Britannica Resources Corp.
TSX VENTURE : BRR
PINK SHEETS : BRRRF

Britannica Resources Corp.

November 07, 2006 11:46 ET

Britannica Resources Corp.: Further Results From New Discovery on Revillard Project

MALARTIC, QUEBEC--(CCNMatthews - Nov. 7, 2006) - Britannica Resources Corp., (TSX VENTURE:BRR)(PINK SHEETS:BRRRF) is pleased to announce further results from its surface copper, gold, silver, zinc discovery on the Revillard option/joint venture agreement (50/50) with Northern Star Mining Corp. (TSX VENTURE:NSM)

A series of grab samples taken along the Kewagama/Blake River group contacts in an intensely altered and iron rich zone returned the following values:



Gold (g/t) Silver (g/t) Copper (ppm) Zinc (ppm)
Rev 296 5.97 4.4 1450 75
Rev 297 0.164 5.6 1875 340
Rev 298 56.1 13.3 2640 1825
Rev 299 5.57 4.5 1605 3140
Rev 300 4.21 8.6 3930 2210
Rev 301 5.70 0.9 52 57

All samples were assayed using a standard AA finish at ALS Chemex in
Val-d'Or, Quebec. Robert Gagnon, P.geol. is the qualified person on the
project.


The Company is very excited by these results, as it has now discovered two surface mineralised structures showing high grade gold results along with copper, silver and zinc values, all at the contact of the Kewagama/Blake River groups.

Britannica made an initial surface gold discovery this past summer over a magnetic high anomaly coincident with a number of induced polarization anomalies.

The magnetic anomaly, reflecting an iron rich altered zone is over 900 meters in length and 300 meters in width and is open in both directions. The anomaly is located on the Kewagama/Blake River contact, one of the best potential geological sections in the area, with the Kewagama sediments to the north and the Blake River basic and felsic volcanics to the south.

The initial discovery revealed an intensely altered and sheared zone consisting of chloritic, ankeritic and silicate alteration and enrichment, with mineralization consisting of pyrite, chalcopyrite and free gold.

The Company undertook further exploration some 300 meters to the northwest and discovered the continuation of the alteration zone, with the added presence of copper mineralization in the form of bornite and malachite as copper bearing minerals.

Assay results previously announced (see press release on Oct. 24) were the as follows:



Gold (g/t) Copper (ppm)
Rev 276 12.60 2,280
Rev 277 1.72 3,550
Rev 278 0.46 901
Rev 279 8.03 3,500
Rev 280 1.19 1,005

All samples were assayed using a standard AA finish at ALS Chemex in
Val-d'Or, Quebec. Robert Gagnon, P.geol. is the qualified person on the
project.


The presence of copper, gold, silver and zinc mineralization within a magnetic high anomaly, coincident with I.P. anomalies and located at the Kewagama/Blake River contact demonstrates the high potential of the property.

Finally Britannica completed on Infini TEM geophysical survey over the discovery areas, and results indicate the presence of a strong conductor, coincident with the magnetic anomaly, which may correspond to massive sulphide mineralization of the VMS type (volcanogenic massive sulphide). A number of discrete IP (induced polarization) anomalies from previous work carried out by Northern Star Mining are also coincident with the above.

The company is very excited by these significant results obtained from the start up of its exploration programs.

The project is located on an important contact horizon (Kewagama/Blake River) which, some 10 km to the west contains the following producing gold and base metal mines: Laronde Agnico Eagle (http://www.agnico-eagle.com/), Bousquet, Doyon and a number of past producing mines including O'Brien, Kewagama, and Cadillac. To the east the past producing Camflo Gold Mines is also located on this horizon.

A Quebec government report states, "...the Eastern Blake River group emphasizes the strong gold potential in these rocks. This also shows that certain areas located very near established mining camps, such as the Doyon-Bousquet-Laronde camp, still remain unexplored," (ref. M.R.N. report 2004 32 D/7).

The Revillard project is a joint venture consisting of 21 claims comprising 880 hectares (see news release March 21, 2006).

The Company also wishes to announce that it has begun planning a diamond drill exploration program on the above discovery zones. Initially the Company is presently scheduling a 15,000 foot drill program to begin upon winter start up.

Exploration continues and further results will be announced as available. The Company's website is www.britannicaresources.com.

ON BEHALF OF THE BOARD

Lee A. Balak, President

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

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