Logan Resources Ltd.
TSX VENTURE : LGR

Logan Resources Ltd.

January 25, 2012 08:30 ET

Logan Completes 2011 Work Program at Redford

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2012) - Logan Resources Ltd. (TSX VENTURE:LGR) ("Logan") is pleased to announce the successful completion of its 2011 drilling program on the Redford Iron Ore Property located on Vancouver Island, British Columbia. Ridgemont Iron Ore Corp. (TSX VENTURE:RDG) ("Ridgemont") is the operator of the Project and has an option to acquire up to 75% interest in the Project. The program consisted of 62 diamond drill holes, totaling 10,282 metres, as well as ground geophysical surveys and a reconnaissance program. Results from this 2011 program, including the final set of 22 holes, are currently being evaluated in order to plan and budget for the next phase.

Highlights from this most recent set of results include:

Drill Hole From
(metres)
To
(metres)
Interval
(metres)
Magnetite
Iron %
RD11-46 145 155 10 45.7
RD11-47 77 88 11 58.5
RD11-50 24.4 34 9.6 47.7
RD11-58 46 65 19 51.0
RD11-59 57 65 8 50.1
RD11-61 49 56 7 51.1

Seamus Young, President and CEO of Logan, stated, "We are quite pleased with the results from the 2011 program. Significant mineralization has been identified several hundred metres east of the old Noranda pit, with indications of additional mineralization elsewhere on the property. All of this information will be reviewed as we plan our next steps."

True widths of the reported intercepts vary depending on the angle of the individual drill holes and are estimated to be between 65% and 98% of the core interval as reported. All samples were prepared from sawn HQ-sized half-core sections on site on Vancouver Island. Split drill core samples are then sent to an independent contractor, Acme Analytical Laboratories in Vancouver, British Columbia, for analyses. The magnetic iron component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program.

Complete assay highlights with drill plan maps and sections are posted on the Logan website at: http://loganresources.ca/index.php/redford.

The Redford Property is host to the former producing Brynnor iron deposit. Noranda Exploration Ltd. mined the near surface portion of the iron ore body in the 1960s and produced 4,480,940 tonnes at 56% iron. The mine was closed in 1968 at the expiration of the concentrate sales contract with Japanese steel makers, however, the underground extension of the ore body was never mined.

Adrian Bray, P.Geo., Director of Logan and a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information contained in this news release.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.

On behalf of the Board

Seamus Young, President & CEO

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the exploration potential of the Redford Property are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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