Jourdan Resources Inc.
TSX VENTURE : JOR

Jourdan Resources Inc.

November 24, 2011 07:00 ET

Jourdan Reports Assays With 7.90% and 6.19% P2O5 Beyond Historical Mineralized Zones at Dissimieux Lake Phosphate Project Confirming the Extension of the Extensive Phosphate Mineralization

MONTREAL, CANADA--(Marketwire - Nov. 24, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

  • Higher grade phosphate mineralization from prospecting identified 5,500 m southeast of historical mineralized zone on new claims announced November 22, 2011

  • Highest phosphate assays from current sampling are 7.90% and 6.19% P2O5 from the new claim blocks announced on November 22, 2011

JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to announce that it has received the second batch of assay results from prospecting and mapping on its Dissimieux Lake Phosphate Project including results as high a 7.90 and 6.19% P2O5. More than 70 assay results are still pending at ASL Minerals, of Vancouver, BC, and will be released as they are received by the Company.

Samples results received to date cover approximately 14 km of strike length. Assay results from areas within the new claims exceed expectation based on historical work on the claims. The area east of historical mineralization on the original claim block provides additional areas to target by drilling for near surface phosphate mineralization, with the potential to have multiple parallel zones of phosphate mineralization, as well as the potential for higher grade phosphate mineralization as demonstrated in the results from this release.

The highest assay reports 7.90% P2O5 from sample J413055, taken approximately 5.5 km southeast of the area of historical mineralization. This new zone of phosphate mineralization likely continues approximately 3km southwest in samples J413017, J413018 and J413019.

Sample J413042 reports 6.19% P2O5 from what appears to be another parallel mineralized structure approximately 3 km east of the historical mineralization and likely includes the zone encountered in samples J413043 through J413047 which are approximately 2 km southwest of sample J413042.

"These new high grade phosphate results indicate what appear to be long parallel zones to the historical mineralization. These results, along with the success of extending the historical mineralization, are encouraging and, I believe, demonstrate that the Dissimieux Lake Phosphate Property has real potential to become a major phosphate asset along the North Shore, and potentially larger than other well known deposits in the region, including the Arnaud Mine at Sept Isles located approximately 200 km east of the Dissimieux Lake Phosphate Property, and Paul Lake located approximately 70 km due west of the Dissimieux Lake Phosphate Property", states Jourdan President and CEO Michael Dehn.

A table of results received is presented below:

Sample *Northing *Easting % P2O5 % TiO2 % Fe2O3 **Claim Block
J413000 5517003 444637 0.26 4.54 21.60 New
J413001 5517273 446761 0.42 1.42 16.50 New
J413017 5515372 446965 0.09 0.28 4.07 New
J413018 5515487 446674 1.46 2.27 14.55 New
J413019 5515482 446655 3.07 5.64 33.60 New
J413020 5515689 445647 0.74 2.54 16.25 New
J413021 5515844 445239 0.09 0.60 7.14 New
J413022 5516937 443439 0.29 0.81 12.35 New
J413038 5525912 448835 0.01 0.11 10.75 Recent
J413039 5525146 448179 0.01 0.10 4.04 Recent
J413041 5522998 449382 0.17 0.61 4.15 New
J413042 5522416 448729 6.19 3.00 28.80 New
J413043 5520976 447529 3.71 5.26 21.40 New
J413044 5520853 447161 0.55 3.36 18.40 New
J413045 5520853 447150 2.16 3.70 20.60 New
J413046 5520798 447087 0.23 1.69 15.50 New
J413047 5520798 447063 0.19 1.04 8.26 New
J413048 5521152 446515 0.14 1.08 11.55 Recent
J413049 5521359 446469 1.23 2.73 20.50 Recent
J413050 5521566 446030 1.58 7.81 44.90 Recent
J413051 5521570 446033 1.22 7.25 43.10 Recent
J413052 5521577 446065 0.51 1.66 14.85 Recent
J413053 5521622 446348 0.25 1.15 14.00 Recent
J413054 5518245 447973 0.15 1.02 7.51 New
J413055 5517596 448353 7.90 4.76 28.30 New
J413057 5526136 446089 0.04 0.45 9.13 Recent
J413058 5514749 442975 0.46 2.34 16.30 Recent
J413059 5514747 442960 0.19 1.52 14.55 Recent
J413060 5514963 441234 0.03 3.97 19.10 Recent
J413061 5514966 441257 0.00 3.06 17.15 Recent
J413062 5515154 441064 0.03 3.52 20.60 Recent
*UTM NAD 83 Zone 19
** New refers to claims announced on November 22, 2011 Press release
**Recent refers to claims announced on November 7, 2011 Press release

A map showing the location of samples relative to claims and topography is available at: http://64.64.12.20/~jourdan/20111124.pdf

Quality assurance / Quality Control ("QA/QC")

Surface grab samples averaging 1 kilogram each were taken by qualified personnel from JOURDAN under the supervision of Jean Lafleur, M.Sc., P. Geo. Samples were bagged, sealed and numbered on-site, and delivered to the ALS Laboratory Group facility in Val-d'Or (Quebec) for analysis using the ME-ICP06 Method. At the laboratory facility, samples were inventoried, weighed and dried; crushed 70% to under 2 millimetres; riffled split with a 250 gram sub-sample pulverized 85% to under 75 microns; then followed by analysis.

The technical information in this news release was approved by Mr. Jean Lafleur, M. Sc. P. Geo, a Consultant to Jourdan Resources, who is a Qualified Person under NI 43-101 regulations.

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in phosphates and Rare Metals or High Technology Metals ("HTMs") sectors of eastern Canada. The Company's properties are currently at the exploration stage and are located along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec.

Please visit the Company's website at www.jourdan.ca

Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.

Neither the 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.

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