SOURCE: Trade Winds Ventures Inc.

October 27, 2006 16:05 ET

Trade Winds Announces Over Two Million Ounce M Zone Gold Resource From Block A, Detour Lake, Ontario

TIMMINS, ON -- (MARKET WIRE) -- October 27, 2006 -- Trade Winds Ventures Inc. (TSX-V: TWD) (FRANKFURT: TVR) is pleased to report the completion of the first Mineral Resource Estimate for the M Zone Gold Deposit contained within the Block A Property at Detour Lake, in Northeastern Ontario. Golder Associates Ltd. (Golder) was commissioned by Trade Winds to provide an independent Mineral Resource Estimate in conformance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Mineral Resource and Mineral Reserve definitions referred to in the National Instrument NI 43-101, Standards of Disclosure for Mineral Projects. The resource estimation work was completed in October 2006 and is based on information contained within the upcoming Technical Report currently being prepared by Golder on Trade Winds behalf, which, using a cut-off of 1.0 grams/tonne, outlines an indicated resource of 14,158,000 tonnes grading 1.77 g Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold.

The Trade Winds property covers approximately 1,100 hectares just West of the past producing Detour Lake Mine (1983-1999), 160 kilometres Northeast of Timmins in Northeastern Ontario. Trade Winds has now completed sufficient exploration to earn a 50% interest in Block A from Pelangio Mines Inc., which is the subject of a pending 50/50 joint venture between Trade Winds, the operator, and Pelangio.

The M Zone Gold Deposit is one of several Westerly trending en-echelon mineralized systems located within a one-kilometre wide deformation panel known as the Sunday Lake Deformation Zone located at the Northwestern edge of the Abitibi Greenstone belt. This zone is anchored within a chloritic greenstone unit of komatiitc composition with footwall and hanging sequence consisting mainly of massive to pillowed mafic flows (tholeiitic). Mafic to felsic intrusions and dyke swarms can occur throughout the sequence with the highest concentrations centred along the chloritic greenstone.

The M Zone Gold Deposit has been the primary exploration focus within the Block A Property and is based on past drilling completed by Placer Dome Inc. and drilling completed by Trade Winds between December 2003 and March 2006.

Paul Palmer, P.Geo., P.Eng., an employee of Golder, served as the independent Qualified Person responsible for preparing the Mineral Resource Estimate and Technical Report. Mr. Palmer visited the project site from August 31 to September 1, 2006.

Summarized in Table 1 is the independent Mineral Resource Estimate for the M Zone Gold Deposit located within the Block A Property. The results show the total Indicated and Inferred gold mineral resources based on a 0.5g/t, 0.8 g/t, 1.0 g/t, 1.25 g/t and 1.5 g/t gold cut-offs.

Table 1

October 2006 Mineral Resource Estimate M Zone Gold Deposit Block A Property


Category   Cut-off(Au g/t) Tonnage     Au g/t   Troy oz
Indicated       0.5        42,721,000  1.05   1,438,067
                0.8        21,022,000  1.48   1,000,968
                1.0        14,158,000  1.77     804,321
                1.25        9,221,000  2.12     627,907
                1.5         6,323,000  2.46     500,701
Inferred        0.5        65,863,000  1.14   2,411,883
                0.8        34,743,000  1.60   1,786,104
                1.0        24,796,000  1.88   1,499,552
                1.25       16,890,000  2.24   1,216,921
                1.5        12,260,000  2.57   1,013,800


Note: 1 troy ounce = 31.10348 g
This Mineral Resource Estimate was based on the following factors and assumptions:

* A total database comprised of 80 BQ and NQ-sized drill holes (40,000 m) completed by Placer Dome Inc. and 185 NQ-sized drill holes (62,417 m) completed by Trade Winds;

* The geological and mineralized geometries were generated using Vulcan software and were comprised of 3D wireframed geometries of geological interpretations based on the drilling information from the database. These geometries were used to flag the sample data for the statistical analyses;

* The resource was calculated between 13860 to 16800 Grid East, between 19950 to 21290 Grid North and depths between surface to 1100 m and average depths below surface between 300 to 600 m. Depths below 600 m occur from 13800 to 14825 Grid East. Typical drill hole spacing ranged between 40 m by 40 m and 80 m by 40 m;

* The approximate strike length of the mineralized geometries is 3225 m, along the Northwest, with a dip between 60 to subvertical, and widths between 125 to 350 m.

* The database was reviewed by Golder using statistical and geostatistical analyses, comparisons between field logs and the digital database and 31 independent samples collected and assayed for gold. This database was considered acceptable for Mineral Resource Estimation;

* The Vulcan block model used for Mineral Resource Estimation included a parent block size of 50 m (x) by 25 m (y) by 10 m (z) and was based on the drill hole spacing, continuity of data and potential mining method. In order to provide resolution at geological zone boundaries and the topography, a sub-block size of 10 m (x) by 5 m (y) by 2 m (z) was employed;

* A global density of 2.95 g/cm(3) was applied to the overall mineralised geometries and a density of 3.04 g/cm(3) was applied to the chloritic greenstone units.;

* The drill hole samples were composited to 3 m lengths in order to reduce the natural variability of the original dataset, reduce the influence of high grade outliers and reflect the representative sample size used in bulk mining methods;

* All gold values above 20 g/t were spatially restrained in the block model to a single parent block of 50 m (x) by 25 m (y) by 10 m (z). The 20 g/t grade was selected based on the 99 percentile gold value from a cumulative log-probability plot of gold grades. Spatial restraining of the gold values allows the actual assay grade to be used instead of capping it to a lower grade;

* The Multiple Indicator Kriging (MIK) interpolation method was used for resource estimation purposes using variography parameters defined from the geostatistical analysis. This method provided an in situ estimation based on blocks of 50 m (x) by 25 m (y) by 10 m (z);

* Classification of the Mineral Resource Estimate was based on viewing average distances of samples and the numbers of samples populated in each block. A block was classified as an Indicated Resource if the spacing was less than 40 m and 20 samples or greater populated the block. A block was classified as an Inferred Resource if the spacing was greater than 40 m and less than 20 samples populated the blocks;

* The dimensions of the Indicated mineralization geometry includes a strike of 1900 m, widths between 125-350 m with an average width of 248 m and depths below surface between 195-675 m with an average depth below surface of 296 m; and

* The dimensions of the Inferred mineralization geometry includes a strike of 3225 m, widths between 50-520 m with an average width of 220 m and depths below surface between 270-1050 m and an average depth below surface of 600 m.

In the preparation of the Mineral Resource estimate for the M Zone Gold Deposit Golder did not complete any mining, metallurgical or economic studies.

Additional gold mineralization zones have been identified at a vertical depth of 500 m below surface (Deep M Zone) along the Western side of the M Zone Gold Deposit, North of the M Zone in the North Walter Lake (NWL) Zone and South of the M Zone in the QK and Main Zones. Drilling of Deep M Zone is currently underway on Trade Winds 100% owned Gowest Property and a preliminary feasibility study is planned for the M Zone Gold Deposit in 2007.

Mr. Lorne Warner, P. Geo., has been the qualified person for the Trade Winds Detour Lake projects from 2003 to present, and worked for Placer Dome at Detour Lake from 1992-1996. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practices in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex, North Vancouver, BC, an ISO 9001:2000 and ISO 17025 accredited laboratory.

WARNING: The Company relies upon litigation protection for "forward- looking"statements.



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