Prominex Resource Corp.
TSX VENTURE : PXR

Prominex Resource Corp.

December 22, 2006 09:00 ET

Prominex to Retain Roscoe Postle Associates for Tulks Hill Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 22, 2006) -

Mr. Lorne King reports:

Prominex Resource Corp. (TSX VENTURE:PXR) announced today that the Company is engaging the services of Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA", www.rpacan.com), geological and mining consultants, of Toronto to prepare an Independent Technical Report on its Tulks Hill advanced exploration project located near Buchans, NL.

In 1980's, Asarco identified 4 lenses on the property and reported an inferred resource of 703,000 tonnes grading 5.5% zinc, 2.1% lead, 1.1% copper, 45 g/t silver and 0.4 g/t gold. During 1997 and 1998, United Bolero Development Corp. took a 2.0 tonne underground bulk sample at the bottom of the T-3 lens and had metallurgical testing performed by Lakefield Research Ltd. who reported 6.28% zinc, 4.98% lead, 2.36% copper, 60.8 g/t silver and 6.74 g/t gold. Asarco had reported an inferred resource in the T-3 lens of 284,000 tonnes grading 6.43% zinc, 2.87% lead, 1.20% copper, 51 g/t silver, and 6.74 g/t gold.

During its fall 2006 drill program, Prominex intersected mineralized sections of the T-3 lens on 7 of its drill holes. On four of these, intersections included 2.1% Zinc/1.0% Copper over 10.3 m (including 4.3% Zinc over 4.0 m); 13.5% Zinc over 4.6 m; 9.3% Zinc/1.0% Copper over 6.1 m; and 8.3% Zinc over 13.0 m.

The historical resource estimates and grades quoted herein are based on data and reports that were prepared by previous operators. The Company is not treating the mineral resource estimates as NI 43-101 compliant resources verified by a Qualified Person. The Company cautions the reader that it has not completed the work necessary to verify the classification of the mineral resource estimates and that the historical estimates should not be relied upon.

Scott Wilson RPA will review, analyze, and interpret all data to focus on four aspects of the report, namely:

1. Review previous exploration results and the historical resource estimate of the T-3 lens by Asarco;

2. Prepare a 43-101 compliant resource estimate and report on the T-3 lens;

3. Identify drill targets and other exploration activities on the other lenses, as required; and

4. Carry out a 43-101 compliant resource estimate report on the total property.

For more information on Scott Wilson RPA, please visit: www.rpacan.com.

The company is earning a 51% interest in the property from Buchans River Inc. (TSX VENTURE:BUV).

ON BEHALF OF THE BOARD OF DIRECTORS:

Lorne King,President and CEO

We seek Safe Harbour.

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

Contact Information

  • Prominex Resource Corp.
    Lorne King
    (604) 257-3604 or 1-800-404-0833
    or
    Prominex Resource Corp.
    Allen Rose
    (604) 257-3604 or 1-800-404-0833
    Email: info@prominex.ca
    Website: www.prominex.ca