Grande Portage Resources Ltd.
TSX VENTURE : GPG

Grande Portage Resources Ltd.

July 17, 2007 16:00 ET

Grande Portage Resources Hires Investor Relations Firm

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - Grande Portage Resources Ltd. (TSX VENTURE:GPG) ("Grande Portage" or "the Company") is pleased to announce that it has retained Ascenta Capital Partners Inc. ("Ascenta") of Vancouver, B.C. to provide investor relations services.

Ascenta will receive a monthly retainer of $6,000 for a 12-month term subject to termination of the agreement by either party with 30 days written notice. Grande Portage will also issue as compensation to Ascenta 450,000 incentive stock options, of which 250,000 are exercisable at $0.45 per share and 200,000 are exercisable at $0.70 per share for a period of 5 years from the date of grant. The options granted will vest in accordance with the TSX Venture Exchange's guidelines and the Grande Portage's stock option plan. This agreement is subject to regulatory approval.

The Company also wishes to announce that it has granted incentive stock options to a Consultant to purchase up to a total 100,000 common shares at an exercise price of $0.45 per share for a period of 5 years from the date of grant.

About Ascenta Capital Partners Inc.

Ascenta is a leading provider of outsourced investor relations services to public companies in Canada. Since 2000, Ascenta has been developing and executing strategic, customized investor relations programs and services for small and mid-cap Canadian public companies.

About Grande Portage Resources Ltd.

Grande Portage Resources Ltd. is a mineral exploration and development company focused on massive sulphide exploration in British Columbia. Grande Portage is operated by experienced managers and professionals who have been effective in discovery, mine development, and mining operations throughout North and South America, Africa, Europe, and Central Asia.

ON BEHALF OF THE BOARD OF DIRECTORS

Alistair MacLennan, Chairman

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

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

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