Cloudbreak Resources Ltd.

Cloudbreak Resources Ltd.

June 16, 2009 03:01 ET

Cloudbreak Acquires Yukon Property Adjoining Underworld's White Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2009) - Cloudbreak Resources Ltd. (TSX VENTURE:CDB)(PINK SHEETS:CUDBF)(FRANKFURT:C6K) (the "Company") announces it has acquired lode Quartz mineral claims in the Yukon, located adjacent to the White Gold Property held by Underworld Resources. The Cloudbreak Claims are located directly to the east of the Underworld Resources Inc., Cathy 146 and Cathy 144 Quartz mineral claims and approximately 4 km from Underworlds recently announced (May 26, 2009) discovery of 103 meters of 3.4 g/t Au. The property is attached to Alix Resources property which was announced Thursday June 11, 2009. Underworld is exploring sediment and vein-hosted gold targets at the 169 sq km (845 claim) White Gold property. Cloudbreak's approximate 500 hectare and Alix's property has now been completely surrounded by Underworld staking. GSC mapping by Gordey and Ryan, indicates that the Cloudbreak claims appear to be underlain by similar metasedimentary stratigraphy as the Underworld White Gold property.

Cloudbreak will pay the vendor Blair Naughty, $75,000. cash, 1,250,000 shares of Cloudbreak plus a 3% NSR with an option to buy back 1% of the NSR for $1,000,000. The Company also agrees to spend $250,000 over the next 12 months as a work commitment. This transaction is subject to TSX Venture approval.

This news release has been prepared on behalf of the Cloudbreak Resources Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Marvin A. Mitchell, P.Eng, a qualified person as defined by National Instrument 43-101.


Richard Macey, President & Director

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information

  • Cloudbreak Resources Ltd.
    Rich Macey
    (604) 669-0401
    Cloudbreak Resources Ltd.
    Craig Naughty
    (604) 669-0401
    (604) 669-0414 (FAX)