickel Industry Co., Ltd. of Panshi, Jilin, China. Contractors, equipment and
support personnel have been arriving at the Belanger and Kangiqsujuaq (Wakeham
Bay) camp sites since mid June in preparation for an aggressive exploration and
drilling program during the summer season.


Belanger Camp will support a large exploration program on the western portion of
the Goldbrook properties, and an eastern camp in Kangiqsujuaq (Wakeham Bay) will
support activities in the eastern tenures. Both camps are now operational and
receiving field crews. Geological field crews mobilized to these camps during
the week of June 21st.


Drill crews will arrive at Belanger Camp the last week of June, with three
drills allocated to the western properties. Drill crews for eastern properties
will deploy in early July, once the sea lift arrives with drill equipment at
Deception Bay. Two diamond drill crews and one base-of-till drill crew will be
employed on the eastern properties.


In total five diamond drill rigs are scheduled for up to 25,000 metres during
the 2010 summer season and one base-of-till rig will test geochemical anomalies
identified from regional data as well as testing coincident Magnetic-EM targets
identified from Airborne data. Geophysical crews to conduct borehole geophysics
and surface EM and magnetic surveys will be deployed in early July.


Six prospecting teams will mobilize in early July to begin an extensive program
designed to identify prospective areas for more detailed follow-up and possible
drilling.


The 2010 exploration program, with a budget of over $17,500,000, includes a goal
of 25,000 metres of diamond drilling in conjunction with an extensive program of
prospecting, geochemical surveys and ground geophysics over both the east and
west extensions of the productive north and south Raglan horizons. This is an
aggressive expansion from the previous, and successful, exploration focus on the
Belanger Trend into new, and high potential geological target areas. This
program will follow-up on the positive results of geological, geophysical and
remote sensing surveys completed in these areas over the previous years and
which helped with discoveries of extensive nickel-copper-PGE sulphides at the
Mystery and Timtu zones.


The planned geoscience fieldwork and exploration drill program is designed to
define new sulphide nickel occurrences within the company's extensive Raglan
Nickel Belt property holdings.


About Goldbrook

Goldbrook Ventures is engaged in the exploration and development of
Nickel-Copper-Platinum Group Element sulphide deposits - a class of mineral
deposit that, due to its polymetallic nature, has an advantage of protection
against individual metal price cycles and has strong long term supply-demand
fundamentals. Goldbrook's quest for discovery is focused in the Raglan District
of Northern Quebec, a district that hosts Xstrata's Raglan operations, arguably
one of the world's most profitable nickel-copper-PGE mines. Goldbrook is the
District's single largest holder of mineral rights, with a 100% interest in
861,000 acres.


Goldbrook also owns 25% of the voting shares of Jien Canada Mining Ltd. (which
successfully acquired Canadian Royalties Inc.), the owner of the
nickel-copper-cobalt-platinum-palladium-gold deposits in the Raglan mining
district which collectively form the Nunavik Nickel Project.


ON BEHALF OF THE BOARD:

David Baker, Chairman and Director

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements made herein may contain forward-looking statements or
information within the meaning of Canadian securities laws and the applicable
securities laws of the United States. Such forward looking statements or
information include, but are not limited to, statements or information with
respect to Goldbrook's plan for future exploration and development of its
properties.


Forward-looking statements or information are based on a number of estimates and
assumptions and are subject to a variety of risks and uncertainties, which could
cause actual events or results to differ from those reflected in the
forward-looking statements or information. Should one or more of these risks and
uncertainties materialize, or should underlying estimates and assumptions prove
incorrect, actual results may vary materially from those described in forward
looking statements or information. Factors related to such risks and
uncertainties, and underlying estimates and assumptions include, among others,
the following: the ability of Goldbrook to advance development of its
properties; price volatility of nickel and other metals; impact of any hedging
activities, including margin limits and margin calls; discrepancies between
actual and estimated production, between actual and estimated resources, and
between actual and estimated metallurgical recoveries; mining operational risk;
regulatory restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; speculative nature of mineral
exploration; defective title to mineral claims or property, litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability
to obtain permits encountered in connection with exploration activities; and
labour relations matters. Accordingly, undue reliance should not be placed on
forward looking statements or information. We do not expect to update
forward-looking statements or information continually as conditions change,
except as may be required by law.

Goldbrook Ventures (TSXV:GBK)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Goldbrook Ventures (TSXV:GBK)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024