SOURCE: Trade Winds Ventures Inc.

June 12, 2007 08:00 ET

Trade Winds Drills 11.10 g/t Gold Over 11.00 Metres Within 55 Metres of Surface at Detour Lake, Ontario

TIMMINS, ON--(Marketwire - June 12, 2007) - Trade Winds Ventures (TSX-V: TWD) (FRANKFURT: TVR) is pleased to announce additional results from its 13,000 metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase.

The Company has received further notable results from holes TWDDH-210 and TWDDH-212 on Section 15660E. These two holes are within one of twelve step-out sections, drilled near surface, to determine the continuity of the M Zone structural corridor. Management is very pleased with the results of this program, as it continues to define the near surface zone. The M Zone was intercepted at a depth of 26 metres and is believed to extend up to the surface to bedrock. The amount of overburden in this section is approximately 5 metres. The gold bearing M Zone structural corridor has a strike length of over four kilometers, continuing onto the 100% owned Gowest property.

Diamond drill hole TWDDH-212 returned 11.10 grams/tonne over 11.00 metres, including 44.00 grams/tonne over 1.00 metre and 28.50 grams/tonne over 1.00 metre.

Diamond drill hole TWDDH-210 returned 3.73 grams/tonne gold over 7.00 metres, including 18.95 grams/tonne over 1.00 metre and 7.85 grams/tonne gold over 1.00 metre.

Details of significant fire assay results received for drill holes completed on Section 15580E:

-------------------------------------------------------------------------
HOLE NAME     FROM   TO    Depth     LENGTH    ASSAY        COMPOSITE
              (m.)  (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
-------------------------------------------------------------------------
TWDDH-210     103   106     80        3.00                    1.51

              109   111     90        2.00                    3.67
Including     109   110               1.00       5.59

              115   122     95        7.00                    3.73
Including     115   116               1.00      18.95

              159   160    130        1.00       5.97

              236   237    190        1.00       7.85

TWDDH-212      32   33.5    26        1.50                    4.15
Including      33   33.5              0.50      10.70

            44.92   48      38        3.08                    2.45
Including      47   48                1.00       5.60

               54   56.96   45        2.96                    1.56
------------------------------------------------------------------------


------------------------------------------------------------------------
HOLE NAME     FROM   TO    Depth     LENGTH    ASSAY        COMPOSITE
              (m.)  (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
------------------------------------------------------------------------
TWDDH-212
 Cont'd.       67   78      55        11.00                  11.10
Including      68   69                1.00      7.72
Including   72.94   73.57             0.63     27.20
Including   73.57   74.25             0.68     18.55
Including   74.25   75                0.75      6.73
Including      76   77                1.00     44.00
Including      77   78                1.00     28.50

              155  156     128        1.00      3.39
------------------------------------------------------------------------

Diamond drill hole locations and final depths for the M Zone diamond drill
program are as follows:

----------------------------------------------------------------------
Section   Hole #     Northing   Easting   Azimuth  Dip   Length (m.)
15660E    TWDDH-210  20526.98   15660.63    180    -55     264.0
          TWDDH-212  20485.38   15658.97    180    -55     189.0
----------------------------------------------------------------------
True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first 15 of 53 diamond drill holes completed from this winter's near surface M Zone program. A drawing for Section 15660E is available on the Company's website www.tradewindsventures.com.

Block A, using a cut-off of 1.0 grams/tonne, has an indicated resource of 14,158,000 tonnes grading 1.77 grams 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 resource estimation work was completed in October 2006 and is based on information contained within the Technical Report prepared by Golder Associates Ltd. on Trade Winds behalf and filed on SEDAR.

The objective of Phase 1 2007 winter drilling program was to explore the mineralization of this new zone discovered in 2006 along a 480 metre strike length between Sections 15380E and 15860E at 40 metres intervals, while Phase 2 focused on in-fill drilling of the near surface M Zone mineralization from Sections 15900E to 16740E. Drilled on a 40 meter by 40 meter spacing, both vertically and horizontally, these new holes are part of the drilling done to the west of the area encompassing the previously published NI 43-101 indicated resource. The 2007 drill program was designed to potentially add new gold ounces to the resource estimate, and upgrade the near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.

Management is looking to increase shareholder value by working towards the completion of the spin-off of its Tuole Gold/Copper and the Silu Zinc/Lead projects, located in the Peoples Republic of China, to a wholly owned subsidiary. Western China Mining ("WCH") proposes to list on a Canadian stock exchange following an Initial Public Offering (IPO) to raise up to a maximum of $7,500,000 to fund the development programs for these projects. It is expected that TWD would own approximately 60% of WCH prior to the distribution to shareholders.

TWD has indicated that it will look at similar spin-out strategies for its other Canadian projects, which include a 60% option in the Birch Lake, Ontario gold project and its 100% interests in the Turner Lake, Nunavut project and its Treasure Mountain and Dardanelles gold properties in B.C. These spin-out strategies are being designed to improve the identification and valuation of each specific TWD property and to enable TWD to separately finance and develop its various assets, selectively reducing stock dilution.

Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects at Detour Lake and has reviewed the information contained herein. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex.

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

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:

    Ian D. Lambert
    CEO/President
    (604) 742-2522

    Terry McGee
    Investor Relations
    (604) 742-2531

    Email: Email Contact
    Visit our Website at www.tradewindsventures.com

    Suite 300, 1620 West 8th Ave.
    Vancouver, BC V6J 1V4

    117 Kent Avenue
    Timmins, ON P4N 3B9