Logan Resources Ltd.

Logan Resources Ltd.

April 16, 2007 09:25 ET

Logan Resources Acquires Englishman Uranium Project, Yukon

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) - Logan Resources Ltd. (TSX VENTURE:LGR)(PINK SHEETS:LGREF) today announced that it has entered into an option agreement with 37999 Yukon Inc. of Whitehorse, Yukon Territory (the "Agreement"), whereby the Company has been granted an option to acquire a 100% interest (subject to a 2% NSR) in a uranium mineral exploration property, known as the Englishman property. The property, which consists of 16 mineral claims covering 826 acres (334.5 hectares), is located in the Watson Lake Mining District of the Yukon Territory, 160 km east of Whitehorse and 60 km northeast of Teslin.

"The uranium mineralization discovered to date is secondary and inferred to be structurally controlled. Streams draining the property are highly anomalous for uranium but the bedrock source has not been located making this a very attractive exploration target," said Mike Hibbitts, P.Geo, Vice President-Exploration.

The property was originally staked as the ABBA claims by Urangesellschaft and Eldorado Nuclear in 1978-1979 during follow up to a regional reconnaissance radiometric survey conducted by the company. Detailed airborne and ground radiometric surveys, mapping and sampling were conducted by Urangesellschaft in 1979. Sampling by Urangesellschaft identified widespread stream silt uranium anomalies with silt samples returning values to 5280 ppm (0.528%) uranium and bedrock samples up to 900 ppm (0.09%) uranium with anomalous lead and molybdenum. In the same year, Eldorado Nuclear added a large block of claims to the south and conducted mapping, radiometric surveying and geochemical sampling. With the collapse of the uranium market, interest waned and the claims were allowed to lapse. In 1985, the GSC conducted a regional stream silt sampling program of the Yukon. The highest uranium value 481 ppm (0.0481%) recovered for the entire program was found on this property.

"This prospective uranium project is a tremendous addition to our growing portfolio of Canadian projects," said Seamus Young, President and CEO. "We intend to conduct a thorough evaluation of the property during the 2007 exploration season," he added.

Under the terms of the Agreement, in order to exercise the option the Company must pay the sum of $50,000, issue 250,000 common shares, and incur $350,000 of exploration work on the property over a period of three years. The owner has retained a 2% net smelter return royalty, one-half (or 1%) of which may be purchased by the Company for the sum of $2,000,000. The Company holds a right of first refusal on the balance of the royalty. The Agreement is subject to the acceptance of the TSX Venture Exchange.

Michael Hibbitts, P. Geo, Vice President Exploration is the Qualified Person for this property.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties prospective for precious metals, base metals and uranium. It has an exceptional property portfolio with discovery potential. For more information on the projects and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.


Seamus Young, President and CEO

Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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