VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2006) - Journey Resources Corp. ("Journey") (TSX VENTURE:JNY) is pleased to announce today that it has been granted permission to trade its shares on the Third Market Segment of the Frankfurt Stock Exchange. The German trading symbol for Journey is "JL4" and the German securities code: (WKN) is A0HNM9.
The Frankfurter Wertpapierborse (FWB) is the world's third largest organized trading market in terms of transactions and dealings in securities. The Frankfurt Exchange accounts for more than 75 percent of the total securities turnover in Germany. The public guarantor of the FWB is the Deutsche B"rse AG, who is responsible for ensuring the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems, the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market industry. In addition to the traditional floor trading, the FWB offers a full spectrum of computerized security trading through Xetra(R). Xetra(R) was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market, where more than 70 foreign banks and financial service companies are included among the total of more than 330 members.
Journey Resources President, Jack Bal commented, "We are very pleased to have been approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will make the acquisition of our shares less problematic for potential German and European investors, while providing increased liquidity in our common stock overall."
Mr. Bal also states: "We are striving to enhance our Company's visibility in Germany and expand our corporate awareness to a broader investor community in Europe. We believe that the Frankfurt Stock Exchange listing will help to facilitate our story reaching a much larger European investor audience."
Journey Resources Corp. is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol : JNY). The Company is currently exploring three advanced exploration-stage projects; the Vianey Mine Silver Project, the Musgrove Gold Project and the Empire Mine Project.
The Vianey Mine Project consists of concessions totaling 5,022 hectares in Guerrero State, west of Mexico City, Mexico, and has a silver-lead-zinc mineralization production history. A review of past calculations, including the most recent exploration activities completed in 1997, by Hawley, P.J., 2000b, provides a total in all categories of 345,020 metric tonnes grading 2.13% lead, 3.66% zinc and 269 grams of silver per tonne. (These data are historical resource estimates under National Instrument 43-101, which have not been sufficiently verified by a qualified person to be classified as current mineral resources. Journey is treating these historical estimates as current resource estimates and therefore, these historical estimates should not be relied upon).
The Company has begun a program of cleaning the underground workings on the main level ("Zero Level"), the -38 Level, the -50 Level, and the -75 Level. This work is necessary to improve access throughout the mine and to prepare the ground for future production evaluation. Underground lighting has been established and a temporary hoist has been installed for these purposes.
The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer.
The Musgrove deposit has been intersected over a strike length of 400 metres, a width of 110 metres and to a depth of 150 metres. The NI 43-101 Inferred Mineral Resource estimate at the Musgrove deposit is 8 million tonnes at 1.22g/t Au (0.036 oz/t) at a gold cut-off: 0.8 g/t (0.023 ounces per English ton). This is equivalent to 9,761 kg (313,822 oz) of gold at zero dilution (D. Makepeace, P.Eng, 2004).
The Empire Mine Project is a poly-metallic skarn deposit containing copper, zinc, gold and silver ores, and is located in the Alder Creek Mining District in Custer County, Idaho. Historical estimates obtained from a report, originally prepared by Cambior Exploration USA, Inc. in 1997, used the measured mineral resource block models to scope mineable quantities of material within the known deposit. Cambior's engineering group estimated the mineable portion of the deposit as 33 million tons grading 0.44% copper, 0.20% zinc, 0.25 gpt gold, and 6.6 gpt silver at a 1:1 mining ratio. (These data are historical resource estimates under National Instrument 43-101, which have not been sufficiently verified by a qualified person to be classified as current mineral resources. Journey is treating these historical estimates as current resource estimates and therefore, these historical estimates should not be relied upon).
The primary objective of the 2006 work program on the Empire Mine Project is to complete a feasibility study by the end of 2006. The drilling to date is providing the necessary information and is in the process of being compiled.
ON BEHALF OF THE BOARD OF DIRECTORS
JATINDER (JACK) BAL, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Journey Resources Corp. - Investor Information
(604) 633-2442 or Toll Free 1-800-667-1442