Goldbrook Ventures Inc.
TSX VENTURE : GBK

Goldbrook Ventures Inc.

November 20, 2008 14:50 ET

Goldbrook and Jilin Jien Nickel Hold Signing Ceremony in Beijing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2008) -

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

Goldbrook Ventures Inc. ("Goldbrook") (TSX VENTURE:GBK) is pleased to report that an official signing ceremony was held in Beijing, China, on Friday, November 14th between Goldbrook Ventures and Jilin Jien Nickel Industry Co., Ltd. to celebrate their option joint venture agreement of August 2008 (see press release August 29, 2008) regarding exploration and development of Goldbrook's Raglan Belt Ni-Cu-PGE properties in northern Quebec.

The signing ceremony was hosted by the Chinese, National Democratic Reform Commission (NDRC) at their annual symposium, entitled 2008 Canada - China Mineral Resources Development Symposium, Mining in Canada Projects Showcase, held at the Hotel Nikko New Century, Beijing. Participants in the ceremony included NDRC executive from both the federal organization and Jilin Province. Also participating were the Jilin Province Vice-Governor, Mr. Wang Zuji, the British Columbia Minister of State for Mining, Hon. G. Hogg, Mr. P. Verpaelst, Director, Dept. of Geological Information, Quebec, and staff from the Canadian Embassy and Investment Quebec in addition to senior executive of Goldbrook Ventures, Jilin Jien Nickel Industry Co., Ltd. and its parent company Jilin HOROC Nonferrous Metal Group Co., Ltd.

Meetings held between Goldbrook and Jilin Jien Nickel in Beijing confirmed that Jilin Jien Nickel will continue to fund exploration of the Raglan properties during 2009. The two parties approved in principal a budget of at least $15 million for 2009. This program will follow-up on the highly successful results of the 2008 program and test new targets within the Raglan properties.

ON BEHALF OF THE BOARD:

David Baker, Chairman & CEO

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This press release contains "forward-looking information" that is based on Goldbrook's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Goldbrook's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Goldbrook's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for Goldbrook's mineral products or increases in input costs; 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.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Goldbrook disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

Contact Information

  • Goldbrook Ventures Inc.
    David Baker
    Chairman & CEO
    (604) 683-8083 or Toll Free: 1-888-488-9884
    (604) 683-8087 (FAX)
    Website: www.goldbrookventures.com