Niblack Mining Corp.
TSX VENTURE : NIB

Niblack Mining Corp.

October 11, 2007 09:33 ET

Niblack's South Lookout Zone Step Out Intersects 14 Metres (45.9 Feet) of 2.06% Copper and 3.91% Zinc

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2007) - Niblack Mining Corp. (the 'Company') (TSX VENTURE:NIB) is pleased to announce additional assays results from the 2007 surface drill program at the Company's copper-zinc-gold-silver Niblack VMS property located in southeast Alaska. Step-out drilling expands the South Lookout Zone for a third consecutive time by another 100 feet to the east. The South Lookout Zone, discovered in 2006, is a sub-zone of the main Lookout Zone.

Highlights:

- Drill hole LO-199 intersects 14 metres (45.9 feet) of massive sulphide and sulphide stringer mineralization grading 1.46 g/t gold, 28 g/t silver, 2.06% copper, and 3.91% zinc. The intersection includes a 3.5 metre (11.5 foot) sub-interval grading 4.51 g/t gold, 66 g/t silver, 2.77% copper, and 7.21% zinc.

- Drill hole LO-199 is collared 100 feet east of LO-195 (reported August 9, 2007), and continues expansion of the zone up plunge. Drill hole LO-195 includes two intersections - 3.14 metres (10.3 feet) grading 9.19 g/t gold, 132 g/t silver, 7.11% copper, and 6.80% zinc, and 18.68 metres (61.3 feet) grading 1.37 g/t gold, 34 g/t silver, 3.56% copper, and 3.16% zinc over.

- Hole LO-198, testing a deeper target east of the South Lookout Zone (Section 4250E) intersects 6.71 metres (22 feet) of heavy replacement sulphide mineralization grading 1.16 g/t gold, 27 g/t silver, 0.80% copper, and 1.56% zinc. The mineralization is similar in style to that found at shallower depths within the main Lookout Zone proximal to high-grade massive sulphide, and confirms down-plunge continuity of mineralization to the southeast.

Significant results for 2007 and 2006 drill results for the South Lookout Zone are listed in the Table below.



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Section Hole From To Width Width Au Ag Cu Zn
(Az/Dip) Number (ft) (ft) (ft) (m) (g/t) (g/t) (%) (%)
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South Lookout Zone - 2007 Drill Holes
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4900E (0/-70) LO-194 795.7 804 8.3 2.52 0.42 7 1.31 0.04
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4900E (0/-62) LO-195 759.3 769.6 10.3 3.14 9.19 132 7.11 6.80
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LO-195 863.2 924.5 61.3 18.68 1.37 34 3.56 3.15
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incl. 903.2 924.5 21.3 6.49 2.23 53 6.16 8.19
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4900E (0/-56) LO-196 no significant results
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4900E (0/-79) LO-197 909.5 922 12.5 3.81 0.75 6 1.09 0.05
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5000E (0/-58) LO-199 695.1 741 45.9 13.99 1.46 28 2.06 3.91
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incl. 729.5 741 11.5 3.51 4.51 66 2.77 7.21
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5000E (10/-51) LO-200 719.0 722.7 3.7 1.13 2.67 41 2.02 1.06
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South Lookout Zone - 2006 Drill Holes
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4700E (0/-75) LO-181 980.5 1029.5 49 14.94 4.68 126 5.83 6.23
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4700E (0/-85) LO-182 966 993.4 27.4 8.35 5.19 37 2.99 4.71
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LO-182 1031 1046.2 15.2 4.63 5.26 33 1.46 10.86
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LO-182 1059 1076 17 5.18 0.29 32 2.09 0.24
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4800E (0/-83) LO-188 882.2 890.1 7.9 2.41 0.55 42 2.32 1.61
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LO-188 933.4 1013.8 80.4 24.51 3.63 37 1.59 0.5
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incl. 963.6 1003 39.4 12.01 4.54 46 2.41 0.73
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4800E (0/-83) LO-189 803.7 858.8 55.1 16.79 3.26 53 2.4 4.89
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incl. 836.5 852.8 16.3 4.97 9.94 139 4.87 15.42
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LO-189 936 943 7 2.13 2.6 65 2.3 2.68
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4600E (0/-76) LO-191 1113.2 1121.3 8.1 2.47 3.12 15 0.57 7.92
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True widths of intersections range from 85 to 100% of reported widths.


About the Niblack Drill Program

Initial drilling during the 2007 surface program has focused on expanding the South Lookout Zone, which is located several hundred feet south and parallel to massive sulphide of the main Lookout Zone trend. Additional drilling has focused on other targets on the property including the Dama Zone and the Trio Zone.

Combined with 2006 drill holes, the South Lookout Zone has now been drilled over a plunge length of 200 metres (600 feet), and has an average dip extent on north-south sections of 75 metres (200 feet). Since discovery in late 2006, a total of 10 holes have intersected the zone. The average of all 2006 and 2007 mineralized intersections is 8.31 metres (27.3 feet) grading 2.96 g/t gold, 46 g/t silver, 2.58% copper, and 3.64% zinc. Excluding three intersections from near the edges of the zone that are either below 2% copper equivalent or less than 6 feet in width, the average is 9.77 metres (32.1 feet) grading 3.38 g/t gold, 53 g/t silver, 2.86% copper, and 4.46% zinc. Intersections from historic drilling to both the northeast and southwest suggest a total plunge length of over 400 metres (1,300 feet) and good potential for further expansion (Figures 1 and 2). Sections and plan maps illustrating the extent of the zone are posted on the Company's website (www.niblackmining.com).

The 2007 surface drill program is now complete, with assay results available for seven of seventeen holes. Results for the remaining ten holes will be released as they come available. In addition to the surface exploration, the Lookout Zone is the focus of a major year round underground exploration program that includes approximately 6,000 feet of tunnelling and 30,000 feet of underground drilling over the next twelve to eighteen months.

About the Company

Niblack Mining Corp. is a mineral exploration company engaged in advanced stage exploration of the copper-zinc-gold-silver Niblack volcanogenic massive sulphide (VMS) property located on Prince of Wales Island in southeast Alaska. The Company is carrying out underground and surface exploration programs that are designed to expand the Lookout Zone at depth. The Niblack property has excellent exploration potential and is particularly attractive due to its high precious metals content and year round tidewater access.

A rigorous quality control and quality assurance protocol is utilized on the project including blank, duplicate and reference samples with each batch of assays. All samples were analyzed by fire assay and ICP at ALS Chemex Labs in Vancouver, B.C., Canada. Darwin Green, Vice President of Exploration for Niblack Mining Corp., is the Qualified Person for this exploration project.

To find out more about Niblack Mining Corp (TSX VENTURE:NIB), visit our website at www.niblackmining.com.

ON BEHALF OF THE BOARD OF NIBLACK MINING CORP.

Paddy Nicol, MBA, President

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.

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