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Jourdan Completes Ground Magnetometer Survey on Jazz Phosphate Property

25.04.2013  |  FSCwire
- 34 line kilometres of ground magnetometer survey completed
- Renegotiation of Jazz Option Agreement to eliminate work commitment


Mississauga, April 25, 2013: Jourdan Resources Inc. (TSX-V:JOR.V - News) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to report the completion of a ground magnetometer survey on its 100% controlled Jazz Phosphate Property (the "Property") located approximately 200 km west-northwest of the Upper North Shore port community of Baie-Comeau (Quebec), and 40 km west of JOURDAN's Lac Dissimieux Phosphate Project.

The Jazz Phosphate Property sits contiguous to the south of the Lac a Paul Phosphate Deposit, where Arianne Resources recently completed a prefeasibility study for open-pit mining operations. The study projected an annual production rate of three million tonnes of 38% P2O5 apatite concentrate over a 17 year open-pit mine life with a forecasted net present value of $985-million and a pre-tax internal rate of return (IRR) of 23.2%.

This 34 kilometer magnetometer survey was designed to cover highly prospective areas originally outlined with airborne geophysics and prospecting. The results of this survey will be incorporated into the existing database to improve project targeting in preparation for future geological mapping, surface sampling and diamond drilling. The survey was completed in late March to take advantage of good winter conditions for access. Favorable exploration targets were identified by the survey along with previous surface mapping and prospecting.

"We continue to move forward on our projects at a time when many junior mining companies look to sit on the cash they have and do nothing. We believe that phosphate as a commodity will continue to grow in demand, and well planned progress is the best value for our shareholders" says Jourdan's President and CEO, Michael Dehn.

In addition Jourdan has negotiated changes to the Jazz option agreement whereby the company no longer has to complete a $500,000 work commitment to finalize the option agreement. Jourdan has two remaining obligations under the option agreement, a payment of $75,000 (in cash or shares) in July, 2013 and a final payment of $125,000 (in cash or shares) in January, 2014, to hold 100% interest in the 53 Jazz claims. "It has been good to work with cooperative partners in these trying market conditions, and we appreciate the offer made by our partners to waive the $500,000 work commitment on the property," states Jourdan President and CEO Michael Dehn.

The technical information in this news release was approved by Mr Stephen Wallace, P. Geo, VP Exploration of Jourdan Resources, and a Qualified Person under NI 43-101 regulations.


About the Jazz Project

The wholly owned Jazz Phosphate Property is total of 53 claims (2,774 hectares) acquired from several prospectors, adjacent to the Paul Lake Advanced Stage Phosphate Project, on which Arianne Resources Inc. recently released the results of the Enhanced Prefeasibility Study for open-pit mining operations at the Paul and Manouane Zones. The Study projects an Annual Production rate of 3 million tonnes of 38% P2O5 apatite concentrate, a 17-year mine life at an average selling price of $175/t, with a forecast NPV of $985 billion and an Internal Rate of Return (IRR) of 23.2%.


About Phosphate

Fertilizers supply plant nutrients, amend soil fertility and are the most effective means of increasing both crop production and food quality. The main nutrients present in fertilizer are nitrogen, phosphorus, and potassium.

Phosphate rock has a high concentration of phosphate minerals, most commonly of the apatite group, which is a primary ingredient in the production of phosphate fertilizers for agricultural purposes. Other uses of phosphate include using phosphorous derived from it in anti-corrosion agents, cosmetics, fungicides, ceramics, water treatment, animal feed supplements, food preservatives and metallurgy. In the agricultural industry, there is no substitute for phosphate.

Recent drivers of demand for phosphate include but are not limited to: increasing global demand for (phosphatic) fertilizer to assist in increasing food production and biofuel crops; a tightening of phosphate rock supplies from the Middle East and North Africa; and competing uses in fertilizers and animal feed supplements.


About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in phosphates. Jourdan also owns the Vallee Lithium Project which is located adjacent to Canada Lithium's Quebec Lithium Mine that has just commissioned the mineral processing sections of the process plant as scheduled with spodumene production being achieved on a regular basis.

Please visit the Company's website at www.jourdan.ca



For further information please contact:

Jourdan Resources Inc.
Michael Dehn Glen Wylie, CMA
President and CEO CFO
Tel: (647) 477-2382 Tel: (647) 477-3758
Fax: (647) 477-2389 Fax: (647) 477-2389
michael@jourdan.ca glen@jourdan.ca



Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.

While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.

Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.

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