Journey Resources Corp.
TSX VENTURE : JNY
FRANKFURT : JL4

Journey Resources Corp.

April 24, 2007 17:22 ET

Journey Announces Closing of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 24, 2007) - Journey Resources Corp. (TSX VENTURE:JNY) (FRANKFURT:JL4) (the "Company") is pleased to announce that, subject to final acceptance of the TSX Venture Exchange, it has closed a non-brokered private placement of 2,801,430 Units at a price of $0.35 per Unit for total proceeds of $980,500 (see news release dated on March 30, 2007).

Each Unit is comprised of one common share and one share purchase warrant. Each warrant is exercisable to purchase one common share at an exercise price of $0.55 for a period of two years from the date of closing. All of the securities issued under the private placement will have a 4 month hold period expiring August 24, 2007.

Of the 2,801,430 Units sold, directors and officers of the Company purchased 650,000 Units under the private placement for contributed proceeds of $227,500.

Finders fees are payable in the amount of 8% of gross proceeds, excluding those proceeds raised from insiders of the Company. In addition, non-transferable warrants are being issued entitling the purchase of 8% of the number of Units sold under the private placement, excluding the Units purchased by directors and officers, at a price of $0.55 per Unit for a two-year period from the date of closing.

The Company will use the proceeds from this private placement for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS

JATINDER (JACK) BAL, Director

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

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