Heatherdale Completes Requirements to Secure 60% Interest in Niblack Project

VANCOUVER, Aug. 31, 2011 /CNW/ --
VANCOUVER, Aug. 31, 2011 /CNW/ - Heatherdale Resources Ltd.
('Heatherdale' or the 'Company') (TSXV: HTR) announces that it has
satisfied the requirements to earn an additional 9% ownership interest
(resulting in a total ownership Interest of 60%) in the Niblack Project
as contemplated by the June 2009 LLC Agreement of the Niblack Project
LLC (the 'Agreement') with its joint venture partner Niblack Mineral
Development Inc. ('Niblack') (TSXV: NIB).

'We are pleased to have secured a 60% interest and are committed to
continue advancing the Niblack Project,' stated Heatherdale President
and CEO Patrick Smith.  'We look forward to working with Niblack and
utilizing the resources of both groups to expedite the project toward
the prefeasibility stage.'

Heatherdale has advised Niblack that it has elected to pursue the
property development under a 60/40 joint venture rather than continue
to earn a larger percentage interest at this time.  Heatherdale and
Niblack have approved a budget going forward and Heatherdale has agreed
to sole fund operations for a 60 day period to facilitate the
uninterrupted continuation of the current exploration program.

Since its formation in June 2009, the joint venture has completed some
130,000 feet of underground drilling at the Niblack Project and work
programs have been very successful.  Earlier this year, the joint
venture announced a 54% increase in mineral resources in the Lookout
and Trio deposit over those known to exist in 2009.  At a US$50 NSR cut
off(1), the March 2011 estimate comprises 4.1 million tonnes of Indicated
resources grading 1.13% copper, 2.32 g/t gold, 2.27% zinc and 38.70 g/t
silver and 2.5 million tonnes of Inferred resources grading 1.21%
copper, 1.77 g/t gold, 2.29% zinc and 25.90 g/t silver.  A continuous
1.5 million-tonne high-grade zone occurs within the indicated resource,
grading 1.73% copper, 3.50 g/t gold, 3.84% zinc and 61.60 g/t silver at
US$150 NSR cutoff (see March 7, 2011 news release).

These resources laid the foundation for advancing the project to the
next stage of engineering and scoping studies, which are a part of the
2011 program. Further, recent results from drilling have confirmed that
the geological model for the project is robust and successfully
targeting new mineralization.  In particular, a new zone has been
intersected in drilling (see July 28, 2011 news release) that is
expected to add to the mineral resources.  Only about 1/4 of the six
miles of prospective horizon that hosts the Niblack deposits has been
tested by drilling, so there is significant additional resource
potential on the property.

The location of the Niblack Project at tidewater on Prince of Wales
Island in southeast Alaska presents a number of project benefits,
including year-round marine access, a well-trained labour force, a
mature supply and service sector, proximity to Asian markets, and the
support of community and Alaska Native corporation partners.  The
project is also located 27 miles (44 km) from Ketchikan, a community of
8000 people with important services to support project development,
including a deep water port and international airport.  The State's
burgeoning minerals industry also enjoys a competitive tax regime and
stable, predictable permitting and regulatory oversight coordinated by
the Alaska Department of Natural Resources' 'Large Mine Permitting
Team'.  For reference, Hecla's Greens Creek, a 2,100-ton per day
underground massive sulphide mine, operates 225 miles (370 km) to the
northwest of Niblack on Admirality Island.

Heatherdale Resources Ltd. is a Vancouver-based exploration and development company focused on
advancing the high-grade mine development opportunity at the Niblack
Project.  The Company holds a 60% interest in the Niblack Project. It
also holds a 60% interest, with the option to acquire 100% in the
mid-stage Delta copper-lead-zinc-gold-silver project, located in
east-central Alaska.  Heatherdale is associated with the Hunter
Dickinson group, which has a track record of successful mineral
exploration and development projects around the world.

Mark Rebagliati, P. Eng., a Qualified Person as defined under National
Instrument 43-101, is supervising the exploration and quality assurance
and quality control programs on behalf of Heatherdale and has reviewed
the content of this release.

On behalf of the Board of Directors


Patrick Smith


President and CEO

_________________________________________________________________

(1) Net Smelter Return cutoffs use US$  metal prices: Au $1050/oz, Ag
$18/oz, Cu $2.50/lb, and Zn $1/lb; and recoveries to Cu concentrate:
95% Cu, 56% Au and 53% Ag with payable metal factors of 96.5% for Cu,
90.7% for Au, and 89.5% for Ag and to Zn concentrate: 93% Zn, 16% Au,
and 24% Ag with payable metal factors of 85% for Zn, 80% for Au and 20%
for Ag.

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.

This release includes certain statements that may be deemed
'forward-looking statements'. All statements in this release, other
than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the Company
expects, are forward looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration
successes, continuity of mineralization, uncertainties related to the
ability to obtain necessary permits, licenses and title and delays due
to third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market or
business conditions. Investors are cautioned that any such statements
are not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. For more information, investors should
review the Company's continuous disclosure filings that are available
at www.sedar.com.

Information Concerning Estimates of Indicated and Inferred Resources

This news release uses the terms 'indicated resources' and 'inferred
resources'. Heatherdale advises investors that although these terms are
recognized and required by Canadian regulations (under National
Instrument 43-101 Standards of Disclosure for Mineral Projects), the
U.S. Securities and Exchange Commission does not recognize them.
Investors are cautioned not to assume that any part or all of the
mineral deposits in these categories will ever be converted into
reserves.  In addition, 'inferred resources' have a great amount of
uncertainty as to their existence, and economic and legal feasibility.
It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of Inferred Mineral Resources may not form the basis
of feasibility or pre-feasibility studies, or economic studies except
for Preliminary Assessment as defined under 43-101. Investors are
cautioned not to assume that part or all of an inferred resource
exists, or is economically or legally mineable.

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For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.