JOR Jourdan Resources Inc

JOURDAN RESOURCES INC. (TSX VENTURE: JOR) ("Jourdan" or the "Corporation") is pleased to announce that the Board of Directors of the Corporation has unanimously approved a spin out transaction (the "Spin Out") whereby Jourdan will transfer its Johann Beetz uranium property to a new company ("Newco") in return for Newco shares having an aggregate value of $300,000, which will then be distributed to Jourdan shareholders. The implementation of the Spin Out is subject to, among other things, Jourdan shareholder approval, concurrent private placement and TSX Venture Exchange ("Exchange") approval, including Exchange approval of the listing of the common shares of Newco on the Exchange.

The objective of the Spin Out is to maximize shareholder value by allowing the market to independently value separate property portfolios. The Spin Out will result in two strategically positioned companies, one focused on Uranium and the other focused on Rare Metals or High Technology Metals.

Spin Out Terms

The Corporation intends to distribute all of the shares of Newco that it will own to the shareholders of the Corporation. Technically, the Corporation will effect this reorganization and distribution by: (i) reducing the amount of the issued share capital of the Corporation's common shares by an amount equal to the fair market value of the Newco common shares to be distributed to the Corporation's shareholders; and (ii) distributing those Newco common shares to the Corporation's shareholders. The Newco shares will be distributed on the basis of one Newco common share for approximately every 10 common shares of the Corporation held as of the close of business on the record date for the distribution, or such other ratio as may be determined by the Board of Directors of the Corporation in its discretion. The Corporation currently intends to determine the fair market value of the Newco common shares so distributed at $0.10 meaning the 3,000,000 shares would issued.

The Board of Directors of the Corporation will not proceed unless all of the following conditions are met: (i) shareholders approval is obtained; (ii) Newco and the Corporation enter into an asset transfer agreement with respect to the Property; (iii) the common shares of Newco are conditionally approved for listing on the TSX Venture Exchange; (iv) the provincial securities commissions issue a receipt for a final prospectus of Newco in respect of the Distribution; and (v) Newco completes a financing in an amount determined by the Corporation to be sufficient to fund for Newco's operations.

The Spin Out will result in Jourdan shareholders receiving Newco common shares having an aggregate value of $300,000 based on the number of Jourdan shares held.

Jourdan shareholder approval will be sought at the next shareholders' meeting scheduled to be held on June 29, 2011. An Information Circular containing full details of the Spin Out will be sent to Jourdan shareholders prior to the meeting.

Emilien Seguin, the President and Chief Executive Officer of Jourdan, stated: "The management and Board of Directors of Jourdan believe that the proposed separation of assets should facilitate independent financing and exploration strategies, resulting in an excellent opportunity for shareholders to maximize the value of their Jourdan holdings."

About Jourdan Resources Inc.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Corporation is focused on the acquisition, exploration, production, development and if, as the case may be, the operation of mining properties in strategic Uranium and Rare Metals or High Technology Metals ("HTM's") sectors of eastern Canada. The Corporation's properties are currently at the exploration stage along the Lower North Shore, the Mauricie and the James Bay regions of Quebec. Jourdan is fully funded for the 2011 exploration campaign following the Corporation's recent financing.

Please visit the Corporation's website at www.jourdan.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.

Contacts: Jourdan Resources Inc. Emilien Seguin President and CEO, Director (450) 670-5224 (514) 787-1457 (FAX) Guy Girard VP Finance, Director (514) 798-1290 (514) 787-1457 (FAX) info@jourdan.ca www.jourdan.ca