Logan Resources Ltd.

Logan Resources Ltd.

December 06, 2006 09:13 ET

Logan Resources Acquires May Creek Silver Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 6, 2006) - Logan Resources Ltd. (TSX VENTURE:LGR)(PINK SHEETS:LGREF) today announced that it has entered into an option agreement with Shawn Ryan of Dawson City, Yukon Territory (the "Agreement"), whereby the Company has been granted an option to acquire a 100% interest in a mineral property consisting of 84 mineral claims, known as the May Creek Project. It is located in the Mayo Mining District of the Yukon Territory, 45 km west-northwest of the community of Mayo. Access to the property is via bulldozer trail system, which connects the property to the highway linking the community of Mayo to Whitehorse.

The property was discovered in 1922. It was originally explored as a silver project although exploration over the years has identified multiple targets prospective for gold, copper, lead, zinc and silver. There is significant exposure of surface mineralization and trenching as well as numerous accounts of silver and gold assays from trenches and float over the entire property. The property has never been drilled. Logan Resources intends to conduct a thorough evaluation of the property during the 2007 exploration season and will verify existing showings and historical assays.

The May Creek property covers what is believed to be a precious metal system associated with a Tombstone Intrusion. Numerous geochemical surveys have been conducted on the property. The most recent extended the soil geochemical analysis and provided additional coverage of the trenches. The results of this work indicate a Skarn-type deposit with aureoles of gold, silver, copper, and zinc mineralization extending over numerous kilometers. Larry LeBel, P.Eng, has been engaged to author a NI 43-101 on the property. Mr. LeBel visited the property in September 2006 to conduct a preliminary assessment.

"We are pleased to add this prospective property to our growing portfolio of Canadian exploration projects. We originally acquired the property for its outstanding silver potential. However, our geological compilation has since identified the potential for a base metal environment in addition to the precious metals. We look forward to being the first company to drill the ground and uncover its potential," said Seamus Young, President and CEO.

Under the terms of the Agreement, in order to exercise the option the Company must pay the sum of $225,000, issue 750,000 common shares and incur $500,000 of exploration work on the property over a period of five years. The owner has retained a 2% net smelter return royalty, one-half of which may be purchased by the Company for the sum of $1,000,000. 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. For more information on the property portfolio 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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