SOURCE: Trade Winds Ventures Inc.

June 14, 2007 08:00 ET

Trade Winds Drills 9.90 g/t Gold Over 6.11 Metres Within 50 Metres of Surface at Detour Lake, Ontario

TIMMINS, ON--(Marketwire - June 14, 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 encouraging results from two holes, TWDDH-196 and TWDDH-198, on Section 15780E. 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 continues to be pleased with the results of this program, as it continues to prove up the near surface zone. The M Zone was intercepted at a vertical depth of 30 metres and is believed to extend up to the surface to bedrock. The amount of overburden in these sections is approximately 5 metres. The gold bearing M Zone structural corridor has a strike length of over four kilometers, continuing west onto the 100% owned Gowest property.

Diamond drill hole TWDDH-198 returned 9.90 grams/tonne over 6.11 metres, at a vertical depth of 50 Metres including 9.89 grams/tonne over 0.83 metres, and 6.21 grams/tonne over 1.00 metre.

Diamond drill hole TWDDH-196 returned 3.92 grams/tonne over 3.10 metres, including 11.30 grams/tonne over 1.00 metre, from the hanging wall M Zone ultramafic unit, and 2.68 grams/tonne over 2.00 metres from the footwall quartz zones.

Section 15780E has been drilled from near surface to -380 metres below surface at 20 and 40 metre spacings. Previous drilling on this section also returned excellent results as follows:

Diamond drill hole TWDDH-184 returned 3.35 grams/tonne over 6.00 metres, including 22.40 grams/tonne over 0.50 metres from the hanging wall M Zone ultramafic unit.

Diamond drill hole TWDDH-048 returned 20.54 grams/tonne over 0.95 metres, including 37.80 grams/tonne over 0.50 metres, from a hanging wall quartz zone.

Diamond drill hole TWDDH-049 returned 19.00 grams/tonne over 0.50 metres from a hanging wall quartz zone. TWDDH-049 also returned 4.75 grams/tonne over 1.00 metre from the M Zone ultramafic unit.

Diamond drill hole TWDDH-050 returned 16.10 grams/tonne over 0.50 metres from a hanging wall quartz zone.

Diamond drill hole TWDDH-051 returned 4.59 grams/tonne over 0.90 metres from the M Zone ultramafic unit.

Diamond drill hole TWDDH-052 returned 2.52 grams/tonne over 2.00 metres from the M Zone ultramafic unit.

Diamond drill hole TWDDH-053 returned 3.05 grams/tonne over 5.00 metres, including 13.45 grams/tonne over 1.00 metre, from a hanging wall quartz zone. TWDDH-053 also returned 20.35 grams/tonne over 6.30 metres, including 497 grams/tonne over 0.25 metres, from the M Zone ultramafic unit.

Diamond drill hole 464-100 returned 3.84 grams/tonne over 4.92 metres from a footwall zone.

Details of significant fire assay results received for recent holes completed on Section 15780E are as follows:

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HOLE NAME    FROM    TO    Depth      LENGTH    ASSAY       COMPOSITE
             (m.)   (m.) Vertical(m.)  (m.) (g/tonne gold) (g/tonne gold)
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TWDDH-196     14     15     11         1.00     2.71

              34     35     28         1.00     5.61

              38     40     31         2.00                   1.32

              43     44     35         1.00     3.19

              91     92     75         1.00     2.33

              93     94     77         1.00     2.27

              98    101.71  80         3.71                   1.44

             110.9  114     95         3.10                   3.92
Including    113    114                1.00    11.30

             120.6  123     99         2.40                   1.88
Including    120.6  121.1              0.50     7.07

             148    149    122         1.00     4.56

             157    158    130         1.00     3.46

             158    159                1.00     1.89          2.68

TWDDH-198     28     30     23         2.00    0.976          2.03

              36     42     30         6.00                   1.84
Including     36     37                1.00     6.60

TWDDH-198     59.72  65.83  50         6.11                   9.90
Including     60.79  61.29             0.50    96.50
Including     65     65.83             0.83     9.89

             111     112    91         1.00     6.21
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True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first 17 of 53 diamond drill holes completed from this winter's near surface M Zone program. A drawing for Section 15780E is available on the Company's website www.tradewindsventures.com

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

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Section   Hole#       Northing   Easting   Azimuth   Dip    Length(m.)
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15780E    TWDDH-048   20738.28   15779.65    180     -55      449.0
          TWDDH-049   20536.34   15776.90    180     -55      212.0
          TWDDH-050   20580.55   15777.58    180     -56      218.0
          TWDDH-051   20701.84   15778.70    180     -55      362.0
          TWDDH-052   20619.85   15778.74    180     -56      305.0
          TWDDH-053   20658.80   15776.79    180     -55      356.0
          TWDDH-184   20480.12   15783.39    180     -55      156.0
          TWDDH-196   20514.05   15781.71    180     -55      192.0
          TWDDH-198   20464.87   15784.18    180     -55      117.0
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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 metre by 40 metre 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
    Toll Free (877) 811-4518 ext 228 or (604) 742-2531

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

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    Vancouver, BC V6J 1V4

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