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Re: News - Thursday, December 20, 2007
International KRL Resources and Logan Resources Provide Update on
Turn River U-Ni Project
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Vancouver, BC -- December 20, 2007 -- International KRL Resources Corp.
(TSXV:IRK) and Logan Resources Ltd. (TSXV:LGR) today announced that a
finder's fee has been paid in conjunction with the Turn River option
agreement. International KRL Resources and Logan Resources granted
Longview Capital Partners the option to earn a 50% interest in their
Turn River uranium-nickel project in the Yukon for CDN$15 million in
staged exploration expenditures. (See news release September 18, 2007)
Finder's fees were paid by both companies in the form of shares to Mr.
Tim Young which consisted of 103,000 common shares paid by
International KRL Resources Corp. and 58,000 common shares paid by
Logan Resources Ltd.
In addition, the companies report that airborne radiometric and
magnetic geophysical surveys have been conducted over most of the
project area. Interpretation of the geophysical information obtained is
underway and will be announced when complete.
On Behalf of the Board of International KRL Resources Corp. & Logan
Resources Ltd.
"Seamus Young"
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Seamus Young
President and CEO
For more information on International KRL Resources Corp, please visit
www.krl.net, or call the Company at (604) 689 - 0299.
For more information on Logan Resources Ltd, please visit
www.loganresources.ca, or call the Company at (604) 689 - 0299.
Statements in this news release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute Forward-looking
statements. Such statements are based on numerous assumptions and are
subject to all the risks and uncertainties inherent in the Company's
business, including risks related to mineral exploration and
development. Consequently, actual results may vary materially from
those described in the forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the
adequacy and accuracy of this release.
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Copyright (c) 2007 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 Thu Dec 20, 2007 at 1:18:42 PM Pacific Time
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