Mississauga, Ontario CANADA, May 01, 2012 /FSC/ - Jourdan Resources Inc. (JOR - TSX Venture),("JOURDAN" or the "Company") (www.jourdan.ca) has commenced a 19- drill hole, 2,500 metre drill program at the Dissimieux Lake Phosphate Project. This program is designed to verify and follow-up the work completed by Soquem (La Societe Quebecoise D'Exploration Miniere (SOQUEM) - a company created by a special law of the Government of Quebec - wholly owned by the Province of Quebec) and Afcan Mining Corp. that resulted in a historic non- NI 43-101 compliant resource estimate and scoping study completed by Met-Chem Canada Inc (a wholly owned subsidiary of UEC Technologies LLC which is part of United States Steel Corporation). In addition, historical metallurgical work was completed by Corem (a consortium of applied research for the processing and transformation of mineral substances) and Lakefield Laboratories - now SGS Lakefield - (home to some of the most powerful mineralogical instrumentation available to the global minerals industry).
On April 27th, 2012 drilling began on Jourdan's first Dissimieux Lake drill program which is anticipated to be completed within 30 days. The planned program will test mineralization on 4 lines to a vertical depth of 75m to 100m. Mineralization at the Dissimieux Lake Phosphate Project where drilling is planned is exposed at surface or covered with thin overburden.
"With global demand for fertilizers increasing every year, we feel that the work at the Dissimieux Lake Phosphate Project will not only benefit Jourdan shareholders, but also the consumers. With only one Canadian phosphate mine currently in production that is expected to shut down in the coming years, it is important for Jourdan and other Canadian phosphate explorers and developers to advance their projects rapidly to meet the domestic as well as international demand for phosphate, an essential ingredient in fertilizer." stated Michael Dehn, President and CEO of Jourdan.
In a recent report by the Vancouver based research team Raymond James Ltd. entitled Ferts: The Amazing (Nutrient) Race: Positioning to Feed the World, they stated "According to the FAO (Food and Agriculture Organization of the United Nations), global food production will need to increase by 70% by 2050 just to keep the world adequately fed, with 80-90% of this growth expected to come via improved crop yields. We view higher rates of fertilizer application, most notably on the emerging markets, as one of the most tangible avenues to achieving these yield gains, a critical outcome if the world is expected to meet future food demands." This will lead to increased demand for fertilizers, and hence phosphate, in the near future.
Highlights of the Dissimieux Lake Phosphate Project:
* 100% interest in 140 km2
* No NSR
* *235 million tonnes @ 3.65% P2O5 and 4.72% TiO2
* *92% apatite (Ca5(PO4)3F) recovery - to produce a 41.2%P2O5 concentrate
* *62.5% ilmenite (FeTiO3) recovery - to produce a 48.1% TiO2 concentrate
* The resource estimate, scoping study and recovery estimates referred to above predate and are noncompliant with NI 43-101. Jourdan is not treating the historical estimates as current mineral resources or reserves. Jourdan has not undertaken any independent investigation of the resource estimate nor has it independently analyzed the results of the previous exploration work in order to verify the resources, and therefore the historical estimate should not be relied upon. However, Jourdan believes that these historical estimates provide a conceptual indication of the potential of the occurrences and are relevant to ongoing exploration.
The material in this news release has been reviewed by Stephen Wallace, P. Geo, a Qualified Person as defined in NI 43-101.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration and development of mining properties in phosphates. The Company's properties are currently at the exploration stage and are located along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec.
Please visit the Company's website at www.jourdan.ca
For further information please contact:
Michael Dehn Glen Wylie, CMA
President and CEO CFO
Tel: (647) 477-2382 Tel: (647) 477-3758
Fax: (647) 477-2389 Fax: (647) 477-2389
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.
While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.
Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.
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.
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