Britannica Resources Corp.
TSX VENTURE : BRR

Britannica Resources Corp.

August 21, 2007 08:44 ET

Britannica Completes Two NI 43-101 Technical Reports

VAL D'OR, QUEBEC--(Marketwire - Aug. 21, 2007) - Britannica Resources Corp. (TSX VENTURE:BRR) (The "Company") is pleased to announce that it has completed and filed on SEDAR(www.sedar.com) two NI 43-101 compliant technical reports on the McKenzie Break property and the Revillard Project which includes the mining property under option from JAG.

The McKenzie Break property historical resource estimates (Placer1991) were appropriate for detailed work completed at the time, before enactment of NI-43-101. Inferred resources based on the work completed by Placer Dome are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized. Further detailed diamond drilling by Western Quebec Mines within the higher-grade section of the Placer Dome "mineral inventory", confirmed the continuity of the mineralized structures on a 30-meter drilling pattern. Drill indicated probable reserves of 161,348 tonnes grading 10.86 g/t Au, compiled by G. Mannard in 1994, can be classified as current undiluted and in-situ Indicated Resources because even if this resource used estimation practice guidelines prior to May 30th, 2003 (CIMM current and adopted guidelines), he followed parameters similar to current standards for quality assurance (QA) and quality control (QC) procedures.

Within the NI 43-101 Technical Report on the Revillard Project including the JAG property which located in Malartic township Northwestern Quebec, the following historical estimate have been reviewed by consulting geological engineer C. P. Larouche of Ovalbay Geological Services Inc.

In his May 1988 report to Les Mines JAG, Mr. Falco, geologist, calculated from diamond drilling a "resource" estimated at 78,915 tonnes grading 5.61 g/t Au in the "probable" category with an additional 46,810 tonnes grading 4.96 g/t Au in the "possible" category, for a total "resources" of 125,725 tonnes grading 5.37 g/t Au. These historical "probable" and "possible" categories referred to at the time, would correspond to "Inferred Resources" as per present CIMM standards currently in use.

The author, C.P. Larouche, did not complete an independent estimation of the resources on the JAG property but a detailed evaluation of the methodology and calculation completed by Falco, confirms that the above "historical" resource estimate would conform to a current non-diluted in situ "Inferred Resources". The Company does consider these estimates as relevant, as they were conducted on strict parameters, similar to current standards for Quality Assurance (QA) and Quality Control (QC) procedures.

The information contained in this news release has been compiled, reviewed and verified by C. P. Larouche, Ing., the qualified person to the Company. This news release may contain certain forward looking statements. These statements may involve a number of known risks and uncertainties, typical to mineral exploration and development companies, and other factors that may cause the actual results, level of activities and performance to be materially different from Company's expectation and projection

ON BEHALF OF THE BOARD

Jeffrey A. Cocks, President

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

Contact Information