Fundy Minerals
LSE : FUND

June 24, 2009 02:00 ET

12 New Targets Identified In Liberia

FOR IMMEDIATE RELEASE                                                                               JUNE 2009
     
                                              FUNDY MINERALS LTD
                                              (PLUS MARKET: FUND)
                                                       
                                     12 New Targets Identified In Liberia
                                                       
The  Board of Fundy Minerals Ltd ("Fundy" or "the Company"), the Canadian and West African exploration company,
is pleased to report that the Company has identified 12 new targets at its Diamond and Gold project in Liberia.
The  Company engaged ACA Howe International Ltd of Berkhamstead, Herts UK to acquire data and conduct a  survey
and interpretation using ALOS PalSAR radar.

The  interpretation identified 12 new targets as having potential for diamond or gold occurrences. The  targets
include  interpretations of Palaeo channels with alluvial deposits, circular features and  possible  intrusive,
long fractures close to diabase dyke trends that should be checked for kimberlite, Eburnean supra crustal rocks
(potential  for  gold  mineralization),  and  a dense zone of Cestos  trend  fractures  that  could  host  gold
mineralization.  During  the interpretation two foliation trends were recognized, a strong  northeast  trending
fabric  and  a  northwest  trending fabric. Additionally north - northeast trending fractures  and  dykes  were
detected as well as circular features identified as possible igneous intrusions.

Large artisanal diamond workings has occurred in the Mineral Exploration License "MEL" area for years, and  the
principal  objective of the radar was to locate any indication of kimberlite which may relate to the source  of
the  diamonds,  as  well  as searching for any extensive alluvial deposits. The region has  potential  for  the
occurrence  of  gold, as it is believed the MEL lies on the continuation of Cestos gold-bearing structure.  The
radar's  secondary objective was to map the extent of this structure, and various structures identified  within
the MEL/permit area.

Company  Chief  Geologist  Paul  Lemmon commented, "I am pleased with the results  of  the  surveys.  ACA  Howe
International are a very reputable firm with tremendous expertise and experience in Africa, and their work  and
interpretation will be very useful in guiding our exploration field efforts. The Paris diamond  camp  has  been
our area of interest the past several years, now the ALOS PalSAR study has yielded a total of 12 new targets of
interest where possible kimberlitic intrusions and dykes could exist, as well as new gold targets which we will
endeavour to conduct field examinations and ground surveys."

Scientific or technical information relating to Fundy's activity is based on direct supervision of, or has been
reviewed by, Paul Lemmon, PGeo., Chief Geologist of the Company.

                   The Directors of the Issuer accept responsibility for this announcement.
                                                       
                                                   --ENDS--
                                                       
For further information please contact:
Fundy Minerals Ltd                       Tel. +1 416 238 0361 or +44 (0)207 669 4479
Jeff Michel, Chairman & CEO              info@fundyminerals.com

Daniel Stewart & Company Plc              Tel. 020 7776 6550
Stewart Dick

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