March 6, 2008
Symbol: SNL: TSX – V
NEWS RELEASE
REPORT OF RESULTS RECEIVED FOR EXPLORATION AT COPPER PENDANT PROPERTY

Vancouver, BC – SNL Enterprises Ltd. (the “Company”) has now received the final report and analytical results for the 2006-07 exploration program on its Copper Pendant exploration project in the Anyox mining camp of northwestern British Columbia. The mineral tenures are located north and west of the past producing Hidden Creek Mine. The Company announced on Nov. 23, 2007 their 50% vesting in the Copper Pendant Property, consisting of 13,054 hectares of mineral tenures. The target for this exploration work is a “Cyprus type” copper-rich massive sulphide deposit. An example of this type of deposit is the past-producing Hidden Creek Mine that yielded historical production of over 21.7 million tonnes of ore grading 1.57% copper, 9.25 grams/tonne silver and 0.17 grams/tonne gold until mining ceased in 1935. (This production figure is as documented in the BC Minfile database and has not been independently verified by the Company). The Hidden Creek mine site lies 3 kilometres south of the property boundary.   The Company conducted a multidisciplinary exploration program in 2006-07 that included the following:

· 1154 line kilometres of airborne EM and magnetics (AeroTEM)
· 4 diamond drillholes completed for 1143 metres of drilling
· 546 high energy stream silt samples collected
· 28 heavy mineral samples collected
· 231 surface rock and drillcore samples submitted for geochemical (ICP), lithogeochemical (“whole rock”) and assay analysis.

The heavy mineral and stream sediment sampling programs of 2006-07 were very successful in outlining prospective areas on the property for potential copper-rich mineralization. The stream silt sample results outlined a north-south trending anomalous area in the central northern portion of the property that is over 3 kilometres long (north to south) and about 0.5 kilometres wide (east to west). This area returned numerous silt geochemical analyses in excess of 250 ppm Cu. Surface

follow-up work in 2007 in this area consisted of geological mapping, prospecting and rock sampling. The results of the rock geochemical (ICP) analyses demonstrated a similar north-south trending anomalous zone containing several samples with over 1000 ppm Cu. In the southern part of this anomalous geochemical zone, stringer sulphide mineralization was discovered in outcrop and two individual grab samples returned 6.95% Cu and 0.96% Zn (located at UTM 443946E, 6146087N, NAD83) and 1.89% Cu and 0.93% Zn respectively (located at UTM 444058E, 6146024N, NAD83). While following up a copper-rich stream geochemical anomaly in the southern part of the property, Company personnel collected several grab samples from another new mineral occurrence that assayed up to 3.37% Cu (located at UTM 442161E, 6138920N, NAD83). Furthermore, the heavy mineral sampling program identified two new areas in the northwestern and southern parts of the property that show promise for hosting copper and zinc mineralization, but that have received as yet no surface follow-up work. Clearly, further follow-up work will be required to determine the source and extents of these several encouraging geochemically anomalous zones and surface mineral occurrences. The 2006 AeroTEM II geophysical survey resulted in the identification of 14 conductive targets that warranted ground follow-up. These geophysical results combined with the initial results from the geochemical surveys prompted the Company geologists to recommend four target areas for drilling in 2007 that area described as follows: Area A This area includes the contact between middle Jurassic Hazleton mafic volcanics and upper Jurassic Bowser Group sediments. This is an important stratigraphic level in on the property because it is at the same level as the Hidden Creek mine. Approximately 4.5 km of this contact is included on the property. It appears to dip towards the east at 50 to 70°. Locating an acute target in this area is difficult because of very complex EM activity and high background levels for base and precious metals in the stream sediments. The most efficient way of exploring this area would be with detailed mapping followed by systematic drilling on the most prospective areas. To drill the entire contact on 200 m centres with an average hole length of 200 m would consume the entire drilling budget for this project. Area B This target is an east dipping AeroTEM anomaly located on a slope with western aspect. The anomaly is rated as „moderate, thick‟ by consulting geophysicists. It appears well in both the early and late channels of the EM survey. Area C The EM response centered in this area is described as a “large amplitude thick pick”. It appears to be dipping to the west. A second anomaly to the south is also strong and appears well in late channels. Stream samples taken from a drainage just east and downstream of the anomalies are weakly anomalous in copper and zinc. This anomaly should be considered a high priority. Area D
This area may be a southern extension of Area C. The amplitude of the conductor is lower here, which may indicate a deeper source.

Four drillholes were completed in 2007 in Area A. Holes CP07-01 and 02 were drilled from a single site to test a strong electromagnetic conductor at depth. A 6 metre interval was intersected that contained up to 15% pyrrhotite (iron sulphide) and trace chalcopyrite. Geochemical analyses over this interval were weakly anomalous and averaged 134 ppm Cu. Drillhole CP07-03 was terminated before reaching its target depth due to drilling difficulties. Drillhole CP07-04 targeted a strong AeroTEM conductor that had a coincident magnetic high close to the prospective volcanic-sediment contact. Disseminated sulphide mineralization was intersected in several locations within the sedimentary rocks. One 1.4 metre intercept returned a geochemical analysis of 2433 ppm Zn from 105.0 to 106.4 metres depth. Another 1.5 metre intercept from 90.0 to 91.5 metres depth returned an “overlimit” geochemical analysis of >10,000 ppm Zn (equivalent to >1% Zn). Results of a follow-up assay for this interval are pending. The remaining 3 recommended drill targets were not drilled in 2007. The four diamond drill holes completed in 2007 demonstrate that the AeroTEM II coincident magnetic and electromagnetic responses are sourced in blind sulphide mineralization. The Company‟s consulting geologists recommend that the diamond drill testing continue to completion of all four recommended targets. In addition, they recommend that the sources of the remaining unexplained geochemical anomalies are explored through prospecting and geological mapping in 2008. The undrilled targets areas from the 2007 program remain viable for testing in future programs. A rigorous QA/QC program was implemented and adhered to by the Company‟s geologists. For rock sample shipments, a blank sample was inserted at the beginning of each batch and at a frequency of every 50th sample hence. Field duplicate samples were inserted for every 25th sample. In the case of stream sediment sample shipments, a blank sample was inserted for every 50th sample and duplicates were inserted for every 20th sample. In addition, replicates and standards were routinely analysed by the labs.

The information contained in this document has been reviewed by Paul McGuigan, P. Geo., a Qualified Person as defined by National Instrument 43-101.

On behalf of The Board of Directors of SNL Enterprises Ltd.
Thal Poonian, President, Director

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation’s to be materially different from the results, performance or expectation implied by these forward looking statements. “TSX Venture Exchange” does not accept responsibility for the adequacy or accuracy of this news release.