Cloudbreak Resources Ltd.: Further Property Acquisitions in Saskatchewan
CLOUDBREAK RESOURCES LTD. (TSX VENTURE: CDB)(PINK SHEETS: CUDBF)(FRANKFURT: C6K). Cloudbreak Resources is pleased to announce it has submitted an additional 2 coal permit applications to the Government of Saskatchewan’s Energy Resources Permitting Office. This application encompasses 18,432 hectares (approximately 45,546 acres) in east-central Saskatchewan. These properties are in addition to the 2 properties announced on May 15, 2008.
This area is currently being drilled by Goldsource Mines Inc. and North American Gem Inc. Goldsource announced “most of the coal from the 2 intercepts is ranked as High Volatile Bituminous C and Sub-Bituminous A and is believed to be from the Mannville/Swan River Group of Cretaceous age”. The samples from North American Gem graded “Sub-Bituminous A quality”. Coal structures of the Cretaceous age are reported to be generally very large and can encompass several thousand square kilometers.
The Company is in the process of assessing other acquisitions in the area, and plans to make further applications in the near future. Cloudbreak management plans to make the company a large land holder and player in this exciting new discovery area.
ON BEHALF OF THE BOARD
Blair Naughty, President & Director
This report contains forward looking statements, particularly those regarding cash flow, capital expenditures, and investment plans.
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
Contacts: Cloudbreak Resources Ltd. Rich Macey (604) 669-0401 (604) 669-0414 (FAX) Website: www.cloudbreakresources.com
SOURCE: Cloudbreak Resources Ltd.
