Foundation Updates on its Ontario Projects

Foundation Resources Inc. (TSX VENTURE:FDN) ("Foundation") is pleased to provide
an exploration update on its two Ontario projects, the Mitchell and the
Coldstream. On the Coldstream Property, Foundation with joint venture partner
Alto Ventures (TSX VENTURE:ATV), has recently completed an induced polarization
(IP) survey on Span Lake claims (News Release dated August 19, 2011), and is now
in the midst of completing a 6,000-metre drill program on the East Coldstream
Deposit and Iris Lake target where recently they discovered a high-grade gold
mineralization (8.39 g/t gold over 11.0m - News Release dated March 22, 2011).
The Iris Lake discovery is located approximately 1.5 kilometres north of the
East Coldstream Deposit. 


On its wholly owned massive sulphide Mitchell Property (2,256 hectares) in the
Red Lake Mining Districts, Foundation has recently completed a reconnaissance
lithogeochemical survey and planning a follow-up high resolution airborne
magnetic and electromagnetic survey on the Property. The results of the
geophysical surveys will follow on selected targets by appropriate geological
methods.


Ike Osmani, M.Sc., P.Geo., the President of Foundation and the Qualified Person
for the Coldstream Project and Mitchell Project, has reviewed and approved the
technical content of this news release.


For more details regarding the Coldstream Property, please visit our website at:
www.foundationres.com


About Foundation Resources Inc.

Foundation is a mineral exploration company focused on exploration and
development of gold and base metal properties in Canada and Mexico. Its flagship
Coldstream gold project in the Shebandowan greenstone belt and Mitchell base
metal property in the Birch-Uchi greenstone belt east of Red Lake occur within
the Western Superior geological province of the Canadian Shield, noted for
hosting prolific gold and base metal deposits in Ontario, Canada. The San Rafael
gold-silver property is located approximately 150 km northwest of Durango in the
Durango State, Mexico.


On behalf of the board,

Ike Osmani, President & Director

News release contains certain "Forward-Looking Statements" within the meaning of
Section 21E of the United States Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on numerous assumptions and are subject to
all of the risks and uncertainties inherent in the Company's business, including
risks inherent in resource exploration and development. As a result, actual
results may vary materially from those described in the forward-looking
statements.


CUSIP: # 350476107

ISIN CA3504761071

Birch Hill Gold Corporation (TSXV:FDN)
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