Outlook Resources Inc.
TSX VENTURE : OLR

Outlook Resources Inc.

September 10, 2007 13:41 ET

Outlook Resources Inc.: Agassiz Aqua Farms Completes Initial Stocking of Ridgeland Grow-Out Facility

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2007) -

Outlook Resources Inc. ("Outlook" or the "Company") (TSX VENTURE:OLR) is pleased to announce it's first "grow-out facility" is now in operation having completed the transfer of 10,000 fingerlings from Agassiz Aqua Farms to the Ridgeland Colony's grow-out farm.

As stated in a previous press release (January 17, 2007) Agassiz Aqua Farms Inc and Ridgeland Colony Ltd have entered a grow-out contract committing both parties to the construction and supply of the Ridgeland Aqua Farm. Based on the results of the business development plan completed the farm will initially be sized at 32 metric tonnes of holding capacity yielding approximately 50 metric tonnes of Arctic char production annually.

The addition of the Ridgeland Colony's aqua farm translates into an increase of production at Agassiz's processing facility of 6,000 kilograms of whole fish or 3,300 kilograms of fresh filleted, Antibiotic Free, Arctic char per month effectively increasing Agassiz's current sales volume by four times, from +1,000 kilograms to +4,000 kilograms a month once the fingerlings, now delivered, reach market size in 5 to 6 months.

Further details will be provided as progress occurs and additional grow-out projects are arranged.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that may involve certain risks and uncertainties, which could cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as productivity of the Company's Aquaculture Operations, changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations matters, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

Contact Information