Southampton Ventures Inc.

Southampton Ventures Inc.

February 26, 2008 08:00 ET

Southampton to Commence an Airborne Geophysical Survey Over Cu-Ni-PGE Targets on the Lake Horden Project, North of Tamagami, Quebec

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2008) - Southampton Ventures Inc. (TSX VENTURE:SV) ("Southampton") is pleased to report that an airborne geophysical survey has begun on its 95% owned Horden Lake Deposit and its recently staked 87 pending claims (11,654 acres) , located to the north of Southampton's Cu-Ni-PGE project. The Horden Lake Property is located approximately 200 km northwest of Matagami, Quebec. Southampton has engaged the services of Fugro Airborne Surveys to fly a helicopter-borne electromagnetic and magnetic survey using Fugro's HeliGEOTEM® system over Southampton's Horden Lake Property.

Southampton chose the HeliGEOTEM system, which brings together the proven GEOTEM/MEGATEM technology with the greater operational flexibility and improved lateral resolution of helicopter-mounted EM systems. HeliGEOTEM has the advantage of excellent depth penetration, better conductor resolution, shorter survey time and a 40% cost saving over available ground systems. This survey will allow ground follow-up later this season consisting of geological ground-truthing and mapping, which will facilitate a prioritization of drill targets for the upcoming summer season.

The survey will be flown at 100m flight line intervals and will encompass approximately 554 line kilometres in and around the Horden Lake Project. Fugro Airborne Surveys will fly the survey using the HeliGEOTEM system.

Currently, mineralization in Horden Lake appears to be primary magmatic intrusions with local remobilization along contact zones. There appears to be two distinct varieties of mineralization:

-The first style of mineralization is disseminated to pyrrhotite plus chalcopyrite, prominent in but not restricted to the medium to coarse-grained gabbro unit but also in a vari-textured gabbro unit.

-The second style of mineralization ranges from large blebs to fine disseminations of chalcopyrite and pyrhotite along shear zones.

Selection of the new claims and permits was based on favorable geological and geophysical signatures and/or known mineralization. The current airborne geophysics survey was commissioned to detect potential electromagnetic conductors that may be present on the properties and this program will be completed under the supervision of Mr. Iain Kelso, P.Geo., a geologist with Caracle Creek International Consulting Inc. and Qualified Person under NI 43-101.


Southampton is a mineral exploration company focused on the acquisition and growth of base metals and rare earth metals projects. It is committed to actively developing these projects into mature ore bodies ready for development by an operator. Its current projects include its Horden Lake Copper-Nickel-PGE Deposit in Quebec; its option to earn up to a 100% interest in the Devonian shale hosted nickel-molybdenum-zinc-platinum group elements property known as the NiMo Project located in the Yukon, the Company's recent option on 12 claim blocks (6720 acres) with Noront on a mineral rich property in the McFaulds Lake 'Ring of Fire' 25 kilometres Northeast of the Eagle One Discovery and its Nigerien uranium concessions. Southampton's assets show strong potential and have the support of some of Canada's strongest fundamental resource investors.

Caution Regarding Forward-Looking Statements From time to time, Southampton makes written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbor" provisions of the Ontario Securities Act and the United States Private Securities Litigation Reform Act of 1995. Southampton may make such statements in this press release, in other filings with Canadian regulators or the United States Securities and Exchange Commission, in reports to shareholders or in other communications. These forward-looking statements include, among others, statements with respect to Southampton's objectives for the ensuing year, our medium and long-term goals, and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "suspect," "outlook," "believe," "plan," "anticipate," "estimate," "expect," "intend," and words and expressions of similar import are intended to identify forward-looking statements. In particular, statements regarding Southampton's future operations, future exploration and development activities or other development plans contain forward-looking statements. All forward-looking statements and information are based on Southampton's current beliefs as well as assumptions made by and information currently available to Southampton concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, developments in world gold markets, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration results and changing budget priorities of Southampton or its joint venture partners; the effects of competition in the markets in which Southampton operates; the impact of changes in the laws and regulations regulating mining exploration and development; judicial or regulatory judgments and legal proceedings; operational and infrastructure risks and the additional risks described in Southampton's most recently filed annual and interim MD&A and Southampton's anticipation of and success in managing the foregoing risks.

Southampton cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Southampton, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Southampton does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Southampton or on our behalf.

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

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