Curlew Lake Resources Inc.

Curlew Lake Resources Inc.

October 24, 2006 08:00 ET

Curlew Lake Resources Inc. is Pleased to Announce the Acquisition of an Additional 19 Mineral Claims

LANGLEY, BRITISH COLUMBIA--(CCNMatthews - Oct. 24, 2006) - Curlew Lake Resources Inc.(TSX VENTURE:CWQ)(PINK SHEETS:CWLXF) is pleased to announce the acquisition of an additional 19 mineral claims (about 1000 acres) adjoining its 98 unit Typhoon Gold property to the west. These new claims are accessible, as is the Typhoon property, by the Barlow Dome Road, a gravel road that runs along the ridge on the north side of Clear Creek from the North Klondike Highway near Barlow Lake, for approximately 20 kms to the property.

Terms of the purchase were $10,000 down (paid), $20,000 in further cash payments over the next 2 years, and 200,000 shares of Curlew Lake, subject to regulatory approval. Curlew Lake is required to complete a work program at a cost of not less that $60,000 over the next 3 years. The Vendor, Xennex Development Corporation, will retain a 2% NSR Royalty, which may be purchased at any time by Curlew Lake for $1 million for each 1%.

Additionally Curlew Lake has been forced to cancel the remainder of this year's program due to weather conditions. However our consultants, Aurora Geosciences Ltd of Whitehorse, Yukon were able to complete a ground magnetic survey over the western portion of our claims. This survey showed a very large magnetic anomaly, which went to our western border and beyond, tying in to a magnetic and geochemical survey completed on the claims we have now acquired. This information is now on the Corporate website under the Clear Creek operations section titled Typhoon Gold Property Geophysical Analysis 2006 (Land Acquisition) & Typhoon Gold Property Geochemical Analysis 2006 (Land Acquisition). This property appears to hold an extension of the anomaly on our claims, as well as moderate to highly anomalous gold and arsenic geochemistry.

The Typhoon Gold Property held by the Company now consists of 117 claim units; with at least 2 indicated gold intrusive bodies, one of which has established drill targets. Exploration plans for 2007 have been greatly expanded, to include further detailed geochemistry, an Induced Polarization survey, and an extensive geological mapping and diamond-drilling program. The Company will endeavour to have men and equipment available to start work as soon as weather conditions permit in 2007. Details will be announced as they become available.

On Behalf of the

Board of Directors

Robert B. Pincombe, President

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

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