Southampton Ventures Inc.
TSX VENTURE : SV

Southampton Ventures Inc.

April 25, 2007 10:33 ET

Southampton Provides NiMo Project Update

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) - Southampton Ventures Inc. (TSX VENTURE:SV) ("Southampton") is pleased to announce that further to its February 27, 2007 release, it has completed the definitive agreement with Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") giving Southampton an option to earn an initial 75% of Strategic's 100% interest in the NiMo Project by spending $6 million in exploration by December 31, 2007. Southampton has also issued to Strategic 2,000,000 common shares of Southampton, 1,000,000 common share purchase warrants (which entitled Strategic to acquire one common share of Southampton at an exercise price of $1.25 until March 22, 2009) and reimbursed Strategic's costs relating to the NiMo Project.

As previously released, Southampton can earn the additional 25%, for an aggregate 100% ownership of the NiMo Project subject to a 1% net smelter royalty (NSR) in favour of Strategic, by issuing to Strategic an additional 2,000,000 common shares and 1,000,000 common share purchase warrants, at any time before December 31, 2008. In addition, 200,000 common shares of Southampton were issued to Pacific International Securities Inc. as a finders fee relating to the NiMo Project.

Southampton and Strategic have planned an aggressive 2007 exploration program of prospecting and geological mapping, to be done in conjunction with stratigraphic diamond drilling to establish the presence of sub-basins where thickest mineralization may be present on the NiMo Project properties.

Exploration planning is well underway with compilation of historical exploration results into a modern GIS database. Two diamond drills have been contracted to carry out the 2007 program, which will include 10,000 metres of drilling starting in mid-June. Drilling will begin on the Pe and El properties with initial drill hole spacing at about 250 m along the stratigraphic trace of the mineralized horizon. Once the thickest sections and geological controls have been identified, additional drilling will be carried out down dip to establish potential areas for definition drilling.

The project will be managed by Archer, Cathro & Associates (1981) Ltd., a geological consulting firm with extensive experience in the Yukon, under the direction of Rob Carne, P.Geo, who is the qualified person in
accordance with NI 43-101.

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