Journey Resources Corp.
TSX VENTURE : JNY
FRANKFURT : JL4

Journey Resources Corp.

October 16, 2007 14:50 ET

Journey Announces Closing of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2007) - Journey Resources Corp. (the "Company") (TSX VENTURE:JNY)(FRANKFURT:JL4) is pleased to announce that the TSX Venture Exchange accepted for filing, a non-brokered private placement of 2,287,000 Units at a price of $0.25 per Unit for total proceeds of $571,750, together with one-half of a share purchase warrant, each whole warrant being exercisable to purchase one common share at an exercise price of $0.35 for a period of two years from the date of closing (the "Private Placement"). The Company has now closed on the Private Placement.

The Private Placement was over-subscribed as the Company initially arranged for the placement of up to 2,000,000 units at $0.25 per unit for total proceeds of $500,000 (see news release dated September 25, 2007).

Finders fees were paid in the amount of 8% of gross proceeds, excluding those proceeds raised from insiders of the Company. In addition, finders' share purchase warrants were issued entitling the purchase of 8% of the number of Units sold under the private placement, at a price of $0.35 per finder's warrant exercisable for a two-year period from the date of closing.

All of the securities issued or issuable under the Private Placement will have a 4 month hold period expiring February 16, 2008.

The Company will use the proceeds from this private placement for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS

JATINDER (JACK) BAL, Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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