Curlew Lake Resources Inc.

Curlew Lake Resources Inc.

May 12, 2006 13:28 ET

Curlew Lake Announces Financing Details for Upcoming Gold Exploration Drilling Program

LANGLEY, BRITISH COLUMBIA--(CCNMatthews - May 12, 2006) - Curlew Lake Resources Inc. (TSX VENTURE:CWQ) announces that it has arranged with a private investor whereby the private investor may earn a 1% NSR in the Typhoon gold project in the Clear Creek area, Dawson Mining District, Yukon Territories. This arrangement will provide the required funds to complete the drilling program announced on May 9th to occur in the next 4 weeks. The property is controlled 100% by Curlew Lake, and will now be subject to a 3% NSR, 1% of which may be purchased at any time for $600,000 in cash or shares and an additional 1% which may be purchased at any time for $500,000 in cash. The property consists of 98 mineral claim units covering approximately 4,400 acres.

Attached May 09, 2006 News Release

May 09, 2006

Langley, BC, Canada: Curlew Lake Resources announces it plans to complete a trenching and drilling program on the Typhoon Gold Property, based on the more aggressive recommendation outlined in a recent report by Select Resources Inc. to the Company. In view of the activity in mineral exploration in the Yukon this year, the Company has been fortunate to have secured the use of drilling equipment and contracting services through Aurora Geosciences Ltd. of Whitehorse, YT. The program will commence in early June and is intended to target a number of locations with approximately 1000 metres of trenching and 450 metres of core drilling. This will provide a preliminary examination of the geology underlying the coincident geochemical and geophysical anomalies outlined in the Select report. The mineralization model considered most applicable in this terrane, and in the report, is the Intrusive-Related Gold Deposit model.

Curlew Lake recently received a very thorough report from Select Resources Inc. summarizing the programs carried out in the 2005 season. A copy of the Summary, Interpretation, Conclusion, and Recommendations from this report have been placed on the Curlew Lake web site. The Company is very pleased to have multiple drilling targets identified and supported by the exceptional credentials and highly experienced team highlighted below;

Report Team Highlights

- Former President: Dr. Harold J. Noyes - 25 years in global mineral exploration and production including 17 years experience in Alaska.

- Geologist, Team Coordinator: Dr. Odin Christensen - 25 years experience in the minerals industry; 21 years at Newmont as VP Exploration, Chief Geologist, Exploration Manager; Ph.D. from Stanford University.

- Geophysicist: Dr. Craig Beasley - 20 years in global, diversified exploration; 8 years with BHP; Ph.D. from the University of Utah.

- Geochemist: Dr. Jeffrey Jaacks - 20 years of global, diversified exploration and mining experience; Past President of the Association of Exploration Geochemists; worked at Anaconda, Westmont, and BHP; Ph.D. from the Colorado School of Mines.

- Remote Sensing: Sandra Perry - 20 years experience in remote sensing; recognized globally for the ability to discern exploration value from domestic and international imagery; M.S. from Colorado School of Mines.

The Company has been notified by Select Resources Corporation that they are terminating their agreement and withdrawing from further participation in the Typhoon Gold Property. Management of Curlew Lake is surprised at this notice, in view of the successful 2005 exploration program carried out by the Select team. We appreciate the work Select has carried out, and the very positive report they have provided us, which has advanced the status of the property. Although the decision by Select was obviously not made based on the merits of the property, the Company regrets Select will not be continuing in the ongoing exploration of Typhoon.

Management of Curlew Lake consider this to be a splendid opportunity, with the potential to create a significant impact on share value, given that the Company now has a 100 percent interest in the property, subject only to a 2 percent Net Smelter Return Royalty, 1 percent of which can be purchased at any time for $600,000 in cash or shares.

Updates will follow on the above-mentioned project in the coming weeks.

For additional information or to be added to the corporate mailing list please visit the following page

On Behalf of the
Board of Directors
"Robert B. Pincombe"

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