Cloudbreak Resources Ltd.
TSX VENTURE : CDB
FRANKFURT : C6K
PINK SHEETS : CUDBD

Cloudbreak Resources Ltd.

March 24, 2009 03:01 ET

Cloudbreak Applies for Coal Drill Permits in Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2009) - Cloudbreak Resources Ltd. (the "Company") (TSX VENTURE:CDB)(PINK SHEETS:CUDBF)(FRANKFURT:C6K) reports that it has engaged Paul D. Gray Geological Consulting of Vancouver, BC, to initiate the drill permitting process on its behalf with Saskatchewan Ministry of Environment for the drill testing of each of the Company's six (6) Saskatchewan Coal Projects. The first notice of intent and drill permit application has been completed and was filed with the Ministry. The current drill permit application targets the Company's "Dowd Lake Coal Property", and provides for the drilling of up to 40 coal exploration test holes. Each of the planned holes is targeted to test the Certaceous Mannville Formation's near surface expression. The "Dowd Lake Coal Property" is comprised of a total of 96 Coal Prospecting Permits covering approximately 182,000 acres of prospective coal bearing lithologies issued to the Company by the Saskatchewan government.

The Company has identified four distinct exploration target zones on the large "Dowd Lake Coal Property" for drill testing. The primary target area is the historically reported (Golconda Resources, 2000) "145 meter coal property" (see press release dated February 12, 2009). This target area is immediately adjacent to Goldsource's "Ballantyne Property". The second exploration target area lies north of the "Ballantyne Property" and south of Wapawekka Lake, and the third target area lies west of the "Ballantyne Property" and south of Wapawekka Lake. A fourth target area lies on the extreme west of the "Dowd Lake Coal Property" and is focused on expanding a reported 1993 Consolidated Pine Channel coal intercept (see press release dated February 12, 2009).

The proposed drill holes are located entirely within areas of existing disturbance and with available access. The Company feels such an approach will ensure that only minimal environmental impact will be incurred from this first phase drilling program and will allow for a fast-tracked permitting process. The drill holes will be more than sufficient for a Phase I property assessment and will guide all subsequent Property exploration. A map detailing the general location of the proposed drill holes will be made available shortly on the Company's website.

The "Dowd Lake Coal Property" was deemed a strong drill target area, and given first priority on permitting following a detailed analysis by the Company's geological team. Preliminary drill location determination for the Company's remaining five properties has now commenced, the results of which, and subsequent permit applications, are expected shortly.

To date, the bulk of the Company's coal permit applications have been processed by the Saskatchewan government. The "Company" has secured coal exploration permits for a total of 21 full or partial townships (approximately 475,000 acres) in Saskatchewan. This makes the company one of the largest coal disposition landholders in the area.

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.

ON BEHALF OF THE BOARD

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
    or
    Cloudbreak Resources Ltd.
    Craig Naughty
    (604) 669-0401
    (604) 669-0414 (FAX)
    Website: www.cloudbreakresources.com