Goldbrook Announces SNC Lavalin Inc. Signs Letter-of-Intent to Negotiate EPCM Services Agreement for Nunavik Nickel Project

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UNITED STATES


Goldbrook Ventures Inc., ("Goldbrook" or the "Company") (TSX VENTURE:GBK)
announces that a Letter of Intent has been signed with SNC Lavalin Inc., part of
the process of awarding a contract with respect to engineering, procurement and
construction management services (EPCM services) related to start-up of the
Nunavik Nickel Project, located in Ungava, Northern Quebec. This is preliminary
to continuation of the construction and development of Jien Canada Mining Ltd.'s
extensive nickel-copper-PGE deposits in the Raglan Belt.


Jien Canada Mining Ltd., a wholly owned subsidiary of Vancouver based Goldbrook
Ventures Inc. (25%) (TSX VENTURE:GBK) and Jilin Jien Nickel Industry Co., Ltd.
(75%) of China, acquired Canadian Royalties (and its Nunavik Nickel Project) in
November 2009. In connection with the EPCM Services, Goldbrook's Chairman, Mr.
David Baker, stated, "Goldbrook welcomes the development that SNC Lavalin is now
taking the lead on moving the Company's Nunavik Nickel Project forward."


Exploration and preliminary work will continue at the Nunavik Nickel Project
site this year. It is anticipated that further announcements concerning any
possible construction and development of the Nunavik Nickel Project will be made
by the Company later this year.


Goldbrook 2010 Exploration Program

In addition to the Jien Canada Mining properties, Goldbrook is also focused on
the exploration of its 861,000 acre land package that is host to Goldbrook's
Mystery, Getty, Sylvie, Timtu and Pad deposits. The 2010 Goldbrook exploration
program on these properties is allocated a budget of over $17,500,000, including
a goal of 25,000 metres of diamond drilling in conjunction with a program of
prospecting, geochemical surveys and ground geophysics over both the east and
west extensions of the productive north and south Raglan horizons. This is an
aggressive expansion from the previous, and successful, exploration focus on the
Belanger Trend into new, and high potential geological target areas. This
program will follow-up on the positive results of geological, geophysical and
remote sensing surveys completed in these areas over the previous years and
which helped with discoveries of extensive nickel-copper-PGE sulphides at the
Mystery and Timtu zones.


About Goldbrook

Goldbrook Ventures is engaged in the exploration and development of
Nickel-Copper-Platinum Group Element sulphide deposits - a class of mineral
deposit that, due to its polymetallic nature, has an advantage of protection
against individual metal price cycles and has strong long term supply-demand
fundamentals. Goldbrook's quest for discovery is focused in the Raglan District
of Northern Quebec, a district that hosts Xstrata's Raglan operations, arguably
one of the world's most profitable nickel-copper-PGE mines. Goldbrook is the
District's single largest holder of mineral rights, with a 100% interest in
861,000 acres.


Goldbrook's Raglan project is in the third year of an option-joint venture
agreement with Jilin Jien Nickel Industry Co. Ltd.,("Jilin Jien") under which
they can earn a fifty percent interest in the Goldbrook properties by funding
minimum exploration expenditures of $45 million (plus reinvestment of Quebec
rebates). To date, Jilin Jien has funded exploration costs totaling
approximately $39.5 million, and we expect that they will reach the required
total expenditures to complete their earn-in by the completion of the 2010
exploration program.


Goldbrook also owns 25% of the voting shares of Jien Canada Mining Ltd. (which
successfully acquired Canadian Royalties Inc.), the owner of the
nickel-copper-cobalt-platinum-palladium-gold deposits in the Raglan mining
district which collectively form the Nunavik Nickel Project.


ON BEHALF OF THE BOARD:

David Baker, Chairman and Director

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements made herein may contain forward-looking statements or
information within the meaning of Canadian securities laws and the applicable
securities laws of the United States. Such forward looking statements or
information include, but are not limited to, statements or information with
respect to Goldbrook's plan for future exploration and development of its
properties and the construction and development of the Nunavik Nickel Project.


Forward-looking statements or information are based on a number of estimates and
assumptions and are subject to a variety of risks and uncertainties, which could
cause actual events or results to differ from those reflected in the
forward-looking statements or information. Should one or more of these risks and
uncertainties materialize, or should underlying estimates and assumptions prove
incorrect, actual results may vary materially from those described in forward
looking statements or information. Factors related to such risks and
uncertainties, and underlying estimates and assumptions include, among others,
the following: the ability of Goldbrook to advance development of its
properties; price volatility of nickel and other metals; impact of any hedging
activities, including margin limits and margin calls; discrepancies between
actual and estimated production, between actual and estimated resources, and
between actual and estimated metallurgical recoveries; mining operational risk;
regulatory restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; speculative nature of mineral
exploration; defective title to mineral claims or property, litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability
to obtain permits encountered in connection with exploration activities; and
labour relations matters. Accordingly, undue reliance should not be placed on
forward looking statements or information. We do not expect to update
forward-looking statements or information continually as conditions change,
except as may be required by law.
Goldbrook Ventures (TSXV:GBK)
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