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Re:   Property News - Wednesday, March 04, 2009
      Logan Resources Updates Resource Estimate for Brynnor Iron
      Project, Vancouver Island, Based on Results of 2008 Drill Program
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VANCOUVER, March 4 /CNW/ - Logan Resources Ltd. (TSXV:LGR) (the
"Company") completed 20 drill holes totaling 6,678.9 metres on its 100%-owned
Redford Property, Vancouver Island, British Columbia in December 2008. The
drill program was recommended based upon the initial NI43-101 compliant
resource estimate (filed on SEDAR) that was announced by the Company on
September 9, 2008. The objective of the 2008 drill program was to test
inferred extensions of the mineralization down dip and along strike from the
measured and indicated resources defined in the September 2008 report.

The following table summarizes the updated resource estimates:
    
     Resource Category     Resource      Grade     Iron Concentrate    Grade
                            Tonnes      % Iron          Tonnes        % Iron

     Measured             7,610,000       39.2%       4,070,000         63.7%

     Indicated            4,590,000       35.0%       2,200,000         63.7%

     Measured plus
      Indicated          12,070,000       37.6%       6,270,000         63.7%

     Inferred            12,680,000       39.5%       7,120,000         63.7%
    
By comparison with the initial September 2008 resource estimate (see
September 9, 2008 Press Release), the overall grade has been reduced, however,
the total iron concentrate in the measured and indicated categories has
increased. The Company's mining advisors recommended that the updated resource
estimate be based upon the assumption that a bulk mining method would be used
in any future mining project. This resulted in inclusion of more internal
waste in the resource, which reduces the overall grade but optimizes the
recovery of magnetite. Historic milling practice on the property used cost
effective magnetic separation methods to remove waste and produce a high-grade
iron concentrate, therefore the mining of additional internal waste does not
have a significant economic impact on the operating costs.

Details of the updated resource estimate will be fully described in a
report that will be completed during the second quarter of 2009. The updated
resource estimate used the same industry standard methods as described in the
September resource report, namely polygonal resource blocks on vertical,
north-south drill sections. The new report will include the results of
metallurgical test work and prefeasibility estimates of anticipated operating
and capital costs for the project which are currently in progress.

Mr. Peter George, P.Geo., as a consultant to the Company, is the
Qualified Person for the project and is responsible for the content of this
press release. Mr. George is the author of the current and previous (September
2008) resource estimates.

Logan Resources Ltd. is a mineral exploration company that specializes in
acquiring, exploring and advancing Canadian mineral properties. The Company
has a diversified portfolio of precious metal, base metal and uranium
projects. For more information on the property portfolio and the Company,
please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.
    
     ON BEHALF OF THE BOARD

     "Seamus Young"
     ------------------------------
     Seamus Young
     President and CEO
 
     Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward looking
statements. Although we believe that the expectations in our forward looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.

     This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from registration is available.
    
     The TSX Venture Exchange has neither approved or disapproved the
     information contained herein.
    
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Copyright (c) 2009 LOGAN RESOURCES LTD. (LGR)  All rights reserved.
For more information visit our website at http://www.loganresources.ca/
or send mailto:info@loganresources.ca
Message sent on Wed Mar 4, 2009 at 6:02:00 AM Pacific Time
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