VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2007) - Journey Resources Corp. ("Journey" or the "Company") (TSX VENTURE:JNY)(FRANKFURT:JL4) is pleased to announce that, subject to regulatory approval, it has negotiated an amendment to the mineral claim option agreement dated November 30, 2005 between Journey, Roxgold Inc. (formerly Wave Exploration Corp.) and Wave Mining Inc. (the "Option Agreement"), whereby the Company can expedite its obligations to earn a 100% interest in and to certain mineral claims comprising the Musgrove Creek Project.
The Musgrove Creek Property consists of 46 contiguous, unpatented mining claims located in the Cobalt Mining District of Lemhi County, approximately 25 miles from Salmon, Idaho and covers nearly 1,000 acres of gentle to steep terrain that is road accessible.
Pursuant to the amended Option Agreement, the Company has agreed to make a final expedited payment in the amount of CDN$25,000 cash and issue a further 75,000 common shares of its capital to Roxgold Inc. ("Roxgold"), rather than the original payment of CDN$150,000 in cash on or before November 30, 2007. The Company has already issued 300,000 shares to Roxgold as per the original agreement. When such final payment and issuance of the additional 75,000 shares under the amended Option Agreement are made, Journey will have exercised its option and earned a 100% right, title and interest in and to the Musgrove Creek Property. This is expected to occur immediately after regulatory approval is obtained. Such approval will be sought on an expedited basis.
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). Previous exploration and the current resource evaluation indicate that the Musgrove deposit is open along strike in both directions and "down-the-dip".
The 2007 Plan of Operations, as submitted and accepted by the US Department of Agriculture, US Forest Service, includes soil sampling, geological mapping, and the diamond drilling of 9 holes for approximately 7,500 feet in total length.
Planned drilling will include reopening 4,700 feet of additional drill roads, the construction of 9 new drill pads and the drilling of 9 holes, 7,500 feet in total length. The drilling will test the main portion of the Ostrander Creek gold-in-soil anomaly delineated in 2004. Drilling will be accomplished using a newly acquired skid mounted Hydracore 2000 diamond drill owned by the Company. The purpose of the drill program is to assist in defining the mineralized zone(s), with the objective of increasing the mineral resource and advancing the project toward a feasibility study and eventual production.
Mr. Jack Bal, President of Journey, commented: "We are very excited about expediting the exercise of our option to acquire a 100% interest in the Musgrove Creek Gold Project ".
Journey Resources Corp. is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol:JNY) and the Frankfurt Stock Exchange (Symbol:JL4). 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. 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 Empire Mine Project is a poly-metallic skarn deposit containing copper, zinc, gold and silver ores.
ON BEHALF OF THE BOARD OF DIRECTORS
JATINDER (JACK) BAL, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Journey Resources Corp.
(604) 633-2442 or Toll Free 1-800-667-1442
First Canadian Capital Corp.
Mike Starogiannis, P. Eng, MBA
(416) 742-5600 or Toll Free 1-866-580-8891