JOURDAN Commences Exploration at the Pivert-Stairs Rare Metals Property within the Pivert Rare Metals Corridor, James Bay Mining

JOURDAN RESOURCES INC. (TSX VENTURE:JRN) ("JOURDAN" or the "Company") is pleased
to announce the start of the 2010 exploration campaign at the Company's 94
claims / 49.5 km2 Pivert-Stairs Rare Metals Property (the "Property"),
contiguous to and within First Gold Exploration's Pivert/Rose Rare Metals
Property where recent work outlined significant quantities of the Rare Metals
Lithium, Rubidium, Tantalum, Beryllium, Niobium and Gallium, in the James Bay
Mining District, located due south of the community of La Grande (Quebec).


The exploration campaign will initially consist of compiling and synthesizing
the historic and current work on the Property and surroundings that will include
incorporating regional airborne and ground geophysical surveys to better
identify the 12+ km long Pivert Rare Metals Corridor, and surface prospecting to
identify surface Lithium and other Rare Metals mineralization. If the results
are favourable, diamond drilling will follow to delineate the potential size of
the Rare Metals mineralization. 


JOURDAN's Pivert-Stairs Rare Metals Property and the Pivert Rare Metals Corridor

JOURDAN holds 94 claims for 4,948 hectares or 49.5 km2 covering 12+ km in length
of the prospective Pivert Rare Metals Corridor (refer to the appended location
map). The Property sits less than 5 km from the Eastmain-1 Hydroelectric
facility where substantial infrastructure exists. There is an access road to
within 500 m of the Lac Pivert East #1 and #2 and Lac Pivert West Claim Blocks.
A north-south hydro line straddles the Lac Pivert West Claim Block. 


The Property consist of the Pivert East #2 Claim Block (12 claims; 636 hectares
for 6.4 km2) immediately contiguous and less than 1 kilometre to the northeast
of the First Gold Exploration (TSX-V: EFG) ("First Gold") Lac Pivert Lithium
Showing on First Gold's Pivert/Rose Rare Metals Property; the Lac Pivert West
Claim Block (2 claims; 106 hectares for 1.1 km2) between First Gold's Lac Pivert
Lithium and 2.5 kilometres from their new Rose Lithium-Rubidium Discovery; the
Stairs Claim Block (43 claims; 2,282 hectares for 22.8 km2) immediately
contiguous to the southwest of First Gold's Rose Lithium-Rubidium Discovery; and
the Pivert East #1 Claim Block (37 claims; 1,924 hectares for 19.2 km2)
immediately contiguous to and northeast of the Pivert East #2 Claim Block. 


First Gold Exploration previously announced surface sampling and diamond
drilling results (on adjacent claims) with significant quantities of the Rare
Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium and Gallium. Surface grab
sampling yielded 4.6% Li2O, 390 g/t Rubidium, 1.4 g/t Tantalum, 67.7 g/t
Niobium, 106.5 g/t Gallium, 90 g/t Beryllium (#430917); 4.74 m (true width)
drill hole intersection yielding 1.03% Li2O, 2,923 g/t Rubidium, 286 g/t
Tantalum, 54.24 g/t Niobium and 128 g/t Beryllium (Drill Hole LR-09-02), and
9.48 m (true width) yielding 1.50% Li2O, 2,755 g/t Rubidium, 290 g/t Ta2O5 and
155 g/t Be over 9.48 m (Drill Hole LR-09-07) (refer to the First Gold
Exploration Inc., news releases from January 22 to March 16, 2010). 


Earlier work by the Ministere des ressources naturelles et de la faune Quebec
(Boisvert, 1989) describes the Property area as containing irregular but
generally continuous lenses of pegmatites within the host biotite schists.
Individual pegmatites can attain up to 60 m in width and more than 100 m in
length, collectively forming part of a much larger bodies having kilometric
lengths and widths up to 300 m. Additional work uncovered a number of Lithium
showings in the region with a similar metallogenic context to Lithium One's Cyr
Lithium Property and First Gold's Pivert/Rose Rare Metals Property, where
irregular but generally continuous spodumene (a lithium bearing aluminum
silicate) bearing pegmatites occur. 


Historical work on Cyr Lithium Property has demonstrated significant Lithium
potential, identifying a resource potential(i) of 12 million tonnes (45,000 m2
by 100 m deep) grading 1.7% Li2O (www.lithium1.com). A resource potential
estimate should not be relied on and is not considered National Instrument
("NI") 43-101 compliant. A Qualified Person has not reviewed and evaluated the
resource potential to outline NI 43-101 Mineral Resources. It is uncertain that
any future exploration and development work will result in any of the resource
potential to be considered as NI 43-101 Mineral Resources. A resource potential
estimate should only be considered as an indication of mineralization.


About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading
under the symbol JRN on the TSX Venture Exchange. The Company is focused on the
acquisition, exploration, production, development and if, as the case may be,
the operation of mining properties in strategic Uranium and Rare Metals or High
Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties
are currently at the exploration stage along the Lower North Shore, the Mauricie
and now the James Bay regions of Quebec. 


The technical information in this news release was approved by Mr. Jean Lafleur,
M. Sc., P. Geo., Technical Advisor to the President and CEO of JOURDAN, and a
Qualified Person under NI 43-101 regulations. 


Please visit the Company's website at www.jourdan.ca, and you can also download
Jourdan's Corporate Summary at www.jourdan.ca/jrn.pdf.


Location map of JOURDAN Resources Inc.'s Pivert-Stairs Rare Metals Property in
the James Bay Mining District of northern Quebec:
http://media3.marketwire.com/docs/JRN0517.pdf
Jourdan Resources Inc. (TSXV:JRN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024