Logan Resources Ltd.

Logan Resources Ltd.

November 02, 2006 10:47 ET

Logan Resources Provides Clarification on Carswell Uranium Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2006) - Logan Resources Ltd. (TSX VENTURE:LGR)(PINK SHEETS:LGREF) provides clarification regarding its Carswell uranium project in the Athabasca Basin. ESO Uranium Corp. (ESO) has been actively exploring the property to earn a 50% interest in the claims. Logan refers to its claims as the Carswell project. ESO identifies them as the Gorilla Lake project.

Earlier this year ESO, acting as operator, intersected uranium on Logan's claims in two of eight holes with grades up to 0.823% (see Logan news release - May 10, 2006). The mineralization that has been reported is located in the same geological units as the Cluff Lake deposit. The two claims covering 18,661 acres (7,552 hectares) are located on the Carswell Dome, otherwise known as the Cluff Structure.

"The results from the preliminary drill program were very encouraging and warrant follow up. Logan eagerly anticipates receiving all the geophysical and geological data from ESO so that it can move towards a proposed joint venture agreement," said Seamus Young, President and CEO.

Michael Hibbitts, P. Geo, Vice President Exploration is the Qualified Person for Logan's properties.

The Company will be exhibiting at the New Orleans Investment Conference November 15-19, 2006 at the Marriott Hotel, 555 Canal Street, New Orleans in Booth Number 1009.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing early-stage Canadian mineral properties. It has seven Canadian mineral projects in its portfolio with discovery potential. For more information on the properties 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.

Contact Information