SOURCE: Trade Winds Ventures Inc.

October 16, 2007 06:00 ET

Trade Winds Intersects 2.12 Grams/Tonne Gold Over 8.0 Meters Near Surface Within the M Zone on Block A Property at Detour Lake, Ontario

TIMMINS, ON--(Marketwire - October 16, 2007) - Trade Winds Ventures (TSX-V: TWD) (FRANKFURT: TVR) is pleased to announce final results from its 13,000 meter 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase. The purpose of drilling these four holes, TWDDH-232 & TWDDH-234 on Section 16700E, and TWDDH-226 & TWDDH-230 on Section 16740E, is to determine the continuity of the M Zone structural corridor by infill drilling previous excellent results at a 40 meter spacing. The M Zone ultramafic and numerous other gold bearing structures were intersected in all four holes, with gold mineralization ranging from approximately 12 meters to 346 meters below surface and approximately 40 meters above or below previous drilling on those sections.

In March of 2006, Trade Winds discovered new, near surface mineralization along the M Zone corridor (see news release May 16, 2006). Phase 1 of this winter's drilling was to explore the mineralization of this new zone along a 480 meter strike between sections 15380E and 15860E. Today's results on these two sections represent the completion of the Phase 2 infill drilling of the October 2006 Resource Estimate.

On Section 16700E, diamond drill hole TWDDH-232 returned 3.63 grams/tonne over 1.00 meter, 47.10 grams/tonne over 0.50 meter, and 8.11 grams/tonne gold over 2.00 meters.

Diamond drill hole TWDDH-234 returned 2.12 grams/tonne over 8.00 meters at only 12 meters depth, 5.51 grams/tonne over 3.00 meters and 14.75 grams/tonne over 1.00 meter.

On Section 16740E, diamond drill hole TWDDH-226 returned 61.80 grams/tonne over 1.00 meter, 32.00 grams/tonne over 1.00 meter, and 18.35 grams/tonne over 1.00 meter.

Diamond drill hole TWDDH-230 returned 4.73 grams/tonne over 1.00 meter and 4.71 grams/tonne over 1.00 meter.

Details of significant fire assay results received for recent holes completed on Sections 16700E and 16740E are as follows:

HOLE NAME  FROM    TO       Depth     LENGTH     ASSAY     COMPOSITE
           (m.)   (m.)     Vertical     (m.)    (g/tonne    (g/tonne
                             (m.)                 gold)       gold)
16700E

TWDDH-232     90     91        73        1.00       3.63

          128.73   129.23      105       0.50      47.10
16700E

TWDDH-232

  Continued  155    157        127       2.00                  8.11

  Including 155.65 156.15                0.50      27.30

             166    167        136       1.00       7.70

             172    173        141       1.00       5.62

             226    229        185       3.00                  1.65

TWDDH-234     15     23        12        8.00                  2.12

  Including   19     20                  1.00       5.85

             38.9    40        32        1.10       3.91

              70     71        57        1.00       6.66

              74     77        60        3.00                  5.51

  Including   76     77                  1.00      12.95

              92     93        75        1.00      14.75

            99.02   101        81        1.98                  2.10

             139    142        114       3.00                  2.39

16740E

TWDDH-226     67     68        55        1.00      61.80

              96     97        78        1.00       3.39

             158    159        129       1.00       2.58

             219    220        179       1.00       2.74

             413    414        338       1.00      32.00

             423    424        346       1.00      18.35

TWDDH-230    167    168        136       1.00       3.63

             255    256        209       1.00       2.34

             293    294        240       1.00       4.73

             295    296        242       1.00       4.71

True Width is estimated to be between 65-75% of core length. Drawings for Sections 16700E and 16740E are available on the Company's website www.tradewindsventures.com

Diamond drill hole location and final depths for the M Zone diamond drill program on Sections 16700E and 16740E are as follows:

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Section  Hole #   Northing Easting Azimuth Dip Length (m)

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16700E  TWDDH-232 20549.0  16702.1   180   -55   231.00

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        TWDDH-234 20509.9  16703.2   180   -55   153.00

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16740E  TWDDH-226 20710.6  16738.8   180   -55   427.00

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        TWDDH-230 20670.2  16739.8   180   -55   367.00

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The M Zone structural corridor is a gold bearing structure that begins near surface at the eastern boundary of Block A, and plunges gently westward along strike for over four kilometers on to the immediately adjacent 100% owned Gowest property. Two significant mineralized zones occur along a komatiite structure, the Upper and Lower M Zone gold zones. The near surface and other portions of the M Zone structural corridor drilled to date are the subject of our recent NI 43-101 compliant resource estimate (October 2006). The 2007 M Zone winter drilling program was designed to test the westward near surface extension of the known gold mineralization with the purpose of adding new gold ounces to the resource estimate, and upgrading the current near surface inferred resource to the indicated category.

Golder Associates Ltd. (Golder) was commissioned by Trade Winds to provide an independent Mineral Resource Estimate in conformance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Mineral Resource and Mineral Reserve definitions referred to in the National Instrument NI 43-101, Standards of Disclosure for Mineral Projects. The resource estimation work was completed in October 2006 and is based on information contained within the Technical Report prepared by Golder on Trade Winds' behalf and filed on SEDAR, which, using a cut-off of 1.0 grams/tonne, outlines an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold.

Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects at Detour Lake. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex.

Management is looking to increase shareholder value by working towards the completion of the spin-out of its Tuole Gold/Copper and the Silu Zinc/Lead projects, located in the Peoples Republic of China, to a wholly owned subsidiary. Western China Mining ("WCH") proposes to list on a Canadian stock exchange following an Initial Public Offering (IPO) to fund the development programs for these projects. It is expected that TWD would own approximately 50% of WCH prior to the distribution to shareholders. The assignments have been made, the NI 43-101 reports are completed and signed, and the audit of WCH is underway. Following completion of the audit, the Offering Prospectus will be submitted for initial review by the BCSC, ASC and OSC.

TWD has indicated that it will look at similar spin-out strategies for its other Canadian projects, which include a 60% option in the Birch Lake, Ontario gold project and its 100% interests in the Turner Lake, Nunavut project and its Treasure Mountain copper property and Dardanelles gold property in B.C. These spin-out strategies are being designed to improve the identification and valuation of each specific TWD property and to enable TWD to separately finance and develop its various assets, selectively reducing stock dilution.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ian D. Lambert
CEO/President
(604) 742-2522

Terry McGee
Investor Relations
Toll Free (877) 811-4518 ext 228
(604) 742-2531

Email: info@tradewindsventures.com
Website at www.tradewindsventures.com

This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

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

  • FOR FURTHER INFORMATION PLEASE CONTACT:

    Ian D. Lambert
    CEO/President
    (604) 742-2522

    Terry McGee
    Investor Relations
    Toll Free (877) 811-4518 ext 228
    (604) 742-2531

    Email: Email Contact
    Website at www.tradewindsventures.com

    Trade Winds Ventures
    Suite 300, 1620 West 8th Ave.
    Vancouver, BC
    Canada V6J 1V4

    Trade Winds Ventures
    117 Kent Avenue
    Timmins, ON
    Canada P4N 3B9