Freewest Resources Canada Inc.
TSX VENTURE : FWR

Freewest Resources Canada Inc.

May 30, 2006 12:36 ET

Freewest and Geodex Announce a Joint Venture to Explore the Harry Brook Gold Belt in New Brunswick

MONTREAL, QUEBEC--(CCNMatthews - May 30, 2006) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc., (the "Company") (TSX VENTURE:FWR) is pleased to announce that the Company and Geodex Minerals Ltd. ("Geodex") (TSX VENTURE:GXM) have formed a joint venture to explore the Harry Brook gold belt in New Brunswick. The two companies have combined their land positions to form a composite claim block in the area comprising a total of 161 claims. The claims lie in south-central New Brunswick approximately 20 km northwest of the town of Sussex.

The companies have agreed to combine their operations and expertise on a 50:50 basis to explore the combined claim block more thoroughly and effectively. Geodex will be initially designated operator and will organize activities from its Fredericton office, although it is anticipated that work will be contributed by both exploration teams. Geodex agrees to solely fund approved expenditures to match current expenditures by Freewest, at which point contributions will become equal.

The Harry Brook area is a relatively poorly-explored and overburden-covered region which lies on a series of north-easterly oriented regional faults 20 km to the northeast of several gold occurrences in the Annidale belt and 10 km northeast of gold occurrences near Marrtown. The Harry Brook region came into prominence when the provincial Department of Natural Resources, in a September 2005 special release, announced the discovery during routine fieldwork of a bonanza-grade quartz boulder on Harry brook, downstream from one of the highest stream sediment gold anomalies in the area. They reported that a sample containing visible gold yielded 1,320 grams per tonne gold (38.5 ounces per tonne), the highest grade of gold ever recorded in New Brunswick.

The combined mineral claim package straddles the contact between uplifted Neoproterozoic to early Cambrian basement rocks of the Belleisle Bay Group and a thin, unconformable cover of Carboniferous sediments of the Minto and Shin Formations. Faulted contacts between basement units are likely to be the source of the gold-bearing quartz veins which have given rise to the boulder, although no exact source has to date been identified.

The companies plan a program of till sampling, soil sampling, prospecting and geophysics across the claims in an effort to locate the bedrock source of the gold-bearing boulder.

J.Marr, M.Sc., P.Geo wrote this News Release and will be the QP for this project in relation to N.I. 43-101.

Freewest is a well-funded mineral exploration company exploring for gold, base-metals and uranium within Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

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

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