Southampton Ventures Inc.
TSX VENTURE : SV

Southampton Ventures Inc.

March 02, 2009 10:02 ET

Southampton Ventures' Initial Mineral Resource Estimate for Horden Lake Project: 8.8 Million Tonnes @ 0.88% Cu Indicated and 7.8 Million Tonnes @ 0.87% Cu Inferred

TORONTO, ONTARIO--(Marketwire - March 2, 2009) -

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Southampton Ventures (TSX VENTURE:SV) is pleased to announce completion of the first NI 43-101 compliant resource estimate for the Company's Horden Lake Property, located 140 km north of Matagami in Township 1408, James Bay District, Quebec. The estimate was completed by Caracle Creek International Consulting Ltd. (CCIC), an independent geological consulting firm based out of Sudbury, Ontario.

During early 2008, a total of 18,136 metres of core drilling was completed in 73 drill holes on the Horden Lake Claims. Drilling started on January 26, 2008 and was completed on March 19, 2008. The drill holes were systematically spaced 50 metres apart along gridlines perpendicular to the mineralized zone recognized historically by INCO.

A total of 6551 drill core samples were collected and submitted for analysis. Quality control samples (blind standards and blanks) consisted of 10% of the total samples and were also submitted for analysis. Samples were prepared and analyzed using conventional methods by Laboratoire Expert Inc. of Rouyn-Noranda, Quebec and by Activation Laboratories (Actlabs) of Ancaster, Ontario, an ISO accredited laboratory. Laboratoire Expert completed lead fire assay with a direct coupled plasma finish of the precious metals with 5 ppb detection limits for Pt, Pd and Au; Activation Laboratories completed aqua regia digestion and ICP/OES analysis for Cu, Ni, and 29 other elements with 1 ppm detection limits for both Cu and Ni.

This Mineral Resource Estimate was calculated using a database of 95 drill holes previously completed by INCO in 1969 and 73 drill holes completed by Southampton in 2008. The Estimate was completed using the Ordinary Kriging method and is stated below at 0.5% and 1.0% Cu block cut-offs.



0.5 % Cu Block Cut off

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Category Tonnes Cu (%) Ni (%)
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Indicated 8,759,200 0.88 0.21
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Inferred 7,791,195 0.87 0.25
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1.0 % Cu Block Cut off

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Category Tonnes Cu (%) Ni (%)
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Indicated 2,416,000 1.37 0.25
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Inferred 1,997,600 1.35 0.34
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0.5 % Cu Block Cut off

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Category Tonnes g Pd/t g Au/t g Ag/t
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Indicated 8,759,200 0.15 0.15 10.44
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1.0 % Cu Block Cut off

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Category Tonnes g Pd/t g Au/t g Ag/t
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Indicated 2,416,000 0.16 0.18 13.50
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Blocks lying within 50 metres of drill intercepts completed in 2008 (along with other criteria) were assigned the Indicated category. Blocks lying greater than 50 metres from a 2008 drill intercept (including blocks estimated primarily with INCO intercepts) were assigned the Inferred category. Maximum search distances were derived from variogram studies.

The mineral resources in this press release conform to the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council December 11, 2005.

The above Mineral Resource Estimate was prepared by Qualified Person, Iain Kelso, P.Geo.. Details of the Estimate are contained in a report produced in accordance with the guidelines set out in National Instrument 43-101, companion policy NI43-101CP and Form 43-101F1. A copy of the report will be filed on SEDAR within 45 days.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Southampton and Quetzal, including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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